The Chinese government is set to carry out their plan by utilizing state-level blockchain tech to track charity donations, according to the latest report from the Ministry of Civil Affairs of the People’s Republic of China (MCA) on 10th September.
The implementation of blockchain is one of the latest initiatives from the MCA’s four-year action plan that begins from 2018 till 2022, which will “explore the use of blockchain technology in charitable donations, charity tracking, transparent management and other related matters.”
In addition to that, Chinese government officials will be monitoring closely by creating a foolproof charity organisation information query system while at the same time improving public trust and overall transparency of information publishing and search services.
The MCA’s plan also confirmed that the blockchain system used to monitor the charitable donations will be upgraded by the end of 2018. They also stated that the component of the blockchain technology was selected to “complete the new phase of the ‘Charity China’ platform’s upgrade.”
Established in May 1978, the Beijing-based MCA is responsible for handling administrative and social affairs in People’s Republic of China. The government agency has previously undergone two different name changes. The agency was first known as the Ministry of Internal Affairs of Central People’s Government in November 1949 before being rebranded the Ministry of Internal Affairs of PR China in September 1954. The current civil minister is held by Huang Shuxian, who has been in the position since 2016.