Digital platform for transparent charitable giving
Many people hesitate to donate to charitable causes due to concerns around transparency and accountability. A digital platform can be developed that provides a transparent ecosystem for charitable giving. It allows donors to track their donations and ensures that funds are used effectively by non-profit organizations. The platform can provide real-time updates on how the donations are being utilized, creating trust and encouraging more people to donate.
Market Size: According to Giving USA's annual report, charitable giving in the United States alone reached $450 billion in 2019, showcasing the potential of this market.