World Vision, Inswave Join Forces to Boost Digital Asset Donations
TECHWORLD ·
✦ AI Summary
World Vision and Inswave Co. signed an MOU to promote digital asset donations.
The two organizations will pursue fundraising and campaign cooperation using the digital asset donation platform "Giving Square" (tentative name).
World Vision plans to introduce digital asset donations in stages after establishing internal standards, while Inswave is preparing for a pilot operation of Giving Square.
World Vision, an international relief and development NGO, and AI and DX company Inswave Co. said on the 14th that they had signed a memorandum of understanding, or MOU, to promote digital asset donations. Led by World Vision Chairman Cho Myung-hwan and Inswave CEO Eo Se-ryong, the two organizations pursued the agreement to create a way for donors familiar with the digital environment to participate in giving more easily and transparently.
The signing ceremony was held on the 13th at World Vision headquarters in Yeongdeungpo District, Seoul. Kim Sung-tae, head of World Vision's Sustainable Partnership Division, and Koh Hak-bong, vice president of Inswave, attended the event, along with officials from both organizations.
Under the agreement, the two organizations will pursue fundraising and campaign cooperation using the digital asset donation platform "Giving Square" (tentative name), as well as joint planning for digital asset donation campaigns. They also agreed to cooperate in exchanging information on ways to improve donation transparency based on blockchain technology and on systems and operational measures related to digital asset donations.
World Vision will participate as the platform's primary partner, while Inswave will support platform operations and provide technical and policy consulting. World Vision is pursuing the introduction of digital asset donations.
World Vision plans to make donor protection and transparency in the management of donations its top principles and to establish internal standards for receiving, storing and executing digital assets. After setting those internal standards, World Vision plans to introduce digital asset donations in stages, while Inswave is preparing for a pilot operation of Giving Square.
The two organizations plan to cooperate within the scope of compliance with relevant laws and regulations and jointly create a trustworthy digital asset donation environment. Koh Hak-bong, vice president of Inswave, said trust and transparency are essential for digital assets to take root as a new means of giving, and said he would build a model case with World Vision that demonstrates the positive impact of technology.
Kim Sung-tae, head of World Vision's Sustainable Partnership Division, said that while the way people give changes with the times, the hearts of donors who want to change a child's life do not. He added that through cooperation with Inswave, the organization will create a safe digital asset donation environment, establish a transparent donation environment and deliver hope to more children.
Source: TECHWORLD · Kim Kyung-joo
Original: https://www.epnc.co.kr/news/articleView.html?idxno=408169
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Source: TECHWORLD
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