The latest blockchain news has come from Silicon Valley outpost of Airbus, A-Cubed that has launched a blockchain powered open source project, Heritage which aims to assist fundraising and donations. The technology will be implemented for internal business applications and smart contracts. The charities and non-profit organizations that are taking over crypto coins will be assisted by A-Cubed.
According to Next Big Future, it is stated that Heritage is developed by the Silicon Valley part of flight company Airbus which will provide a decentralized application for managing and accepting donations. The blockchain news update further reveals that it will be done for the company itself and their charitable partners from virtual currency on the Ethereum blockchain platform.
A team of A-Cubed has already made a test on the platform through an internal fundraiser to provide benefit in the Bay Area and around charities. The aerospace company aims towards eliminating the gap of skill set in the companies that do not have trained developers in the field of new blockchain technology.
Heritage – Operation, And Execution
The blockchain news also informs that Airbus wishes to set a standard so that non-profits organizations can continue to grow in this ecosystem of technology. Also, as an open source project, this venture will contribute a lot to the developing blockchain ledger. Heritage platform will record the donations in an ERC-721 token which will be owned by the donor along with address and donation amount. The system is also capable of issuing donation certificate or information for tax purpose.
This foundation is the philanthropic play of the European aerospace giant and the first of its kind to make the use of Ethereum-based blockchain technology in such way. A-Cubed pilot program is also joined by the animal welfare organization HartSong Ranch Animal Sanctuary and Museum of Art, Design, and Entertainment. (Via zdnet)
Stay tuned to find more interesting and latest blockchain news.
The post Latest Blockchain News: Airbus Launches Blockchain Based Donation Platform appeared first on OWLT Market.
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