On 26 October in Geneva at the world investment forum, organized by the United Nations conference on trade and development (UNCTAD), was launched the portal for charitable donations on the basis of the blockchain. The project was initiated by a non-profit organization Blockchain Charity Foundation (BCF), founded by the creators of the cryptocurrency eco-system Binance. Now the system accepts donations in BNB BTC and ETH. Soon the Fund plans to access funds to support victims of floods and landslides in Eastern Uganda.
Helen Hai, head of BCF and goodwill Ambassador of UNIDO on issues of industrialization in Africa, argues that the BCF platform ensures transparency and accountability of donations, as well as their final party. The initiative will help the UN to raise Finance for stable economic development in needy countries that will support 1 billion people living below the poverty line.
It is important to note that the session “Using blockchain technology for sustainable development” brought together more than 700 participants from around the world and was the first session on the blockchain, which ever was held in the framework of the world investment forum.
Presenting the charity portal, Chanpen Zhao, SEO Binance, spoke about the impact of the blockchain on collecting donations and their distribution during the flood in Japan last month and commented on the work of the new resource:
“Concept can be quite easy to track cash flows at all levels, and we can make this process 100% transparent. In addition, we guarantee that 100% of donations will reach the final recipients, and all costs will be covered Binance, both the company and the Fund”.
International investment forum, organized by the United Nations conference on trade and development (UNCTAD), held in Geneva from 22 to 26 October 2018, and brought together representatives of the Bancor, UNICEF, IBM, Hyperledger, ConsenSys, and many others.
It should be mentioned that during the evening of the event, organized by BCF, from Tron Foundation was allocated $3 million to expedite the implementation of the blockchain in the field of charity.
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