First West Japan Disaster Relief Project Report from Binance Shown to Promote Transparent Charity

In the summer of 2018, news media outlets flooded their publications with information about the heavy rainfall experienced in southwestern Japan. The constant state of downpour was brutal to the area, bringing forth massive floods and even mudflows that buried thousands and thousands of homes. As a result, over eight million people in 23 prefectures were urged to leave behind what they’d known, in hopes that they could come out of the tragedy with their lives. By July 20th, there were 225 people who had been confirmed dead, and 13 people missing. It has been deemed the deadliest disaster of its kind in 36 years.

By July 8th, before the reports of the deceased were released, Binance urged their users and others to donate to the relief of the 17,000 families who lost their homes. Donors quickly participated in the efforts, bringing in over $1,410,000 in various ERC20 tokens by their final count.

In the meantime, they worked mercilessly to get in touch with local NGOS, government agencies, and other organizations to support the cause. According to a post on Medium by Binance,

“As of October 15, Binance has completed donations worth around 56,700,000 JPY (63.03 BTC or 169.85 ETH), helping more than 41,200 victims across 3 prefectures: Okayama, Ehime, and Hiroshima.”

Binance released a report on Medium to describe all of the efforts being made by Binance right now. The release of this first report was posted on Binance’s Twitter page, which said, “Today, @BinanceBCF published our first report on the West Japan Disaster Relief project, our pilot test for donation transparency. We thank all supporters who helped during this process. We look forward to ensuring full transparency in charitable giving.”

The blog discusses how Binance had gotten in touch with multiple organizations to get the donations to the people that needed it. The organizations included:

  • Peace Winds Japan, which was founded with the intention of “timely humanitarian relief in emergencies to help people whose lives have been threatened by conflicts and natural disasters” in 1995. They sent out staff to distribute supplies, support evacuation, and offer provisions.
  • Momotarou Fund, which provides “stress relieve, provision of shelters, children/mothers support, temporary shelter for nursing home, after-school education/care for child victims, mental care, emergency supply, support of school equipment, volunteers, soup-run, hospice care for patients, and reconstruction support,” according to the blog.
  • Open Japan, which was established after the 2011 Tohoku earthquake to help with volunteer-related services, like dirt clean up and serving food.
  • Kure City Office, which is one of the most severely damaged areas that has been providing support for victims.
  • Bic Camera, which is providing home appliances to the victims in their temporary shelters.

Binance used several third parties to get the funding where it needed to go. With Miss Bitcoin, they sent funds to Peace Winds Japan and Momotaro Kikin. With a local supporter, funds were sent to Bic Camera and Kure City. Open Japan received their funds directly from Binance. From there, the organizations moved the funds to NPOs, volunteers, and the citizens.

So far, these efforts have made it possible to contribute 56.7 million JPY worth of cryptocurrency to the relief of the citizens. After the donation, Open Japan said,

“It wasn’t difficult to get our account set up, and once everything was ready Binance contacted us to proceed with the donation. It was carried out instantly, and after confirming the transfer we were able to convert it to Japanese yen. Receiving this donation left us with a deep impression of cryptocurrency: both its growing effect on our world and its potential.”

Binance took the time to thank “all of the donors, users, supporters, coordinators in Japan who have helped us pass the donation to the victims” at the end of the report. They also named teams and individuals that contributed.

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