China’s Ministry of Civil Affairs Considers Blockchain For Donation Transparency
China’s Ministry of Civil Affairs Considers Blockchain a Must for Trust Within Charitable Organizations
On Monday, September 3, China’s Ministry of Civil Affairs revealed its plans to integrate blockchain technology within the volunteer services and charitable industry. The need for such an implementation comes from the distrust people have in said organizations who have failed in terms of transparency and trackability of funds and how they are distributed.
The action plan dubbed, “Internet + Civil Service”, will be executed over the course of three years, 2018 to 2020. Ultimately, the plan will resolve problems such as “weakness, lack of information disclosure, and inadequate Internet services,” as per a translation. Based on the report, a social work information system will be commenced in 2019 with the necessary data compilation of various projects, brands and ideas.
By 2020, the system will have been established and it will become the country’s ultimate database which houses data related to China’s social work. The complete picture will depict a “supply and demand between social workers, instituitions, projects and service targets,” or simply put an interconnected link so to speak!
News outlet, Coin Desk also reported on this matter and it seems like the implementation of blockchain within the not-for-profit sector will be both a provincial and municipal effort. To eliminate the gap between the private and public sector, blockchain will be built into established “government charity databases […] operated by the private sector,” that way the general public also gets to see the actual differences being made.