Would having or using a Blockchain be the perfect way for a charity to be analyzed for transparency...

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Would having or using a Blockchain be the perfect way for a charity to be analyzed for transparency and to make sure it's funds are being used properly?

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From my understanding every transaction on the Blockchain is recorded forever and can never be changed. This seems to be a perfect way to run a charity and prove to people that money is being used properly. Am I assuming correctly here? Would like to hear your guys opinion if this is a good idea or not. I know many people are super hesitant about donating to charities because you never know how your money is actually being used, and it seems like a Blockchain could solve that issue. But I dunno for sure, what do you think?

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AhavaEkklesia

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Posted: 2 years ago
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