For anyone who doesn’t know what an ICO is, it is basically a way of raising finance for a new organization or venture by issuing digital tokens (or ‘coins’) that can be freely purchased by anyone through a cryptocurrency exchange. It can be thought of as a form of crowdfunding in which you purchase the right to share in the future success of the organization in question.

We may be about to see a pretty big increase in the size of the blockchain philanthropy market in the coming year.

What, you might justifiably ask, does this have to do with charities or philanthropy? Whilst there are some great examples of projects that are up and running, there are still only relatively few of them. However, based on conversations I have had and the number of approaches I get from people with ideas for blockchain philanthropy implementations, I suspect we may be about to see a pretty big increase in the size of this market in the coming year. And ICOs appear to be a big part of the plans of many of these social good startups.

Read the full article by Rhodri Davies at Charities Aid Foundation