Ethereum News Daily TheBitTimes.com

Can blockchain technology actually help to improve transparency within charities? In 2021, the Australian branch of the Red Cross received $90 million to aid the victims of the bushfires that plagued various regions of New South Wales and Victoria.  However, the organization soon came under fire for its lack of transparency when it revealed that it would only distribute around one-third of the intended funds on immediate assistance and that it could take up to three years to distribute the total amount. One resident who lost his home to the fires told local media, “They made a lot of promises that they’re going to this, that and other, (but) I’ve received nothing, I have no idea where the money is going.” This one example highlights a common problem among charities: The processes for distributing charitable giving are often obscured by bureaucracy and prone to mismanagement. Without robust accountability mechanisms, charities risk mismanaging or misusing funds and, at worst, committi

Coinbase-supported Base Layer 2 network has open-sourced its code repositories, aiming to enhance transparency and encourage public contributions. The Base Layer 2 network, incubated by Coinbase, recently open-sourced its code repositories. This step is designed to promote transparency and enable public contributions to the project. Developers can now access Base’s core code, facilitating various processes from contracts to deployments. Base’s decision to open its work aims to involve the wider developer community. The organization believes that by sharing their code, they can stimulate collaboration and utilize collective expertise to enhance their existing infrastructure. Furthermore, opening their code can provide a platform for feedback, potentially leading to the identification of areas for improvement or unnoticed bugs. An important context is Base’s collaboration with Optimism on the Ethereum-based OP Stack. Anika Raghuvanshi, a Senior Software Engineer at Base, emphasized