Hyperchain Launches Blockchain-Based Charity Platform to Fig...
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Hyperchain Launches Blockchain-Based Charity Platform to Fight Against the Coronavirus Epidemic

The recent coronavirus outbreak has taken away more than 400 lives in mainland China. Though China and the entire world have been mobilized to donate, doctors are still not getting enough crucial medical supplies. Red Cross China have failed at delivering the urgent supplies to the frontline hospitals.

Hyperchain has announced the launch of its blockchain-based platform to fight against the coronavirus epidemic. The platform will serve as a medical supply donations portal to support hospitals in central China. 

Together with Xiongan and Fuxing Groups, and other popular enterprises, Hyperchain has prepared to build a platform to ensure that the donation process is immutable, traceable and reliable. 

The application of the blockchain technology will ensure a transparent portal for information exchange on the platform. This will allow donors to be able to see more clearly where their funds or donations are going. The platform will provide proof of need and proof of receipt to ensure that the donations reach the intended party immediately. 

Established in 2016, Hyperchain is a high-tech company that provides technical products and application solutions of blockchain. The firm specializes in developing the underlying blockchain platform, data sharing and security platform. It also develops BaaS platform, supply chain finance SaaS platform and digital evidence service platform. 

Censorship and lack of transparency has been a major issue during epidemic outbreaks like this. As such, there is the need for technologies like the blockchain for a more transparent and credible mechanism-based society. 

Featured Image Courtesy of Shutterstock

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Sudarshan M is a long time crypto-enthusiast. Pulled in by bitcoin early on, it did not take long for Sudarshan to divert all of his academic attention from business studies to blockchain by doing his Masters and eventually pursuing his PhD in the subject.

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