Chinese Government is planning to upgrade his charity donations platform using blockchain technology.
The country’s Ministry of Civil Affairs (MCA) revealed its intentions in an action plan for 2018–2022 Monday, September 10.
The aim is to use the distributed ledger technology (DLT) to improve the authority, transparency and public trust of information published and search services.
As reported the plan is to conclude complete the new round of the ‘Charity China’ platform’s upgrade by 2020.
“In 2020, using advanced technology to record the entire information of the charity project, and promoting the network to collect donations from the hands of the donors to the recipients, the whole process can be traced. Interoperability, intelligent statistics and transparent supervision will enhance the social credibility of charitable organizations and charitable projects.”
The move comes after a series of scandals in Chinese philanthropy in recent years, as for example a scandal in 2011 that involved an employee who allegedly worked for a Chinese Red Cross, a government organization that is the country’s largest charity affiliate, flaunting wealth on social media.