Chinese Ministry Eyes Blockchain Tech to increase confidence in the charitable sector


A Chinese government agency responsible for social services is planning to adopt blockchain technology for an update of its current charity tracking system – a move aimed at giving greater visibility to public donations.

The country's Ministry of Civil Affairs issued a Monday 2018-2022 action plan, which outlined several areas in which it aims to use Internet technologies to improve the transparency of service activities social.

Part of the plan indicates that the ministry will make a decision on a blockchain solution used to update the current charity tracking system by the end of 2018, with completion of the planned project by 2020.

The move comes at a time when China's charitable activities have been mired in controversy after the online scandals in recent years have led to public mistrust of the system.

In his plan, the ministry has notified the provincial and municipal agencies that the blockchain network will integrate existing government benefit databases at all levels with online donation services run by the private sector. In this way, data on donations made through a variety of services will become more visible to the public using a distributed network.

Currently, in addition to traditional charitable organizations, Internet giants such as Alibaba and Tencent have launched their donation services via mobile applications.

In fact, Ant Financial, the Alibaba affiliate, is already using blockchain to give visibility to donor stories, charity disclosures and other data, as previously reported by CoinDesk.

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