Six blockchain application scenarios in China
Charity fund guarding
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A charity exhibition, featuring stylish panda sculptures, is held at Chengdu IFS in Southwest China's Sichuan province on Jan 14, 2014. The 20 panda sculptures, designed by 20 celebrities and fashion leaders, will be auctioned to raise money for a giant panda disease and control center in Dujiangyan. [Photo/China News Service] |
Qschou.com, a crowdfunding site serving critically ill patients, is using blockchain technology to help streamline the process and show where the money raised on its platform goes, China Daily reported on Aug 31.
"By using blockchain, or light chain as we call it, people who donate cash will be able to track their donations and see it goes to the right places," said Yu Liang, chief operating officer at Qingsongchou Network Technology Co Ltd, which 'operates' the site.
