China uses Blockchain to boost charity trust

A Chinese government agency in charge of social services operates the Blockchain to update its existing charity tracking system. This movement should increase the visibility and transparency of public donations.

The general public is wary of the system

A four-year action plan (2018-2022) has been published by the Minister of Civil Affairs in China He describes several areas in which the government authority is considering exploring the use of Blockchain to improve the transparency of social services.

Following controversies over China's charitable activities that significantly reduce citizens' trust in charities, the country is trying to change the game. This initiative comes at the right time.

In addition, the ministry is expected to make a decision on the non-profit tracking system by the end of this year. It wants to take advantage of emerging technologies, including the large distributed registry. The completion of his project is planned for 2020.

Cooperation work

The ministry warned provincial and municipal agencies. He called on their collaboration knowing that the Blockchain network will integrate existing government databases on charities at all levels with private sector-managed online donation services.

The transmission of data on donations made through existing services will become faster and more visible to the general public thanks to the Blockchain.

Traditional charities aside, internet giants like Alibaba and Tencent have also created their own donation services through mobile apps.

Ant Financial, Alibaba's payment subsidiary, uses Blockchain to provide visibility into donor history, charity information and other data.

What do you think about using the Blockchain to build trust with charities? P artagez your opinion in the comments below.

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