'GiveFi' Pioneers Transparent Blockchain Giving Platform

Global project 'Givefy', which aims to create a transparent and participatory donation ecosystem utilizing blockchain technology, has commenced full-scale development. Blockchain company Bloom Technology is promoting the development of the Web3 donation platform Givefy, in partnership with Naver co-founder Chairman Kwon Hyuk-il and Evan Klassen, CEO of One Humanity Foundation. Givefy, a portmanteau of 'Give' and 'Finance', integrates blockchain technology to track donation details in real-time, ensuring transparency. Furthermore, by attributing value to diverse social contribution activities and providing direct rewards, it is expected to open a new horizon for participatory donations. In particular, Givefy plans to safely and transparently manage the flow of donations within its platform by utilizing 'Locus Chain', a next-generation blockchain protocol developed by Bloom Technology. Close collaboration with Naver's flagship donation platform, 'Happybean', is also noteworthy. Givefy plans to expand the influx of existing Happybean participants and, together with global influencers, widely promote the value of social contribution activities to encourage participation. Chairman Kwon Hyuk-il expressed his anticipation, stating, "We will inherit Happybean's philosophy of sharing and use Locus Chain technology to give new value and rewards to social contribution activities." Evan Klassen, CEO, also emphasized, "Givefy's ultimate goal is to drive real social change by building an ecosystem that recognizes and rewards meaningful activities." All eyes are on the future of Givefy, which is expected to have a positive impact on society by creating a 'participatory donation ecosystem' that goes beyond simple donations.