Ant Financial: Blockchain technology will be launched soon, first applied to Alipay

Sina Technology reported on the afternoon of July 9 that at the first Global XIN Charity Conference held in Hangzhou, Ant Financial stated at the "Internet Charity" sub-forum that blockchain technology will soon be launched and will first be applied to Alipay's charity donation platform.

Ant Financial is about to launch blockchain

Due to the advantages of blockchain technology, it is believed to help solve the transparency and trust issues of public welfare in Chinese society as a whole. Ant Financial said that the blockchain technology to be launched will be used on the Alipay Charity Donation Platform, with the aim of recording the life cycle of each payment on the blockchain.

At the sub-forum, Ant Financial also proposed to be a "patient capital".

According to the introduction, "patient capital" is a new public welfare model between traditional investment and traditional charity. It is a long-term investment method that aims to maximize social impact. Compared with traditional public welfare, this model is more helpful for the supported public welfare organizations or projects to gain self-sufficiency and make the public welfare effect sustainable.

In June this year, Ant Financial President Jing Xiandong proposed the concept of "patient capital".

It is reported that Ant Financial and Zhonghe Rural Credit Cooperative, a subsidiary of the Poverty Alleviation Foundation, have reached a strategic cooperation and plan to promote the "Internet + Targeted Poverty Alleviation" model to more than 300 national and provincial poverty-stricken counties across the country within three years.

In addition, Sesame Credit, an independent third-party credit reporting agency under Ant Financial, shared its views on the current credit status of college students at the forum.

In recent years, with the rapid development of Internet finance, college students have more opportunities and convenience to participate in financial activities, and credit problems such as over-consumption and multiple loans have also occurred frequently. Data and surveys show that the vast majority of college students have never been exposed to systematic credit education and have a weak credit culture.

Sina Technology learned that in November last year, Sesame Credit and Shanghai True Love Dream Charity Foundation jointly established the "Sesame Credit Special Charity Fund" (hereinafter referred to as the "Sesame Credit Fund"). Sesame Credit said it plans to invest 10 million yuan in three years to launch the country's first "credit course" for college students.

The credit course is independently recruited by the student project manager, who organizes the lectures and manages the course progress. The trained student lecturers iteratively update the course content and teaching methods in the teaching practice. The Sesame Credit Foundation is responsible for providing professional knowledge and teaching materials.

Since the project was launched in September 2015, the Sesame Credit education curriculum system has been implemented in 40 universities in 17 provinces and cities across the country, with a total of 122 courses opened and nearly 4,000 students participating.

According to the relevant person in charge of Sesame Credit, "The three-year plan is only a beginning. We have the patience to start from personal credit awareness, cultivate group credit behavior, and ultimately contribute to the construction of the national credit system." (Xu Li)