Blockchain Enhances Charity Transparency — Is It Suitable for Everyone?

In 2021, the Australian branch of the Red Cross was allocated $90 million to support victims of the bushfires that affected various areas in New South Wales and Victoria.

However, the organization faced criticism regarding its transparency when it disclosed that only about one-third of the funds would be allocated for immediate assistance. It also indicated that the full distribution of the funds could extend over a three-year period.

This situation highlights the potential for blockchain technology to enhance transparency in charitable fund allocations.