Human Rights Foundation Will Finance Bitcoin Anonymization Developments

Uncommercial organization Human Rights Foundation (HRF) has launched the special fund, whose goal is support of developers, creating Bitcoin transaction anonymization solutions.

Human Rights Foundation Will Finance Bitcoin Anonymization Developments
HRF Will Finance Bitcoin Anonymization Developments

As it is informed in HRF press-release, the fund has been launched to “serve the best financial instrument for human rights defenders, civil society organizations and journalists all over the world”.

The first grant to be paid from the fund is awarded to British developer Chris Belcher. In 2013 Belcher developed CoinSwap protocol to increase Bitcoin confidentiality. Recently, he has offered to use this protocol to solve Bitcoin privacy problems without changing the source code.

In the nearest time they will announce the second grant. Besides, HRF has run the crowdfunding campaign — 95% of donations will go to developers and 5% will finance activity of the organization itself. HRF strategy director Alex Gladstein said:

“Human rights defenders and journalists more often face financial repressions, for instance, freezing bank accounts, restrictions on foreign financing, supervision of payments and general difficulties in generating income or donations. Bitcoin can become a powerful instrument for such people, especially while usage of protected messengers like Signal and projects like Tor Browser and SecureDrop”.

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