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

Crazy currency contract: leverage up to 125 times, and overnight positions of 2 billion US dollars

Text: Ratchet Source: A blockchain 100 times leverage, 125 times leverage … More and more players in the curren...

Blockchain

Get Ready for a Jaw-Dropping 90% Asset Return by Q2 2024 FTX Customers in for a Thrilling Ride with New Amended Proposal!

Exciting news for customers of defunct cryptocurrency exchanges FTX and FTX.US - an updated proposal offers hope of r...

Opinion

Unveiling the FTX Empire's 'Second-in-Command' The Glorious and Falling Journey of Chinese Genius Programmer Gary Wang

What has Gary Wang gone through, from being a close friend of SBF to becoming the COO of FTX and a key witness?

Blockchain

"Gemini" Risk Control Interview: How the Traditional Financial Regulatory Framework Maps to the Crypto Industry

Source: Yahoo Fiance Original author: Daniel Kuhn Translator: Moni Source: Odaily Planet Daily Bakkt Bitcoin Options ...

Blockchain

In-depth explanation of Web3 game engine: Origins and development status of racing tracks, as well as network effects.

We are pleased to see the development process at every level, the release of new games, and the emergence of new engi...

Blockchain

Exchanges are temporarily withdrawing cash, data is garbled, or the Amazon server failure in Tokyo

According to Yahoo Japan, the Amazon Web service failed at around 13:00 on August 23, 2019. The service that failed w...