China believes Blockchain can boost trust in charities

A Chinese government agency in charge of social services is planning to adopt Blockchain technology to update its current charity tracking system. In this way, it will be possible to give greater visibility to public donations.

The country's Ministry of Civil Affairs has issued an action plan for 2018-2022 outlining several areas in which it intends to use Internet technologies to improve the transparency of social service activities.

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

The measure comes at a time when China's charitable activities are in controversy after recent scandals have led to public distrust of the system.

The ministry has advised agencies that Blockchain will integrate existing government charitable databases at all levels with privately operated online donation services.

In addition to traditional charitable organizations, internet giants such as Alibaba and Tencent have also launched their own donation services through mobile applications.