Dutch Foundation Wants to Disrupt Charities Using Blockchain Technology

Which charities will dare to become transparent?

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The Opakeco Foundation has a vision: a world where humanitarian causes are fully transparent and held accountable. Transparency and accountability have long been problematic for charities but now with the coming of Blockchain technology, digital transparency could be reached.

The Opakeco Foundation is building a platform for which you can buy “Karmo” tokens. Token holders will be able to exert control over the foundation and support charities without the need of technical skills. In time, Opakeco will – the organiser hope – become the quality label for measuring the transparency of charities and well-doers.

“ We really think the world is ready for transparency, we
think it’s actually necessary,” stated Akash Parmesar, CEO of Opakeco.

A simple and short explanation of the platform:

The mission of the Opakeco foundation is to:

  • Achieve transparency in charities using Blockchain technology and ethereum smart contracts.
  • Create a novel way of running a foundation through voting, smart contracts and releasing all communication.
  • Become a force for charitable work and a monitor of its accountability and transparency.

Philanthropy is ripe for disruption.

  • Today there are 700 million people around the world living in extreme poverty (defined by the World Bank as $1.25/day).
  • Just $80 billion would lift ALL of them out of extreme poverty (Brookings Institute).

We spend twice this amount in global aid every year, but most of today’s billion-dollar nonprofits and NGO are incredibly inefficient and bureaucratic. It’s estimated that only about “15 – 20% of donations” actually get to recipients. If only we could give the funds directly to the people who need it most. Peer to peer and Blockchain technology makes this possible.

Opakeco will be announcing it’s ICO soon. They are currently developing the platform and need your support. You can contribute by going to www.opakeco.org/.

The Opakeco Foundation is a Dutch startup that wants to make charities more transparent and accountable using Blockchain technology. Within the same platform users will be able to communicate with different charities, verified well-doers and people who aim to make a change in their community. The platform will let you see to what extent a certain well-doer or charity is accountable and transparent.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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  • Raedeon89

    Blockchain for chairty transperancy? Not sure about it but it works out it would be amazing

    • Opakeco Foundation

      Hi Raedeon89! It will be amazing :)!
      Check out our whitepaper at opakeco.org/whitepaper.pdf and our github is at github.com/opakeco.

      If you have any more questions, just let us know. We’ll be opening a slack later today, tomorrow tops.

      Kind regards,