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Home » Blockchain improves charity transparency — But is it right for everyone?
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Blockchain improves charity transparency — But is it right for everyone?

News RoomBy News RoomOctober 22, 20237 Views0
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In 2021, the Australian branch of the Red Cross received $90 million to aid the victims of the bushfires that plagued various regions of New South Wales and Victoria.

However, the organization soon came under fire for its lack of transparency when it revealed that it would only distribute around one-third of the intended funds on immediate assistance and that it could take up to three years to distribute the total amount.

How blockchain can help provide more transparency. Source: OpenLedger
Allocation records of dispersed funds. Source: Binance Charity

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