Too Long; Didn't Read
There are fundamental flaws with current models of providing international aid to developing countries. Problems include a lack of transparency, mismanagement of funds, corruption, and greed. Technology can be an answer, but only if critical issues can be addressed first. The BitGive Foundation uses bitcoin and blockchain technology to allow donors to trace donors' transactions on a public platform in real-time in real time. Donors can see how funds are spent and ensure they reach their final destination and ensure the most amount of monetary aid actually reaches those that need it the most.