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Austria’s First 100% Transparent Charity Project Token4Hope Holds First Public Event After Helping More Than 45 Households

  • Sunday, March 31, 2019, 1:15 pm
  • ACROFAN=Jae-Yong Ryu
Token4Hope held a public event on Thursday, March 28, 2019, in Vienna, Austria to showcase the project’s successes to date. The high-profile event, hosted by Blockchain Austria, endorsed Humanity Token and Token4Hope’s overall achievements up to date, the technology used behind the project and its plans for future participation in the global market. The event was attended by numerous influential journalists and industry experts, including Matteo Landi from UNIDO, CFO Simon Blatzer from Wiener Hilfswerk, CEO Christoph Zinganell from Collective Energy, and Matej Michalko, Founder and CEO of DECENT.

Token4Hope is a joint-project developed in cooperation with DECENT, Collective Energy and HumanVenture, aimed at helping indigent individuals and families in Vienna, Austria. The project runs on DECENT’s DCore blockchain technology, which helps the donations to be stored transparently and securely – allowing donors to track their contributions and observe the actual usage of their donated money. Its users – specifically, individuals living in impoverished conditions – are not required to have any prior knowledge about the technology the application runs on, and are only obliged to carry a [SOMA] card containing T4H tokens, through which they can redeem the tokens for goods. Token4Hope is also the winner of the prestigious eAward 2019.

Instituted only last year, the Token4Hope initiative has been able to collect more than 10,000 EUR which were distributed amongst 47 families, consisting of 35 single parents, 12 families and 85 children in Vienna alone. According to Matteo Landi, Project Manager at the United Nations Industrial Development Organization (UNIDO), using blockchain in charity projects seems like an excellent solution to boost trust in charities: “UNIDO is planning on starting to launch projects using blockchain technology, as it can easily be perceived as the biggest revolution of our time. With this project as living proof of blockchain’s success, we, at UNIDO, consider it a tremendous technological breakthrough that can positively disrupt the way charities work today.”

As part of the event program, Matej Michalko, CEO and Founder of DECENT, expressed his hopes and ideas for the project during the panel discussion: “Token4Hope is a perfect example of blockchain’s positive impact on community projects. At DECENT, we’re looking forward to investing our time and money into such verticals. Basically, the impact investing and the donation part of this project is what drives us forward, for the sole purpose of it being one of the first end-to-end applications of our technology that has actual customers – families – receiving the donations.”