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Chinese blockchain startup FUZAMEI has launched a shared blockchain-based platform for tracing information, registration and storage.
Called “33 Charity”, the platform aims to improve the efficiency of charitable cooperation. By leveraging blockchain technology, it coordinates various parties including charitable organizations to enhance transparency and credibility of charity, and contribute to improving social trust.
According to a press release, the platform allows donors and donees to issue demands on the chain using their own names. For instance, hospitals can apply for certificates of authority (CA) through identity authentication agencies to obtain signatures, allowing donors to be aware of the exact needs of the facility. Meanwhile, CA certificates can also be matched with suppliers and logistic parties, thereby making the entire process open.
"'33 Charity' Tracing Platform allows each enterprise or individual to socialize their donations through the blockchain. It makes charity behavior open in the public, reshapes the social trust system and allows the spirit of charity to be passed along: the first step towards charity transparency," the release said.
FUZAMEI believes that the charity platform can help with personal credit investigation by mapping details such as citizen contributions, volunteer credits and even blood donation certificates using blockchain.
In addition, in the wake of the coronavirus outbreak, the company has donated RMB 40,000 and purchased RMB 60,000 in medical materials for Hubei charity organizations. A number of other entities, including Binance, Krypital, Hyperchain, and others, have also joined the fight against the epidemic, Cointelegraph reported.
Meanwhile, China will soon be launching a state-backed Blockchain Service Network (BSN) in April. The project is aimed at creating a trustworthy public infrastructure that will support smart cities and the digital economy. Also, it aims to lower the technical and economic costs associated with developing blockchain applications.
