On the 4th, Wemade announced the launch of the 'Transparent Sharing Alliance' on the blockchain-based transparent social platform 'Wepublic.'
The 'Transparent Sharing Alliance' is a coalition of various social welfare organizations in fields such as child, elderly, disabled, and animal protection that come together on Wepublic to carry out social contribution activities. It plans to promote various activities such as fundraising efforts, discovering sponsorship projects, and raising social welfare-related issues.
Donors can select their desired donation destination from various projects established within the 'Transparent Sharing Alliance.' By simplifying the donation process, the sponsorship money is directly delivered to the areas in need without any intermediaries, and all expenditure records are recorded on the blockchain, allowing anyone to verify them transparently.
In addition, consulting support will be provided for private corporations to collaborate with organizations within the alliance to carry out sponsorship campaigns. Documentation regarding sponsorship funding can be registered and queried, allowing for a clear understanding of how the sponsorships are actually implemented.
Lee Min-jin, the head of the Wemade Wepublic Center, said, 'With the launch of the Transparent Sharing Alliance, beneficiary organizations can attract designated donations tailored to the needs on the ground, and donors can realize donations that align with their philosophy or social values.'