Research report | Breaking the charity problem, blockchain is a good tool for good governance

Key takeaways:

1. With the deepening of society, charity has the role of alleviating social contradictions and solving social problems. China's philanthropy has gone through four major stages, including government endorsement, corporate support, Internet support, and blockchain philanthropy. In recent years, the total value of social philanthropy and the number of social organizations have been increasing.

2. However, charity and public welfare became sensitive words at one time, and problems such as fraudulent donations, fraudulent donations, unknown financial information of public welfare organizations, and lax running of crowdfunding platforms were encountered. These problems reflect the weaknesses of the current low level of organizational credibility and insufficient information disclosure of charities. To address these issues, improving transparency is the current breakthrough.

3. To solve the problem of charity, we need to start with two parties, one is a comprehensive legal system, and the other is advanced technology. China has promulgated the "Charity Law of the People's Republic of China" since 2016. Since then, it has gradually established comprehensive supporting policies and laws around the law. In terms of technology, many enterprises in China have used blockchain technology to solve the current problems of charity. Blockchain mainly affects charity from three aspects: transparent information, traceability, information sharing, information authentication, and management. This report describes related landing applications based on these three broad categories.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Three major domestic virtual currency exchanges focus on compliance business and actively engage with local governments and state-owned enterprises

China Times (www.chinatimes.net.cn) reporter Ran Xuedong trainee reporter An Lingfei Beijing reports The currency cir...

Blockchain

report! This 14,000-person hacker organization is eyeing the exchange | DVP hackers are coming to an end

According to Baihuhui, in 2018, the economic loss caused by security problems in the digital currency industry was 2....

Blockchain

UK Finance Minister: FCA has the final decision on whether to implement the ban on crypto derivatives

According to Cointelegraph's October 22 report, the UK government recently stressed that it is up to the regulat...

Blockchain

The second phase of the fire coin Prime project led the disputed person to claim that two exchanges were “strong”

Huobi Prime's second phase project started with a long-awaited call, and was fixed as Newton Project. The inside...

Opinion

Research on the major wallet risks of Binance, KuCoin, and Jump: Are assets stored in large institutions 100% safe?

Undoubtedly, mainstream exchanges and institutions have invested a significant amount of funds and manpower in networ...

Blockchain

Research Report | Exchange Industry 2019 Q1 Report

In the first quarter of 2019, the digital clearing exchange industry changed dramatically. After a long bear market i...