China’s e-commerce conglomerate, Alibaba, has developed a unique blockchain donation system called Ant Love. It actually originates from Alibaba affiliate Ant Financial. Establishedin 2017, Ant Love can record the donations from any of Alibaba’s 450 million users, allowing them to donate to various charitable groups and NGOs. The system also lets donors track their transaction histories, and better understand where and how the organizations they fund are using their money.
“We hope to bring more transparency to charity and blockchain technology’s decentralized nature fits that purpose well. It means that all the information and transaction history of funds will be more reliable and can’t be easily tampered with.” Ant Financial CTO Cheng Li