William Toth: How Blockchain Technology Can Help Charities

William Toth understands that corruption is a big challenge for charity foundations, and funds that are sent to impoverished countries do not always reach the intended recipients. Some charities have also been accused of lacking transparency, either by failing to disclose how much money from donations goes towards paying their staff or administration, or by refusing to reveal how much money they have in reserves. According to William Toth, blockchain allows finances to be publicly audited, ensuring charities remain accountable and its decentralized nature also eliminates banks, allowing funds to be directly sent to those in need.

Go through: William Toth: Demystifying Blockchain Technology

William Toth: What Does Blockchain Technology Offer?

Blockchain technology gives us the technological capability of creating a record of human exchange, explains  William Toth. Further, this technology is capable as an exchange of currency, as well as all kinds of digital and physical assets, even of our own personal attributes, and does so in a new and innovative way.In some ways, blockchain technology represents the traditional institutions we are used to using in society. However, it does this in a decentralized way by converting a lot of our uncertainties into certainties, William Toth explains.

Go through: William Toth: What is Blockchain Technology?