Public charity urgently needs full process transparency
In recent years, the charity industry has been repeatedly exposed to negative news. For example: unscrupulous elements seeking improper benefits under the banner of public welfare; fraud and deception in donations; unclear powers and responsibilities of supervisory bodies and serious internal corruption ...... In the final analysis, it is because there are loopholes in charity activities such as "untimely information updates, non-disclosure of donations, and non-transparent donation processes", so in order to improve the credibility of charity, there is an urgent need for full process transparency.
 
"Redruby DAO rejects corruption in the name of DAO"
Traceability + Governance, Redefining Trust
The key nodes of supervision in charitable activities are the three parties of donors, charity platforms and recipients. Based on the characteristics of blockchain technology, such as "distributed, decentralized, tamper-evident and transparent", it can realize the credible record of the whole chain of charitable activities, traceability of the process and the participation of the chain nodes in the governance of the whole public welfare chain, thus empowering trust.
 
(1) Open and transparent information
On Redruby DAO, from donation information to distribution records, the data are all on the chain and stored in each node in a distributed manner, so that donors and charity supervisory platforms can trace the source of each link of each public welfare project and understand the destination and use of each donation. This enables public disclosure and traceability of donation information and fund use, and rebuilds public trust.

(2) Reduce charity transaction costs
Using peer-to-peer transaction technology, blockchain public welfare realizes peer-to-peer donations between donors and recipients, eliminating transaction costs brought about by third-party financial institutions; at the same time, the traceability and non-tamperability of blockchain data can simplify the process of accounting and supervision by third-party platforms in public welfare projects, greatly reducing audit costs.

(3) Improve the efficiency of public welfare fundraising
The integration of all data, the flow of information in each link, and the handover of work are more direct and transparent, simplifying the handover process and wasting resources. Recipients instantly initiate projects, and after auditing, they can be used as soon as they get donations, and fundraising efficiency is greatly improved.
 

 
Blockchain for the public good has a bright future
In general, Redruby DAO is very necessary and effective. It can perfectly solve the trust problem faced by the public welfare industry, make public welfare more transparent, efficient and fair, stop people's love from being paid by mistake, and make every donation traceable.