IOST vs CoronaVirus: AIOU’s Charity Information Disclosure Platform Officially Launched
The coronavirus epidemic is affecting billions of people in China and beyond, and people worldwide is trying to help by donating materials in need. However, traditional charities are usually inefficient, insufficiently open & transparent and slow & questionable in the matter of distribution. Their credibility was further compromised due to the recent case of Wuhan RedCross organization.
As a blockchain technology company, IOST is fully aware of its social responsibility and deeply cares about the epidemic in Wuhan. Last week, Aiou Technology, a project in IOST’s ecosystem, launched a charity information disclosure platform based on blockchain technology, in conjunction with Ningbo and Changsha local governments, the China Enterprise Federation and China Software Association, to promote the transparency of charity organizations and contribute to the prevention and control of the epidemic.
The Fight Against Corona Virus Was Compromised Due To Long-Existing Problems
Corona virus can infect both animals and people and cause illnesses of the respiratory tract. The infections can range from the common cold to dangerous conditions like Severe Acute Respiratory Syndrome, or SARS, Middle East Respiratory Syndrome, or MERS also caused by a coronavirus.
- On December 8, 2019, a case of unexplained pneumonia was found in Wuhan.
- On January 9, 2020, the pneumonia pathogen was initially identified as a novel coronavirus.
- On January 23, in order to prevent the epidemic from further spreading by the high-density population movement brought in by Spring Break in China, Wuhan announced in the early hours of the day that it would “close the city” at 10:00, declaring quarantine.
Wuhan had instantly attracted the attention of all people throughout the country and numerous supplies swarmed to the disaster area. In addition to the funds allocated by the central government, there were also donations coming from home and abroad.
However, the situation did not turn out the way as expected by the public: on one side, there was a large number of donations of medical supplies, while on the other side, lack of material necessary to fight against the epidemic was reportedly in great short, with many hospitals directly and openly asking the community for help.
In response to the public request, the local Red Cross announced the distribution of the medical materials and in the process, exposed countless problems relating to poor donation usage, and numerous bureaucratic issues resulting in donations not reaching the intended recipients.
This substantially shattered the credibility of many charitable institutions and the general public became unwilling to make any more donations to such organisations and are now looking for other ways to donate and rescue Wuhan.
A series of problems emerged from this incident: flaws in information disclosure; poor donation distribution; barriers along the way transporting emergency supplies; etc. How can we solve these problems to make charities operate more efficiently, openly, and fairly?
IOST Against Corona Virus: Improve Transparency For Charities Using Blockchain Technology
Blockchain is essentially a distributed database with the advantages of being open, transparent, traceable, and difficult to tamper. With immutability and traceability at the heart of charity information disclosure, blockchain technology is the perfect candidate to improve the credibility of public welfare organizations.
As blockchain is a decentralized public ledger, by recording all donations on this ledger, donors and recipients can be effectively connected and everyone can check the flow of donated materials.
In addition, the use of blockchain smart contracts can also solve problems such as complex processes and black box operations in traditional charity projects. All the terms and execution process of the smart contract are formulated in advance and carried out under the absolute control of the system. The contract cannot be modified after deployment and neither party can interfere with the execution of the contract. Therefore, smart contracts can efficiently update real-time donation information and accurately execute each donation.
In response, to use technology to promote the transparency of charity and fight against the epidemic, the IOST’s ecosystem project Aiou Technology has joined the Ningbo and Changsha government, the China Enterprise Federation, and the China Software Association to launch a information disclosure platform based on the research and development of blockchain technology.
Aiou charity information disclosure platform will promote the transparency of charities and help the epidemic prevention and control. As the general public questions charity organisations for not being open nor transparent, blockchain technology can help restore the trust in charity industry by uploading material donation data and usage information to the blockchain, enhancing the transparency and credibility of the information
Aiou Information Disclosure Platform
Numerous institutions are on the Aiou information disclosure platform. Whenever some particular or an organization wishes to donate materials or funds to a certain institution, they just need to register on the platform and then they will be able to see the all donation details and also material reception & distribution processes details.
For more information, please visit: sy.aioukeji.net
In addition, through this platform, users can also view the summary information, the status of current donations and expenditures in real time. As described in this article, the entire process is completely transparent, traceable and cannot be tampered.
May the epidemic recede as soon as possible and all front line medical staff get back home safely; we also hope that with the help of blockchain technology, charity and public welfare can be more transparent, fast and accurate!