IOST (IOST), Chinese Authorities Battle Coronavirus with Blockchain Technology | BTCMANAGER
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AIOU, a project in the IOST (IOST) ecosystem, has launched a blockchain solution named “Charity Information Disclosure Platform,” which aims to foster transparency and accountability in the processes of charity organizations in the wake of the deadly coronavirus that has taken over the Wuhan area of China and several other parts, according to a press release on February 11, 2020.
Fostering Transparency in Charities with DLT
Since the sudden outbreak of the deadly coronavirus in December 2019, the disease has claimed a whopping 1,018 lives, while another 37,789 are currently down with the ailment.
While well-meaning individuals, the blockchain community and good samaritans from across the world have been doing their best to lend a helping hand to the victims of the epidemic via charity organizations in China, the lack of transparency, efficiency, credibility and accountability plaguing these organizations has made the relief effort seemingly impossible.
In a bid to solve these problems, Aiou Technology, a project that’s part of the IOST ecosystem, has joined forces with the China Enterprise Federation, China Software Association, and the Ningbo and Changsha local governments to launch a blockchain-based charity information disclosure platform.
Making it Work
The team says the new Aiou charity information disclosure platform will foster transparency and accountability in charity organizations through smart contracts.