What do you get if you combine a blockchain technology provider focused on cross border payments and making money more fluid, with the largest provider of nonprofit applications globally and a tech business that’s connecting communities to generate and reward social impact?
Blackbaud (NASDAQ: BLKB) is the world's leading cloud software company powering social
good. Serving the entire social good community—nonprofits, higher education institutions, K–12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, companies and individual change agents—Blackbaud connects and empowers organizations to increase their impact through cloud software, services, expertise and data intelligence.
Stellar is an open-source network for currencies and payments. Stellar makes it possible to create, send and trade digital representations of all forms of money—dollars, pesos, bitcoin, pretty much anything. It’s designed so all the world’s financial systems can work together on a single network.
Task is a platform for creating community and encouraging change. Focused on developing economic communities and organisational transparency, the platform provides data tracking, team rewards and the flow of funds from developed nations to emerging economies.
Task is powered by the Stellar blockchain. Task is a Premier Partner with Blackbaud.
What blockchain means for Blackbaud customers
Blackbaud have around 45,000 clients across the world who they help with fundraising and donor management, with many of these clients focused on improving the livelihoods of marginalised communities.
The Blackbaud/Task partnership opens up new opportunities for connecting these communities and providing financial support and reward mechanisms through the use of Stellars blockchain.
Let’s take a look at a few of the possible use cases when bringing together Task, Stellar and Blackbaud.
Investment and donor transparency
More than ever donors seek transparency when it comes to understanding how funds are spent and what impact is being created. With the Task platform nonprofits can easily track and report on activities being carried out in the field whilst accounting for the proportion of capital being allocated from the funding pool all stored inside the blockchain ledger - just what donors want to see!
Task allows nonprofits to access field information which is then stored on Stellars blockchain ledger. The data is passed back to Blackbaud products like Raiser's Edge so Blackbaud customers gain deeper insight and understanding of program management and performance.
Most nonprofits have teams of volunteers many of whom are working remotely. With Task the volunteer can log daily activities via mobile, providing a birds eye view into what’s happening on the ground with data is sent back to Blackbaud for reporting.
There is also often a need to get supplies out to remote Volunteer teams, and low-cost, cross border payments means liquidity - whether from grants, investors or donors - can flow fast into localities that need support.
Using Task drastically cuts down on the administration needed to properly project manage programs and gives volunteer managers verified data for reporting and time sheeting their teams activities.
Influencing behaviour towards sustainability
The concept of using blockchain to get liquidity to remote teams extends to behaviour change around sustainability. A Task client example is Smart Agro, who are teaching farmers in Cambodia how to implement new cropping systems.
By combining the Task mobile app working in the local dialect with Stellar, Smart Agro are able to:
- Increase the flow of USD liquidity to farmers in remote communities in return for data that tracks progress against conversion to sustainable farming practises
- Broadcast this proof of impact to investors and grant funders to increase the available liquidity to the farming communities
- Provide the farmers with heavily discounted supplies essential for the operation of their businesses in exchange for the USD earned
Everyone wins. The farmer sees their livelihood improve, the donors can see what is happening to their funding, and environmental improvements are tangible, managed and measured.
Supply chain visibility and consumer confidence
Just as Cambodian farmers and Donors can harness the power of blockchain through the Task mobile app, so can consumers. The produce of farmers ends up in the shopping basket of consumers. What if the consumer could virtually meet the farmer who created their food?
The way in which Task tracks activities makes this easy. Farmers are grouped by localised initiatives which the brand producing goods can identify the initiative using a simple QR code on the product wrapper.
This QR code takes the consumer, via Task, to view the work of the farming communities - and the consumer is able to send micro or large donations to support these communities, bypassing traditional banking systems and getting their money directly into hands of the people who need it the most.
The opportunity for brands who seek to connect their customers with the other extremity of their supply chain is immense, and we expect to see this take off as a huge growth area for brands whose consumers are demanding increased transparency.
With institutional acceptance of blockchain and cryptocurrencies at an all time high, these technologies are here to stay. Businesses like Task are seeking to leverage these new paradigms, to open up new business models that help to solve problems that have plagued us for decades.
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Movement of liquidity at almost zero cost with complete transparency for the funder offers opportunities to solve really big problems - leveraging that mobile device in the pocket of over 3 billion people on the planet to help improve standards of living will be something that resonates with many Blackbaud customers, roofed under the umbrella of the organisation that describe themselves as “the world's leading cloud software company powering social good.”
If you’d like to understand more about Task, then we invite you to read our customer success stories - or alternatively lets get on a call and look at how you’d like to scale your impact and business models with the opportunities blockchain, digitised currencies and Blackbaud combined can deliver.