Preparing your Trinity Audio player. . . Bridget Doran is an entrepreneur whose financial goals are closely connected to how people choose to donate money. She aims to assist charities by increasing donors' confidence that their contributions are properly managed and used for the intended purposes. “Donors often aren’t sure if their donations reached the right recipients, ” she explains, “or if the money was applied as intended. ” With experience in the charitable sector, Doran works extensively with technology and data. She describes her role as a “systems consultant. ” Her expertise in technology led her to explore blockchain’s potential. Her startup, Traceport, integrates charities with technology by leveraging the BSV blockchain—of which she is “absolutely a big fan”—to enhance accountability in nonprofit organizations. “Blockchain provides an immutable, traceable record. ” Traceport will operate as a subscription service for charities. By placing their data directly on the blockchain, Traceport does not hold custody of the information; the blockchain itself retains it, remaining accessible regardless of Traceport’s future. Doran emphasizes the importance of this service, citing a survey indicating that transparent charities receive 53% more donations. “Charity systems are numerous and fragmented, often functioning in isolation. This fragmentation complicates audits and tracking the allocation of incoming funds.

Traceport addresses this issue by essentially streamlining the audit process. ” Charities that improve their accounting and technological efficiency stand to gain significant financial advantages. Doran notes that globally, charities spend $75 billion on software and compliance, suggesting ample opportunity to optimize their systems and allocate more funds directly to their causes. Eventually, Doran envisions donors potentially funding Traceport’s services themselves, rather than the charities bearing the costs. “Funders might support Traceport usage, since charities frequently operate with very limited budgets. ” She is already onboarding a U. S. -based charity that has joined the Traceport pilot program, and is in advanced talks with a second organization. If her initial clients experience the accountability benefits Doran confidently offers, they will likely be among many, ultimately benefiting the important causes these charities support. Watch: The next big thing?Discover startups making waves at Block Dojo Cohort 10