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Binance started Blockchain Charity Foundation (BCF) launched its donation portal based on blockchain al UNCTAD World Investment Forum quest & # 39; year. While the platform aims to bring transparency to a number of charitable organizations, the BCF platform will progress specifically on the progress of the United Nations Sustainable Development Goals (SDG).
If we consider the United Nations' first sustainable development goals, such as poverty, hunger, health and even education, these are easily addressed or improved by charitable initiatives. Yet what we are trying to do is a deeper level. I believe that by improving transparency in the charity sector, we will be able to address all 17 goals as a whole, at a more fundamental level, said Binance CEO Changpeng Zhao (CZ). "
& # 39; & # 39; Donations through the BCF platform will ensure full transparency, accountability and direct access to the final recipients & # 39 ;, echoed Helen Hai, Goodwill Ambassador of the United Nations Industrial Development Organization Industrialization in Africa and head of the Blockchain Charity Foundation.
Speaking also to a seminar on Blockchain for the inclusive and sustainable development of UNRISD (UNRISD), he also said:
& # 39; & # 39; BCF will use blockchain technology to help bridge the funding gap of the UN's Sustainable Development Goals and directly empower more than a billion people living in poverty. We believe that poverty is not a destiny. & # 39; & # 39;
Binance CEO Changpeng Zhao (CZ) gave a presentation at the UNCTAD World Investment ForumBlockchain Charity Foundation (BCF)
Transparency is the key to fighting poverty
One of the main advantages offered by blockchain technology is transparency, which is also one of the biggest challenges faced by charities today.
"Donors do not have visibility on where their funds are going, and most donations do not reach the intended beneficiaries.This lack of transparency causes a lack of trust, further reducing people's willingness to donate to charitable funds in general, "said Zhao.
During his main presentation at the UNCTAD World Investment Forum, Zhao noted that transparency brought about by blockchain technology will contribute to advancing all UN sustainable development goals.
"With greater transparency, we can be sure that all funds are used for the right purposes. & Nbsp; Once people trust that we can do better, there will be more donations, with more donations coming, we can get even more, "& Nbsp; said Zhao.
Zhao also described the impact that blockchain technology has had during fundraising and the distribution of donations disaster relief in western Japan last month and spoke about the architecture of the BCF donation portal,
"Conceptually, it is easy to monitor the flow of funds through the layers and we can make it 100% transparent, and at the same time, for anything that Binance is involved with, we promise that 100% of the donations will go to the final beneficiaries, and all the costs will be covered by Binance, the company and the foundation. "
The charity system will immediately start accepting donations, with initial support for the Binance Coin (BNB), Bitcoin (BTC) and Ether (ETH) cryptocurrencies. BCF will also open a donation channel to support the victims of the floods and landslides in the east of Uganda.
He takes a village
Echoing Binance, TRON Foundation promised an initial amount of $ 3 million to BCF to be allocated to the blockchain efforts for charity.
& # 39; & # 39; All of us here have made the decision to be a leader in shaping blockchain technology for social good. The Binance Charity Foundation is taking significant steps in this direction by increasing the transparency of donations, so you can see where donors' goodwill is going and what impact it has, "said Justin Sun, CEO of the Tron Foundation.
After talking to the people involved in the United Nations Sustainable Development Goals, it was clear to Sun that there was a lack of transparency, traceability and efficiency within the organization. In turn, this had a direct impact on the success of the charitable actions of the organization.
I believe that providing the right infrastructure to those charities and the Sustainable Development Goals will help to involve more people, allowing the community to receive more funding, be more efficient during their campaigns and ultimately have a better overall impact. Blockchain is a powerful tool that everyone should have access to. Working with Binance, one of the leaders in this field, will allow us to make this technology accessible, while being supported by the best innovations, Sun told me. "
As an initial contribution, TRON is donating $ 3M to the Binance Charity Foundation. However, according to Sun, TRON will dedicate more resources and engineering power to build end-to-end solutions to support charitable actions.
Our Blockchain is co-governed by 27 Super Representatives, all elected by TRON token holders. As one of these elected Super Representatives, I will devote the resources I have acquired from co-governing the network to causes that will benefit society. I hope my actions inspire more people to take advantage of the great potential of blockchain technology to really make a positive impact, said Sun. "
In addition to TRON, representatives from Bancor, UNICEF, IBM, Hyperledger, ConsenSys, the public sector and others met in the forum to discuss the implementation of the blockchain to SDGs. The Blockchains for sustainable development forums has attracted more than 700 participants from all over the world. Organized by the IFLAS initiative on Blockchains for Sustainable Development and supported by BCF, it marked the first blockchain session ever held at the World Investment Forum.
