The intention is to have a platform to ensure the donation process is immutable, traceable, and reliable.
Hyperchain, a technological company founded in 2016 that works developing blockchain solutions, announced the launch of a platform to fight against the coronavirus epidemic. It will serve as a portal for medical supply donations to support hospitals in central China.
The news about this blockchain-based platform was announced in a press release recently issued by Hyperchain. Together with Fuxing Group, Xiongan Group, and other enterprises, Hyperchain decided to build a platform to ensure the donation process is immutable, traceable and reliable.
For donors, it is very important to trust the platform where they will donate. For this reason, the idea is to create a transparent portal to exchange information safely. This allows donors to see more thoroughly where their funds or donations are going.
Besides, this blockchain-based platform will provide proof of need and proof of receipt to ensure that the donations are conducted immediately to the intended party or the people and institutions that need it.
Hangzhou Qulian Technology Co., Ltd, known as Hyperchain, is a high-tech company that provides technical products. It specializes in developing the underlying blockchain platform, the security and data-sharing platform, the Backend as a Service platform (BaaS), the supply chain finance Software as a Service (SaaS) platform, and digital evidence service platform.
Chinese Startup Donates USD 14,000
Chinese startup FUZAMEI launched a blockchain-platform called “33 Charity” for tracking and managing data, where organizations can register, store and manage information about individuals.
During the launch of this platform, FUZAMEI announced a 100,000 Chinese yuan (USD 14,280) contribution for fighting against the coronavirus. The company spent 60,000 Chinese yuan (USD 8,500) of that sum on medical supplies.
FUZAMEI previously announced that it had applied for more than 300 blockchain patents. almost 295 of these patents were published, and eight of them were authorized for the operation stage last November.
Some crypto firms have contributed to fight against coronavirus. Major crypto exchange Binance also donates 10 million Chinese yuan (equivalent to USD 1.44 million) to help fight and investigate against the coronavirus, according to local media.
Another company launched a charity donation effort to acquire medical supplies for Wuhan coronavirus victims. This is the blockchain marketing service firm Krypital. About this aspect, Krypital announced it will create a blockchain-based donation system that allows obtaining greater transparency and efficiency storing information and data regarding this disease.
More than 600 people have died because of coronavirus infection in China. There are almost 3,000 people infected, but the OMS says it is not a pandemic yet. Doctors are still not getting enough crucial medical supplies so this is the reason why more people want to donate and help accomplish this objective.
The potential of blockchain technology to ensure fairer, more equitable aid and distribution of donated funds has been recognized by leading organizations around the world, such as the United Nations, the Red Cross, and the World Wildlife Fund.
This is another example of how blockchain technology currently helps with charitable donations and storing vital information for medical purposes. This is a technology that is more and more present in the medical sector and everyday life.
By María Rodríguez