Chinese Government to Use Blockchain for Tracking Charity Donations by 2019
China plans to use blockchain technology for its state charity donations tracking by the end of the year.
As part of the latest initiative involving the use of blockchain tech at a state level, the MCA’s four-year plan through 2022 pledges to “explore the use of blockchain technology in charitable donations, charity tracking, transparent management” and elsewhere.
Officials will also “build a tamper-proof charity organization information query system and enhance the authority, transparency and public trust of information publishing and search services.”
Blockchain will take priority within the plan, with the system monitoring charitable donations to be upgraded by the end of this year. The plan confirms that the blockchain tech component was chosen to “complete the new round of the ‘Charity China’ platform’s upgrade.”
Various blockchain plans continue to surface from the Chinese government this year, despite an ongoing crackdown on cryptocurrency and its associated technology.
As Cointelegraph has reported, popular social network WeChat blocked the sales channel of Bitcoin (BTC) mining giant Bitmain this week, the latest in a series of crackdowns following new demands on how crypto can be promoted from Beijing in late August.
At the same time, last week China’s Supreme Court ruled that evidence authenticated with blockchain technology is binding in legal disputes.