Ant financial blockchain charity
Bayer Crop Science has agreed to work with Ant Financial, the payments affiliate of Alibaba, to develop a blockchain-based system for agricultural product monitoring. The companies signed a letter of intent to utilize blockchain technology to increase efficiency, improve the income of farmers, ensure the production of high-quality food and aid in the digitization of agriculture, according to a Sept. The agreement would bring together the portfolio and digital-farming technologies of Monheim am Rhein, Germany-based Bayer Crop Science, and the blockchain division of Hangzhou, China-based Ant Financial. Ant Financial, founded in , is 33 percent owned by Alibaba. Its brands include Alipay, one of the two dominant mobile payment services in China. The company has made a number of blockchain-related investments and announcements in recent years.
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Ant financial blockchain charity
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Content:
- Blockchain in China
- How Technology can Empower China’s Nonprofits
- Ant Financial has sent out nearly 600,000 blockchain electronic medical bills in the past two weeks
- Social Alpha Foundation (SAF)
- Ant Financial and Bayer to Jointly Develop Blockchain for Agriculture
- Blockchain Cures COVID-19 Related Issues in China
- Chinese charities turn to blockchain for transparency
- Charity donations to be recorded on blockchain in China
- Ant Group CEO Simon Hu just resigned, and the date is rather curious
- Alibaba Affiliate to Expand Blockchain Charity Project
Blockchain in China
Bayer Crop Science has agreed to work with Ant Financial, the payments affiliate of Alibaba, to develop a blockchain-based system for agricultural product monitoring. The companies signed a letter of intent to utilize blockchain technology to increase efficiency, improve the income of farmers, ensure the production of high-quality food and aid in the digitization of agriculture, according to a Sept. The agreement would bring together the portfolio and digital-farming technologies of Monheim am Rhein, Germany-based Bayer Crop Science, and the blockchain division of Hangzhou, China-based Ant Financial.
Ant Financial, founded in , is 33 percent owned by Alibaba. Its brands include Alipay, one of the two dominant mobile payment services in China. The company has made a number of blockchain-related investments and announcements in recent years. Early this month, Ant Financial said that it was developing a blockchain system for charity platforms, improving the transparency of the process and preventing charities from inflating their fund-raising totals.
Ant Financial is also working to utilize the blockchain for remittances , last year introducing a system for the transfer of funds between the Philippines and Hong Kong.
Bayer Crop Science, which acquired Monsanto in , has been actively working on the blockchain developments. Earlier this year, it signed a deal with BlockApps, a ConsenSys spinout. Source: CoinDesk. Sign in. Log into your account. Password recovery. Recover your password. Forgot your password? Get help. Global Ethical Banking. Share on Facebook. No information was provided about the size of the deal or the structure of the relationship.
How Technology can Empower China’s Nonprofits
The BIS hosts nine international organisations engaged in standard setting and the pursuit of financial stability through the Basel Process. In many countries, issuing and investing in bonds can be cumbersome and complex, involving many steps and parties, and typically requiring a considerable financial commitment from the investor. For those investing in environmentally friendly projects, there is uncertainty about whether the bond issuer is delivering the positive green impact it committed to at issuance. Also, there are typically no liquid and transparent secondary markets for retail investors. The BIS Innovation Hub and the Hong Kong Monetary Authority HKMA successfully developed two prototype digital platforms that bring to life the vision that an investor can download an app and invest any amount into safe government bonds, which will develop a green project. Over the bond's lifetime, the investor can not only see accrued interest, but also track in real time how much clean energy is being generated, and the consequent reduction in CO 2 emissions linked to the investment.
Ant Financial has sent out nearly 600,000 blockchain electronic medical bills in the past two weeks
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Social Alpha Foundation (SAF)
Ant Financial, the payments affiliate of e-commerce giant Alibaba, is moving to expand the scope of its blockchain-powered charity project. The project — spearheaded by Ant Financial's charity arm, Ant Love — was first unveiled last summer. At the time, the company said that it was tapping the tech in order to "bring more transparency to charity". Specifically, the platform is designed to enable greater visibility into donor histories, charity disclosures, and other kinds of information involved with such efforts.
Ant Financial and Bayer to Jointly Develop Blockchain for Agriculture
Ever wondered if the money you donated to charity is actually being used on the cause you want to support, or just squandered away? Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins. One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private permissioned. In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable.
Blockchain Cures COVID-19 Related Issues in China
The group's charity platform, Ant Love, will utilise blockchain technology for tracking donations to one project being funded through the site. It will record all incoming transactions to the charitable and philanthropic organisations in China via its payment service. Donations made to philanthropic organisations by more than million Alipay users will be recorded on the distributed ledger. This article is from the CBROnline archive: some formatting and images may not be present. Join Our Newsletter Want more on technology leadership? Sign up for Tech Monitor's weekly newsletter, Changelog, for the latest insight and analysis delivered straight to your inbox.
Chinese charities turn to blockchain for transparency
China's charity sector is booming; the country has the third-largest number of charitable donors in the world, according to the CAF World Giving Index In the Foundation Transparency Index , Chinese foundations scored an average of Other controversies followed; in , Spring Buds Project, a charity for educating girls from impoverished households, was found to be diverting funds to boys , while online appeals have been dogged by cases of fraud and abnormal donations.
Charity donations to be recorded on blockchain in China
Virtual worlds, subreddits, hacker collectives, DeFi protocols, and fashion houses all use Aragon to take their communities to the next level. A pioneering framework for frictionless DAO governance with on-chain execution and plug-in dispute resolution. The ultimate solution for creating and managing proposals and voting in a decentralized, cost-effective, and secure manner. Helping communities protect shared resources so they can focus on moving forward.
Ant Group CEO Simon Hu just resigned, and the date is rather curious
So what if Alibaba — and its competitors — turned the technological might that it used to develop modern Chinese consumerism over to developing modern Chinese charity? Charitable institutions worldwide are no stranger to scandals, and potential donors are ever more skeptical about where their donations are ending up. The use of blockchain technology to facilitate the receipt and tracking of charitable contributions is emerging as a solution to this trust issue. The increasing number of charity organizations and volunteers has also attracted donations from wealthy individuals and corporations thanks to tax incentives. Pushing donation tracking to the blockchain would also help charities save on overhead. Hiring a reputable accounting firm to do an annual audit is an expensive endeavor.
Alibaba Affiliate to Expand Blockchain Charity Project
Between Sept. More than volunteer organizations in about cities across China have joined in the effort offline to organize the activities, Alibaba said. On Thursday, the company hosted a forum in Hangzhou to discuss industry collaboration for philanthropy, with guest speakers from top Chinese technology companies such as Bytedance, Tencent and Weibo.
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