Observation | Blockchain technology empowers epidemic prevention donations: how are Xiong'an Group and Alipay doing?

Source: Securities Daily

Author: Li Bing

The trust mechanism of the blockchain is bringing credible connections to epidemic prevention donations.

A few days ago, information from the official website of China Xiong'an Group revealed that a charity donation management traceability platform has been launched. In the fight against the epidemic, blockchain technology has been used to improve the transparency and credibility of donation information.

In addition, a reporter from Securities Daily learned from Alipay that it has recently launched an epidemic prevention material information service platform. At present, the Zhejiang Medical Materials Guarantee Group has launched the first list of material needs, and there is also the application of blockchain technology behind it.

Dong Ximiao, a specially-appointed researcher of the National Finance and Development Lab, told the Securities Daily reporter that "the current blockchain technology has played a role in many aspects such as public services, social governance, and supply chain management."

Blockchain technology

Make material donations more transparent and credible

At present, emergency medical supplies in many places across the country are affecting the hearts of the people throughout the country. Transparency in the management, allocation, and donation of materials has also attracted much attention. In this outbreak, how to achieve multi-party point-to-point collaboration with transparent and efficient information throughout the process has become a new challenge.

According to information from the official website of China Xiong'an Group, a traceability platform for charitable donation management was launched a few days ago. In the fight against the epidemic, blockchain technology has been used to improve the transparency and credibility of donation information.

Data show that China Xiong'an Group Co., Ltd. is a wholly state-owned enterprise established by the Hebei Provincial Government with the approval of the State Council on July 18, 2017. It has an initial registered capital of 10 billion yuan and currently employs more than 260 people.

According to reports, the charity donation management traceability platform was led by China Xiong'an Group Digital City Company and FunChain Technology Company. Haier Zhijia, Fosun Financial Services, Sunshine Credit City and other organizations jointly initiated the initiative. The technical characteristics of the chain improve the transparency and credibility of donation information, and optimize the entire process from issuing donation needs to receiving donations, tracing and managing the donations of various social institutions and the use of donation funds, and providing the whole process of publicly traceable, traceable, Feedbackable regulatory approaches to help prevent and control the epidemic.

"Securities Daily" reporters logged on to the charity donation management traceability platform and found that the platform currently has a total of 747.78 million yuan in love donations, 521 donations in love, and 118 projects in need of donations.

In the completed list of love donations, the reporter of "Securities Daily" noticed that the earliest donations were donated by Hangzhou FunChain Technology Co., Ltd. The recipient was the Central Theater General Hospital (Wuchang Park). The donation time was on the evening of February 6. 19:39:33, and the logo has been deposited in the Feilo Blockchain.

Among the donations to be donated, taking Nanjing Jiangbei People's Hospital as an example, the required materials include medical N95 masks, medical surgical masks, protective masks, and other donation contact information. "Securities Daily" reporter noticed that in each donation completed and pending projects, the platform displays the corresponding block information, block height, unique identification of the certificate and the time of the chain, also marked the need At present, the certificate has been deposited in the Feilo Blockchain.

In addition, according to the "Securities Daily" reporter, Alipay recently launched an anti-epidemic material information service platform, which is different from other material information platforms and uses Ant Financial's blockchain technology innovatively.

"Securities Daily" reporter searched the platform and found that at present, the Zhejiang Province's medical material security team has launched the first list of material requirements, including medical masks, protective clothing, work caps, disposable isolation clothing, disinfectant, etc., the update time is February 4.

Alipay told reporters that the platform, led by the Zhejiang Provincial Health and Construction Commission and the Economic and Information Bureau, will review the information on the demand, supply, and transportation of materials and store the certificate on the chain. At the same time, Alipay also provides blockchain program power to the epidemic-related small program developers for free forever and special funding support.

In the column of "I want to donate" in the Alipay epidemic prevention information service platform, as of press time, there are 31 projects, of which 2 projects are in the process of fundraising, 1 project is in the process of registration, and the rest are those that have completed the fundraising. project. In the ongoing fund-raising project-"Combat Epidemic, Action Gan Jiang", journalists were able to see the real-time update of donated money, and related disclosures were also made to the registration number of public welfare institutions and fundraising schemes.

Dong Ximiao emphasized to reporters: "Because blockchain technology is open and transparent, difficult to tamper with, open and interconnected, easy to trace back, algorithm trust and other advantages, it has broad application prospects in digital finance, public services and social governance."

Blockchain technology in charity

Has greater application value

Chen Wen, deputy director of the Inclusive Finance and Intelligent Finance Research Center of Southwestern University of Finance and Economics, told the Securities Daily reporter that "traditional charitable donations are prone to fraud and corruption, and are also prone to violations of donors’ wishes, and are not easy to trace. Especially for small donations, it is difficult to monitor whether the donated materials really flow to the designated recipients. In addition, the efficiency of traditional charitable donations cannot be guaranteed. "

Taking material donation as an example, the flow of materials from the donor to the recipient includes warehousing, delivery, and confirmation of supply and demand. At present, all aspects have not been well integrated.

According to the "Securities Daily" reporter, the technical logic behind Alipay's on-line epidemic prevention information service platform is that one party issues a list of needs, and the moment one party enters the logistics link, the information starts to be chained, and every link where the materials go 2. The confirmation by the operator is displayed on the chain. In public health emergencies such as pneumonitis infected by a new type of coronavirus, the recipient may not be the final recipient, and must be distributed through the unified management of a third party. However, no matter how many links go through, the blockchain's entire record is kept, the parties confirm that it can't be changed, and can be traced efficiently. It can solve the complex problem of multi-point collaboration without leaving any links into the black box.

According to the relevant person in charge of China Xiong'an Group Digital City Company, the charity donation management traceability platform is mainly aimed at the three major problems of charitable donation and fighting the epidemic: “difficulty in demand, donation in place, and hard to believe by the masses”. The whole process, including the whole process of "seeking donation-donation docking-issuing donation-logistics tracking-donation confirmation".

In addition, it is understood that the platform also provides a convenient and fast on-chain information browsing entrance, and provides an open donation information query service for everyone. The key donation data in the platform have been uploaded to the chain and stored, including all the platform sponsors. Everyone cannot tamper with the data on the chain. While ensuring the right of all sectors of the society to understand the internal information of the platform, the transparency and credibility of the donation behavior of the donor institution is improved.

Chen Wen said frankly: "Blockchain technology itself is to prevent moral hazard through full chain traceability, anti-tampering, etc., and to achieve transparency and visibility through multi-copy storage. In terms of widely questioned charities, it has a very large Value."

Dong Ximiao further pointed out, "From the perspective of application, blockchain technology should play its active role in education, employment, pension, precision poverty alleviation, medical health, commodity security, food safety, public welfare, social assistance and other fields to empower the real economy. From the perspective of the application form, the alliance chain may become the main form of future blockchain applications, and issues such as data collaboration on and off the chain should be gradually solved, and the research and development of the alliance chain should be strengthened. At the same time, it is necessary to strengthen The top-level planning and institutional arrangements for the application of blockchain technology accelerate the construction of related standard systems such as the underlying platform and business applications, so as to better participate in international competition and prevent the opportunity to deify and hype the blockchain. "