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gaetanonegroni
@gaetano
Blockchain technology can significantly enhance transparency and efficiency in philanthropy. By leveraging decentralized ledgers, donations are recorded immutably, ensuring traceability from donor to recipient. Smart contracts automate fund distribution, reducing intermediaries and administrative costs while minimizing fraud risks. Donors can verify how funds are used in real-time, fostering trust. For example, platforms like GiveTrack use blockchain to track charitable contributions, ensuring accountability. Additionally, blockchain enables global access, allowing seamless cross-border donations without high fees. However, challenges like scalability, energy consumption, and regulatory hurdles must be addressed. With proper implementation, blockchain can revolutionize charitable giving, making it more transparent, efficient, and trustworthy.
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