Hangzhou FUZAMEI, a Chinese startup, has launched 33 Charity, a philanthropy-focused blockchain-based platform for tracking and managing data.
Chinese Startup Donates $14K to Fight Coronavirus While Launching a Blockchain Data Platform https://t.co/hJsNYXpK1x pic.twitter.com/sx7w4oGSdG — Criptomonedasyeconomia (@Economiaenllam1) February 7, 2020
On February 7, it has been reported that the platform is designed to boost the transparency and efficiency of businesses’ internal processes, including charitable organizations. The platform also appears to be a shared network where organizations can register, store and manage information about individuals.
However, donors and recipients are able to make requests under their own names, while medical institutions can apply for certificates of authority through identity authentication agencies to obtain signatures.
CA certificates contain information about an entity or person, including their name, contact details, public key and expiration date for the certificate. Such certificates help verify identities and link them to cryptographic key pairs with digital certificates.
Along with the launch of its platform, FUZAMEI announced a 100,000 Chinese yuan ($14,280) contribution for fighting against the current outbreak of the coronavirus. The company spent 60,000 Chinese yuan ($8,500) of that sum on medical supplies.
Thus, FUZAMEI previously told that it had applied for more than 300 blockchain patents, 295 of which were published, and eight of which were authorized by last November.