Can public welfare go up the chain?

Editor's Note: This article comes fromHoneycomb Finance News (ID: fengchao-caijing), Author: Hoho, reprinted by Odaily with authorization.

Editor's Note: This article comes from

Honeycomb Finance News (ID: fengchao-caijing)

Honeycomb Finance News (ID: fengchao-caijing)

, Author: Hoho, reprinted by Odaily with authorization.

At present, many caring people and local governments are helping Wuhan, the hardest-hit area of ​​the epidemic, through donations. However, the Red Cross Societies of Hubei and Wuhan have caused public doubts many times due to problems such as unreasonable distribution of materials and opaque inventory reserves.

Many blockchain professionals believe that "blockchain + public welfare" can solve the above problems, realize point-to-point donation, and donate money and materials can be checked and traced at any time.

At this stage, platforms such as Duxiaoman Blockchain and Easychou all use alliance chains to explore blockchain public welfare. Li Feng, head of the Du Xiaoman blockchain, said that the alliance chain can open up data, funds and processes between collaborators, and at the same time open the access to ordinary public welfare users on the chain to realize the flow and flow of funds or donations. suitable solution.

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The Red Society was criticized by netizens for proposing public welfare on the chain

"The Red Cross is unreliable. Can public welfare be put on the blockchain to realize network-wide supervision and peer-to-peer donation?" In the face of the severe situation of the new crown pneumonia epidemic, some chain circle netizens put forward the above ideas.

On February 4, the Hubei Provincial Commission for Discipline Inspection and Supervision issued a circular stating that the relevant leaders and cadres of the Provincial Red Cross Society had failed to take responsibility and act in the work of receiving and distributing donations during the epidemic prevention and control period, violating the "three major and one major" regulations, information The three leading cadres were punished for disclosing mistakes and other issues of dereliction of duty.

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The Hubei Provincial Commission for Discipline Inspection and Supervisory Committee punished relevant personnel of the Provincial Red Cross Society

Previously, the Red Cross Societies of Hubei Province and Wuhan City had encountered controversy many times due to the way they acted.

The serious imbalance in material distribution ignited the anger of netizens. Later, when a reporter from CCTV visited the warehouse of the Wuhan Red Cross Society, he was obstructed by security guards, which put the Red Cross Society in the spotlight. In the eyes of the outside world, the Red Cross Society has failed to fulfill its responsibilities, distributing materials unreasonably, and not being transparent about the source and whereabouts of donations, gradually losing credibility.

Rachel, a member of the blockchain public welfare organization and a market operator of the public chain project TOP Network, revealed to Honeycomb Finance that during the work of aiding the epidemic area, the organization has discussed the issue of public welfare on the chain.

"We now have the resources of the material channel, and we have also connected with many hospitals with real needs. Since everyone is a blockchain practitioner, it is natural to try to put public welfare actions on the chain to improve transparency." However , she also admitted that it is not easy to build a public welfare chain in a short period of time, "Public welfare is a long way to go, and careful consideration is needed in technology development and system establishment."

Hao Tian, ​​a member of PeckShield, a blockchain security team, also believes that blockchain public welfare is a natural landing scenario, because public welfare requires transparency, traceability, and traceability, and blockchain can provide these features.

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In the eyes of industry insiders, there are two types of models for applying blockchain to public welfare undertakings. One is to use blockchain for empowerment on the basis of the original public welfare projects; the second is to develop a blockchain public welfare platform, establish a Token economic model, and completely practice the whole process of blockchain public welfare.

At present, most explorers of blockchain public welfare, such as Baidu’s Du Xiaoman Blockchain and Ant Financial’s Alipay Love Donation Platform, have adopted the first method, that is, to develop blockchain technology to make traditional public welfare The project realizes openness and transparency, and information cannot be tampered with and traceable.

The Du Xiaoman blockchain adopts the alliance chain technology solution. Li Feng explained, “Donations, payment platforms, foundations, support education groups and support teachers form a project alliance chain as participants. Funds start from donations to the withdrawal of support teachers, and all circulation information is stored in the form of blockchain. certification, transfer and traceability, allowing multiple parties to verify and verify funds at any time."

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Traceability process of Du Xiaoman Northwest Yunnan Education Support Project

From the above traceability process, using the blockchain traceability service platform, donation users can check the whereabouts of donations at any time, thus ensuring the realization of peer-to-peer donations.

An example of tracing the source of the Northwest Yunnan Educational Mission Project

So, can a public chain be specially developed to run all donation and disbursement processes on the chain? Li Feng admitted that it is difficult to achieve in a short time. He said that the public welfare itself at this stage is a very complex and systematic issue, involving a huge system of all parties, including funds, logistics, supply chain, monitoring, etc., and it is unrealistic to be completely based on the blockchain.

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Blockchain + public welfare cannot be "disintermediated" for the time being

Chain Tower Think Tank once issued an article stating that the application of blockchain in public welfare scenarios can not only track the whereabouts of donations and materials, but also help establish credit relationships among all parties. In actual public welfare, there are some fake recipients who falsify their personal information. Financial status, etc. to defraud donations. Then the real identities of all parties can be checked through the identity authentication information system, and cannot be tampered with, and a penalty mechanism is set up to increase the cost of counterfeiting. In addition, smart contract technology can be used to automate on-chain payment and improve the efficiency of public welfare projects.

However, these are only the A side of public welfare on the chain. On the road to the seemingly natural fit of blockchain + public welfare, there are still many practical problems.

Hao Tian believes that it is difficult to achieve disintermediation for blockchain public welfare, and a third-party authority is still needed. He said that it is not a big problem to build a public welfare chain through the existing technology. orderly and rational.

"At present, a series of difficulties are actually offline, and a reputable third-party intermediary agency is needed to control and execute all of this. The cost of bookkeeping and management can only be given to the executive agency in the smart contract. Transparent and open publicity."

In Hao Tian's idea, this third-party organization can design a voting impeachment mechanism, similar to super node voting, and conduct rotation elections. "But the premise is that the third-party organization must be credible, and it may be more appropriate for the state to lead."