Ant Financial to Harness Blockchain in Updated Philanthropy App
Chinese corporate giant Ant Financial, led by billionaire venture capitalist Jack Ma, is introducing blockchain technology to the Alipay donation application. The added feature will utilize a distributed ledger platform to record collected donations. Ant Financial’s Alipay Goes Blockchain. Ant Financial Services Group is a subsidiary of the Chinese....
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Digital Asset Holdings LLC, a blockchain technology group, recently acquired two startups: Hyperledger and Bits of Proof. These companies are focused on the blockchain itself, which is the public ledger of verified bitcoin transactions. Blockchain is considered the defining feature of bitcoin, as the ledger is updated through a vast network of computers solving complex algorithms to add a new block to the code. Entries in the blockchain are considered immutable and irreversible since it would take an overwhelming amount of effort to override all the computers that have verified and stored....
Organizations and artists are using NFTs to give back to children in need, demonstrating new potential for nonfungible tokens. NFTs, or nonfungible tokens, have created a wealth of opportunities over the last year. Data from market tracker DappRadar found that NFT sales reached $25 billion in 2021. Artwork NFTs in particular have seen impressive growth. Financial services firm FinancePR recently determined that 257 artists generated at least $1 million in the past 30 days from selling NFT artwork. It’s also notable that NFT transactions have continued to increase, despite recent slumps in....
The new blockchain solution created by Ant Financial will bring in transparency and accountability to philanthropic organizations and charitable institutions. The Chinese billionaire entrepreneur, Jack Ma has forayed in the digital currency technology arena. Ant Financial, one of the affiliates of Jack Ma’s Alibaba Group Holding Limited (NYSE:BABA)has been working on implementing blockchain technology in the non-profit and charity sector to bring in transparency and accountability. The blockchain solution developed by Ant Financial is being used by Alipay to record all incoming....
The Built With Bitcoin Foundation supports Bitcoin education and philanthropy in communities around the world that need financial freedom the most.