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Charity Blockchain: The Practice of the Public Trust by China's No. 1 Public Welfare Digital Platform

In: Innovation of Digital Economy

Author

Listed:
  • Junxin Yan

    (Jiliang University)

  • Minjun Teng

    (Jiliang University)

  • Shiting Lin

    (Jiliang University)

Abstract

The “Internet plus public welfare 3.0 era” featuring “universal participation” and “joint creation” has arrived. However, the issue of trust in public welfare has become increasingly prominent. How to build a trust mechanism has become an urgent and important issue, so as to stimulate the good energy of the Internet plus public welfare and promote the iteration and upgrading of the public welfare model. On September 5, 2019, Alibaba Public Welfare and Ant Financial blockchain team launched the “Charity blockchain"(CBC) for the first time. Its purpose is to provide public welfare organizations and public welfare projects with open and transparent systematic solutions. It is currently the first domestic full link that can trace the whereabouts of donations to innovative technology platforms. CBC is committed to promoting public transparency and public trust, and has become the number one public welfare digital platform on the Internet. So, how does CBC proceed from the realistic demands of the development of a harmonious society in contemporary China, build a sound and scientific public welfare process and standard scheme based on blockchain technology and platform, practice the original aspiration of public welfare, take responsibility for trust, and build a sound public welfare system?

Suggested Citation

  • Junxin Yan & Minjun Teng & Shiting Lin, 2023. "Charity Blockchain: The Practice of the Public Trust by China's No. 1 Public Welfare Digital Platform," Management for Professionals, in: Jianlin Zhang & Kezhen Ying & Kanliang Wang & Zhigang Fan & Ziyi Zhao (ed.), Innovation of Digital Economy, pages 281-296, Springer.
    • Handle: RePEc:spr:mgmchp:978-981-99-1741-9_22
    DOI: 10.1007/978-981-99-1741-9_22
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