Jack Ma to Use Bitcoin Technology to Improve Chinese Charities’ Accountability
Alibaba founder and CEO Jack Ma, through Ant Financial, will start using blockchain technology used in Bitcoins to record donations and improve the accountability of Chinese organizations engaged in philanthropy, Bloomberg reported.
Cheng Li, Ant's chief technology officer said that they have started using the blockchain technology on a tamper-proof ledger to record the donations of more than 400 million users of Alipay, the company's online payment and investment service platform. He added that "Ant Love" charity donors can track their transaction histories, learn where their donations go and how the fund is spent.
Read more: http://en.yibada.com/articles/147441/20160801/jack-ma-use-bitcoin-technology-improve-chinese-charities-accountability.htm#ixzz4G8vpysBw
Alibaba founder and CEO Jack Ma, through Ant Financial, will start using blockchain technology used in Bitcoins to record donations and improve the accountability of Chinese organizations engaged in philanthropy, Bloomberg reported.
Cheng Li, Ant's chief technology officer said that they have started using the blockchain technology on a tamper-proof ledger to record the donations of more than 400 million users of Alipay, the company's online payment and investment service platform. He added that "Ant Love" charity donors can track their transaction histories, learn where their donations go and how the fund is spent.
Read more: http://en.yibada.com/articles/147441/20160801/jack-ma-use-bitcoin-technology-improve-chinese-charities-accountability.htm#ixzz4G8vpysBw
+1, great use of the blockchain.
