Inswave Signs MOU With World Vision to Boost Digital Asset Donations

Inswave, a company specializing in AI and DX, announced on the 14th that it had signed a business agreement with World Vision to promote digital asset donations. Inswave and World Vision said they had entered into the agreement to expand digital asset giving and to create an easy, transparent way for donors from a new generation familiar with digital environments to participate in sharing.

The signing ceremony was held on the 13th and was attended by Kim Seong-tae, head of World Vision's Sustainable Partnership Division, Ko Hak-bong, vice president of Inswave, and officials from both organizations. The two sides agreed to jointly pursue fundraising and campaigns aimed at improving transparency in the donation process.

Accordingly, the two sides will cooperate on fundraising and campaigns using the digital asset donation platform "Givingsquare (tentative name)." They also agreed to jointly plan campaigns for digital asset donations.

The two sides also decided to use blockchain technology to increase transparency in donations. They also agreed to exchange information on institutional and operational measures related to digital asset donations.

World Vision will participate as a priority partner for Givingsquare. Inswave will support platform operations and provide technical and institutional consulting.

World Vision plans to make donor protection and transparency in donation fund operations its top principles and, before introducing digital asset donations, establish internal standards for receiving, safeguarding, and disbursing digital asset donations before rolling them out gradually. Inswave is preparing for pilot operations of Givingsquare.

The two organizations plan to jointly create a trustworthy digital asset donation environment within the scope of compliance with relevant laws and regulations. Regarding this direction, Kim Seong-tae, head of World Vision's Sustainable Partnership Division, said that while the way of sharing may change, donors' willingness does not, and expressed his intention to work with Inswave to create a safe and transparent donation environment based on digital assets.

Kim said the goal is to deliver hope to more children through this effort. Ko Hak-bong, vice president of Inswave, said that trust and transparency are the conditions for digital assets to become established as a new means of giving, and expressed his commitment to building a best-practice model that connects the positive impact of technology together with World Vision.

Inswave is expanding the scope of its existing business into the digital asset sector, and in the process has reached the final stage of a demonstration project for the commercialization of its small-business digital asset (voucher certificate) service, "Naegift." At the same time, Inswave is preparing new businesses such as a creator security token offering (STO) business, and is also preparing practical reviews related to filings for virtual asset service provider (VASP) and prepaid business licenses for the purpose of pursuing new businesses.

Source: IT DAILY · Yang Seung-gap
Original: https://www.itdaily.kr/news/articleView.html?idxno=242168

References

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