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Binance started Blockchain Charity Foundation (BCF) launched its blockchain-based donation portal at the UNCTAD World Investment Forum this year. While the platform aims to bring transparency to a number of charitable organizations, the BCF platform will specifically advance the progress of the United Nations Sustainable Development Goals (SDGs).
If we consider the United Nations' first sustainable development goals, such as poverty, hunger, health and even education, these are easily addressed or improved by charitable initiatives. Yet what we are trying to do is a deeper level. I believe that by improving transparency in the charity sector, we will be able to address all 17 goals globally, at a more fundamental level, said Binance CEO Changpeng Zhao (CZ). "
& # 39; & # 39; Donations through the BCF platform will ensure full transparency, accountability and direct access to the final recipients & # 39 ;, echoed Helen Hai, Goodwill Ambassador of the United Nations Industrial Development Organization Industrialization in Africa and head of the Blockchain Charity Foundation.
Speaking also to a seminar on Blockchain for the inclusive and sustainable development of UNRISD (UNRISD), he also said:
& # 39; & # 39; BCF will use blockchain technology to help bridge the funding gap of the UN's Sustainable Development Goals and directly empower more than a billion people living in poverty. We believe that poverty is not a destiny. & # 39; & # 39;
Binance CEO Changpeng Zhao (CZ) gave a presentation at the UNCTAD World Investment ForumBlockchain Charity Foundation (BCF)
Transparency is the key to fighting poverty
One of the main advantages offered by blockchain technology is transparency, which is also one of the biggest challenges faced by charities today.
"Donors do not have visibility on where their funds are going, and most donations do not reach the intended beneficiaries.This lack of transparency causes a lack of trust, further reducing people's willingness to donate to charitable funds in general, "said Zhao.
During his main presentation at the UNCTAD World Investment Forum, Zhao noted that transparency brought about by blockchain technology will contribute to advancing all UN sustainable development goals.
"With greater transparency, we can be sure that all the funds are used for the right purposes.When people trust that we can do better, there will be more donations.With more donations coming, we can still get more, "Zhao said.
Zhao also described the impact that blockchain technology had on fundraising and distribution of donations during disasters in western Japan last month, and spoke about the architecture of the donation portal. of BCF,
"Conceptually, it is easy to monitor the flow of funds through the layers and we can make it 100% transparent, and at the same time, for anything that Binance is involved with, we promise that 100% of the donations will go to the final beneficiaries, and all the costs will be covered by Binance, the company and the foundation. "
The charity system will immediately start accepting donations, with initial support for the Binance Coin (BNB), Bitcoin (BTC) and Ether (ETH) cryptocurrencies. BCF will also open a donation channel to support flood victims and landslides in the east of Uganda.
He takes a village
Echoing Binance, the TRON Foundation promised an initial amount of $ 3 million to BCF to promote blockchain efforts for charity.
& # 39; & # 39; All of us here have made the decision to be a leader in shaping blockchain technology for social good. The Binance Charity Foundation is taking significant steps in this direction by increasing the transparency of donations, so you can see where donors' goodwill is going and what impact it has, "said Justin Sun, CEO of the Tron Foundation.
After talking to the people involved in the United Nations Sustainable Development Goals, it was clear to Sun that there was a lack of transparency, traceability and efficiency within the organization. In turn, this had a direct impact on the success of the charitable actions of the organization.
I believe that providing the right infrastructure to those charities and the Sustainable Development Goals will help to involve more people, allowing the community to receive more funding, be more efficient during their campaigns and ultimately have a better overall impact. Blockchain is a powerful tool that everyone should have access to. Working with Binance, one of the leaders in this field, will allow us to make this technology accessible, while being supported by the best innovations, Sun told me. "
As an initial contribution, TRON is donating $ 3M to the Binance Charity Foundation. However, according to Sun, TRON will dedicate more resources and engineering power to build end-to-end solutions to support charitable actions.
Our Blockchain is co-governed by 27 Super Representatives, all elected by TRON token holders. As one of these elected Super Representatives, I will devote the resources I have acquired from co-governing the network to causes that will benefit society. I hope my actions inspire more people to take advantage of the great potential of blockchain technology to really make a positive impact, said Sun. "
In addition to TRON, representatives from Bancor, UNICEF, IBM, Hyperledger, ConsenSys, the public sector and others met in the forum to discuss the implementation of the blockchain to SDGs. The Blockchains for Sustainable Development forum has attracted more than 700 participants from all over the world. Organized by the IFLAS initiative on Blockchains for Sustainable Development and supported by BCF, it marked the first blockchain session ever held at the World Investment Forum.
