AB Charity Foundation Launches Global Operations with Blockchain Technology

Generated by AI AgentCoin World
Friday, Apr 11, 2025 1:42 pm ET2min read

AB Charity Foundation has officially launched its global operations, unveiling a newly upgraded website at www.ab.org. This marks the beginning of a public good framework backed by blockchain technology, aiming to enhance transparency, security, and efficiency in charitable activities worldwide. The foundation's initiative is set to revolutionize the way charitable organizations operate, leveraging the immutable and decentralized nature of blockchain to ensure that donations are used effectively and transparently.

The launch of AB Charity Foundation's global operations signifies a significant step forward in the integration of blockchain technology within the charitable sector. By utilizing blockchain, the foundation can provide a transparent and secure platform for donors to track their contributions, ensuring that funds are allocated to the intended causes. This level of transparency is crucial for building trust among donors and beneficiaries alike, as it eliminates the possibility of misappropriation of funds.

The newly upgraded website, www.ab.org, serves as the central hub for the foundation's operations. It provides users with access to detailed information about ongoing projects, donation tracking, and the impact of their contributions. The website is designed to be user-friendly, making it easy for individuals and organizations to engage with the foundation's initiatives and support its mission.

The public good framework introduced by AB Charity Foundation is designed to address various social and environmental challenges. By leveraging blockchain technology, the foundation can create a decentralized network of stakeholders, including donors, beneficiaries, and partner organizations. This network enables seamless collaboration and coordination, ensuring that resources are utilized efficiently and effectively.

The Foundation’s governance is led by a distinguished board of directors composed of former heads of state from Europe. The board is chaired by Bertie Ahern, former three-term Prime Minister of Ireland and a key architect of the Good Friday Agreement. Board members include Lawrence Gonzi (former Prime Minister of Malta), Péter Medgyessy (former Prime Minister of Hungary), Danilo Türk ( of Slovenia), and Petar Stoyanov ( of Bulgaria).

The Foundation is actively expanding its global advisory board, bringing together respected figures from all five continents—including s, scientists, diplomats, and cultural leaders—to guide strategic planning and foster international collaboration in delivering impactful social initiatives.

At the heart of the Foundation’s mission lies a commitment to public good: advancing global efforts in education, healthcare, environmental protection, and humanitarian aid. The Foundation aims to build a “verifiable model of cooperative goodwill,” powered by transparent governance and next-generation technology. As its founders emphasize, “It is not a specific technology that changes the world—but the shared consensus around trustworthy institutions and global cooperation.”

AB Charity Foundation is technically supported by AB DAO, which provides the blockchain infrastructure underpinning the Foundation’s operations. Through smart contract automation, 15% to 30% of the gas fees from every transaction on the AB public chain are directed into a dedicated charity pool. This mechanism enables a new operational model for charitable funding—combining on-chain fundraising, automated distribution, full-chain auditability, and third-party compliance assurance.

In addition, 15% to 30% of the returns generated from investments by the AB Ecosystem Fund will also be directed into the Foundation’s pool. The fund has already supported dozens of projects, with more initiatives in the pipeline—strengthening the financial sustainability of the Foundation’s mission.

By leveraging blockchain’s inherent transparency, the Foundation aspires to become a scalable model for next-generation philanthropic infrastructure—ensuring every donation is traceable, every distribution verifiable, and every intention honored.

The launch of AB Charity Foundation's global operations is a testament to the growing recognition of blockchain technology's potential in transforming traditional sectors. By embracing this innovative technology, the foundation is paving the way for a more transparent, secure, and efficient charitable ecosystem. This initiative is expected to inspire other organizations to adopt similar technologies, fostering a culture of accountability and trust within the charitable sector.

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