Skip to main content
Submit a signal

Charity donations to be recorded on blockchain in China

by Futures Centre, Oct 14
1 minute read

Ant Financial, the finance affiliate of the Chinese digital marketplace Alibaba Group Holdings Ltd, has created a private blockchain to record charity donations linked to Alipay (a PayPal equivalent) on its platform Ant Love. With this platform, users will be able to track their donations.

Ant Financial is building a public ledger to record the transactions, but for now access to it is limited to Ant itself. In future, Bloomberg reports, the company aims to grant access to other charity organisations and auditors.

Details

by Futures Centre Spotted 1998 signals

Have you spotted a signal of change?

Register to receive the latest from the Futures Centre.
Sign up

  • 0
  • Share

Related signals

Our use of cookies

We use necessary cookies to make our site work. We'd also like to set optional analytics cookies to help us improve it. We won't set optional cookies unless you enable them. Using this tool will set a cookie on your device to remember your preferences.

For more detailed information about the cookies we use, see our Cookies page.

Necessary cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytics cookies

We'd like to set Google Analytics cookies to help us to improve our website by collecting and reporting information on how you use it. The cookies collect information in a way that does not directly identify anyone. For more information on how these cookies work, please see our 'Cookies page'.

>