Looking at the new test of public welfare from the Luo Yixiao incident, blockchain technology may become a more reliable trustworthy public security

Less than a month after the internet celebrity anchor "fraudulent donations", Luo Yixiao once again dominated the WeChat Moments, and the initiator raised more than 2 million yuan in donations in just half a day. Then the plot took a turn, and various questioning voices emerged on the Internet, pushing this incident to the forefront.

In fact, cases of online "fraudulent donations" are not uncommon, and have had a serious impact on social trust.

How to prevent the emergence of the next Luo Yixiao ? This is a new test facing social charity. Technology may be a new outlet.

Blockchain technology may become a reliable “trusted public security”

In recent years, new forms of charity such as micro-charity and charity crowdfunding have emerged one after another, but the innovation and upgrading of the model have not solved the credit problem well, and the authenticity of the information and the background of the person seeking help cannot be considered.

This is not something that cannot be solved through technology. After Satoshi Nakamoto proposed the concept of Bitcoin in 2009, Bitcoin, which is not controlled by the central bank or any financial institution, has continued to be popular, and no security issues have occurred so far. The core technology of the Bitcoin economy, blockchain, is even more popular.

What is blockchain ? For example, blockchain can be compared to blocks or computers, or a person's computer equipment. These independent devices do not exist in isolation, but are assembled into a huge system. On these serial devices, when something happens, several people will participate in it, and they will record and store these things at the same time. Since there are more people participating and recording at the same time, the possibility of unilateral forgery will be relatively low, thus realizing that "trust can also be transmitted based on technology."

The reason why frauds such as fraudulent donations occur on online platforms is due to the lack of supervision and the concealment of some of the users’ personal information. Once blockchain technology is added to the platform, it can achieve “decentralization” and “self-proven fairness”, thus playing the role of information supervision through technology, making the platform more open and transparent, just like a “public security officer” who “sticks to his post” for all trust and security on the platform.

Blockchain technology helps charity become more open and transparent

Blockchain technology is favored by emerging public welfare platforms such as online mutual assistance due to its technical characteristics of decentralization, high security, immutability, traceability, and openness and transparency of information.

"Blockchain technology prevents the adverse consequences of trust overdraft from many aspects, from rule-making to process supervision to data tracing, solves the platform's trust security issues, and allows trust to be transmitted." Qiao Ke, founder and CEO of Zhongtuobang, introduced: The online mutual assistance model with "everyone for me, I for everyone" as the core is naturally compatible with blockchain technology.

In October this year , at the opening ceremony of the Youth Cultural and Creative Arts Festival of the Central Committee of the Communist Youth League, the online mutual aid platform Zhongtuobang proposed that it will launch a new product "Heart Chain" in the near future, using blockchain to strengthen the protection circle for charity.

"We use the advanced technology of blockchain to set up a security line for every donation, ensure the openness and transparency of the data of each payment and that the information cannot be tampered with. We protect the basic interests of users through complete risk avoidance measures, so that every kindness will not be in vain." said Qiao Ke.

It is understood that Zhongtuobang is currently the largest online mutual aid platform in China, with a total number of users exceeding 4 million. At the same time, Zhongtuobang is also the first platform in the online mutual aid industry to implement blockchain applications. In November , it became one of the "Top 10 Chinese Blockchain Platforms" together with Ping An Technology, Zhong An Insurance, Wanda Network, Ant Financial, and WeBank .

New public welfare models and new technologies are emerging continuously, and new technologies will also bring about upgrades and changes in the entire industry, forcing the industry to progress and develop. Blockchain technology represented by HeartChain may help public welfare and charity to be more open and transparent.

Qiao Ke said: "Heartchain technology is open to all public welfare and charity organizations for free and provides technical services to all public welfare and charity organizations."