Xiamen International Bank Wang Pengju: Data on charity is unlikely to affect donation efficiency

According to China Business News, Wang Pengju, chief information officer of Xiamen International Bank, said that data classification and processing through the smart contract layer can save communication resources and improve processing performance, and system delay can be effectively controlled at the millisecond level. In addition, using the scalability of the blockchain, newly-joined partners can deploy blockchain nodes locally, improving the efficiency of data query processing. Therefore, the data on-chain will speed up the collection of donation funds and automatic statistics and accurate feedback of fund utilization information, reducing the time and error opportunities required for manual statistics and operations. From this perspective, the possibility of affecting donation efficiency is relatively small.