The Chinese government has announced plans to implement blockchain technology in the country's charity tracking system.
China uses the blockchain to track charitable donations
The Ministry of Civil Affairs (MCA) of China, the ministry in charge of social services, announced on Monday that the country plans to implement blockchain technology as part of a move to revise China's charity monitoring system.
China's MCA is planning to adopt blockchain technology to upgrade its current charity tracking system
The move to improve the country's charity tracking system comes at a time when activities Charities of China have been mired in controversy after the online scandals in recent years have led to public distrust of the system.
The MCA announced a four-year project promising
"Exploring the use of blockchain technology in charitable donations, monitoring of charity, transparent management."
Announced that the & # 39; implementation of the blockchain for the update of the national charity tracking system would start by the end of 2018, with the completion of the project planned for 2022.
The use of the blockchain by the MCA
According to the MCA, blockchain technology is a priority in its plan to revise the country's charity tracking system.
The plan also confirms that the blockchain technology was chosen to "complete the new round of upgrading the" Charity China "platform.
As part of its adoption of blockchain technology, the MCA notifies to the provincial and municipal agencies that the blockchain network will integrate the existing government charity databases
The blockchain network will also extend to all levels with online donation services run by the private sector.
The government agency Believes that, by doing so, data on charitable donations made through a variety of services will become available to the public faster using a distributed network.According to the report, its officials:
"will build a system for querying information about 39. Tamper-proof charity organization and will improve the authority, transparency and public trust of publication services and search for information. "
Similarly, Internet giants such as Alibaba and Tencent have also launched their donation services (a mobile application) to make donor stories, charity disclosures and other data transparent.
Yes, a blockchain, no a cryptos
The Chinese government has fiercely broken up against cryptocurrencies, despite this, several Chinese government plans have emerged in the year to use blockchain technology.
The China Supreme People's Court recently ruled that blockchain registries relating to court trials are considered admissible evidence in court.
new ruling is particularly relevant for Internet-based legal cases that may present difficulties regarding the accuracy of evidence and in training presented to the court.
In the meantime, as reported, the popular Chinese social network WeChat has blocked the sales channel of the mining giant Bitcoin (BTC) Bitmain this week.
This follows the latest in a series of repression by the Chinese government on cryptocurrencies. In August, regulatory authorities impose new demands on how to promote encryption from Beijing.
The mixed decisions of the Chinese government support what many define as a "pro-blockchain, anti-crypto" position by the Chinese government.