Bahamian Blockchain Company Raises Crypto Donation for Hurricane Victims

PO8, a blockchain company based in the Bahamas, is requesting the crypto and blockchain communities to assist them in bringing help to the victims of Hurricane Dorian. The company made its request in a blog post on September 2.

Hurricane Dorian brought destruction to Bahamian islands on Monday and Tuesday. Satellite pictures show the area has suffered massive flooding, with more than 60% of Grand Bahama Island submerged.

PO8 has seen the destruction firsthand and is requesting the crypto and blockchain communities to help restore and rebuild the islands most affected.

A recent post on the PO8 site asserted:

“PO8 has pledged 1 billion PO8 tokens to hurricane relief efforts. For every dollar worth of crypto donation, PO8 will match it 100%.”

Cryptocurrency donations are accepted Bitcoin or Ethereum (ETH). Cash donations can also be given on the PO8 GoFundMe page.

PO8’s blockchain platform intends to democratize access to marine archeological artifacts by preventing their sale and building their provenance.

Cryptocurrencies and blockchain technology are progressively being used for charitable initiatives. After the Notre Dame cathedral fire earlier this year, France’s Minister of State for the Digital Sector Cédric O stated he was open to participating with cryptocurrency platforms for donations to rebuild the cathedral.

Independent public charity Fidelity Charitable said in an August report that it had gotten $100 million in crypto donations since it started accepting cryptocurrencies in 2015.