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Monday, April 29, 2024
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HomeFinanceBlockchain improves charity transparency — However is it proper for everybody?
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Blockchain improves charity transparency — However is it proper for everybody?

In 2021, the Australian department of the Crimson Cross acquired $90 million to assist the victims of the bushfires that plagued varied areas of New South Wales and Victoria.

Nevertheless, the group quickly got here below hearth for its lack of transparency when it revealed that it could solely distribute round one-third of the meant funds on speedy help and that it may take as much as three years to distribute the entire quantity.

How blockchain might help present extra transparency. Supply: OpenLedger
Allocation data of dispersed funds. Supply: Binance Charity

Proceed Studying on Cointelegraph

See also  Will ADA Rally to $4-$5? Community Surge and Tech Developments Present Optimism
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