Chinese Charities Turn To Blockchain…

Another example of Blockchain being adopted and used in the mainstream…this time charities in China…

Chinese charities turn to blockchain for transparency

“Clearly, there’s a need for more transparency in China’s charity sector. Which is where blockchain comes in; the Ministry of Civil Affairs has released an action plan for 2018–2022 that positions blockchain as one solution to improving transparency of social services and tracking charitable donations.

A health care donation platform called Qingsongchou, for example, is using blockchain to create an autonomous and decentralized community of social entrepreneurs and organizations by licensing its digital fundraising platform for free to small social organizations. Social organizations use the platform to launch their fundraising campaigns independently, but access to the donations are restricted, and may only be received by their beneficiaries through peer-to-peer transactions. The platform has helped small organizations to improve their visibility and credibility to the public.”

Master Asked on June 29, 2020 in Blockchain.
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