Tron (TRX) founder Justin Sun and Binance CEO Changpeng Zhao Recently met up at the United Nations in Geneva, Switzerland to Promote the use of blockchain in the non-profit sector of the economy.
Tron founder CEO, Justin Sun announced in a tweet that he feels so honored to be part of the ongoing World Investment Forum in Geneva, 22 – 26th October, 2018.
This forum was on the 73rd anniversary of the UN day when Binance introduced Blockchain Charity Foundation and also launched a blockchain-based donation platform.
This charity platform will accept donations in BTC, ETH, and BNB digital assets, and also support victims of flood and landslides in Uganda and other nations.
The World Investment Forum was graced by 700 attendees, who converged at the Human Rights and Alliance of Civilization Room, at Palais de Nation.
This forum which was organized by IFLAS initiative on blockchain for sustainable development, supported BCF, was the first blockchain session held at the World Investment Forum.
The Head of Blockchain Charity Foundation, Helen Hai said the foundation will ensure accountability and transparency in delivery;
”Donations through the BCF platform will ensure full transparency, accountability and direct reach to end recipients,” ”BCF will leverage blockchain technology to help fill the UN SDG funding gap and directly empower over one billion people living in poverty. We believe poverty is not a destiny.”
Tron CEO, Justin Sun, was among the executives, who graced the occasion. Tron foundation donated the sum of $3million, to support the blockchain effort for charity.
TRON Foundation✔@Tronfoundation
TRON is proud to join @binance in discussing the implementation of blockchain innovation to the non-profit sector at the #WIF2018. Leaders @cz_binance and @justinsuntron are paving the way to utilize tech for social good. @UNDP #TRX https://finance.yahoo.com/news/binance-unveils-blockchain-based-donation-160000702.html …
Mr. Sun in a short speech pledged his support for the goal of the foundation;
”All of us here have made the decision to be leaders in shaping blockchain technology for social good,” said Justin Sun, CEO of Tron Foundation. ”Binance Charity Foundation is taking substantial steps in that direction by increasing the transparency of donations so we can see where the goodwill of the donors is going and what impact it has.”
Binance CEO, Changpeng Zhao, in his presentation said, that transparency is key, for the foundation to achieve its 17 sustainable Development goals.
He said their process transparent and enables the monitoring of flow of funds from donors to recipients.
”Conceptually, it is easy to track the flow of funds through the layers and we can make this 100% transparent. At the same time, for anything Binance is involved with, we pledge that 100% of donations will go to the end beneficiaries, and all costs will be covered by Binance, the company and the foundation.”