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
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