Chinese government to use the blockchain to monitor charitable donations by 2019

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China plans to implement the blockchain as part of a review of its charity monitoring system, the country's Ministry of Civil Affairs (MCA) revealed in its action plan on Monday 10 September.

As part of the latest initiative involving the use of blockchain technology at the state level, the four-year plan of the MCA until 2022 is committed to "exploring the use of blockchain technology in charitable donations. , in monitoring of charity, in transparent management "and elsewhere.

Officers will also "build a tamper-proof test system to query information of the charitable organization and improve the authority, transparency and public trust of information publishing and search services."

Blockchain will have priority in the plan, with the monitoring of charitable donations to be updated by the end of this year. The plan confirms that the blockchain technology component has been chosen to "complete the new round of the" Charity China "platform update.

Several blockchain plans continue to emerge from the Chinese government this year, despite a of lives in progress on cryptocurrency and its associated technology.

As Cointelegraph reported, the popular social network WeChat has blocked this week the sales channel of the mining giant Bitcoin (BTC) Bitmain, the last of a series of repressions following the new demands on how the cryptography can be promoted by Beijing late August

At the same time, last week the Chinese Supreme Court ruled that the authenticated tests with blockchain technology are binding in litigation. [19659008] window.fbAsyncInit = function () {FB.init ({appId: & # 39; 1922752334671725 & # 39 ;, xfbml: true, version: & # 39; v2.9 & # 39;}); FB.AppEvents.logPageView ( ); }; (function (d, s, id) {var js, fjs = d.getElementsByTagName (s) [0]; if (d.getElementById (id)) {return;} js = d.createElement (s); js.id = id; js.src = "http://connect.facebook.net/en_US/sdk.js"; fjs.parentNode.insertBefore (js, fjs);} (document, & # 39; script & # 39 ;, & # 39; facebook-jssdk & # 39;)); [ad_2]Source link