Hangzhou 33 FUZAMEI contributed 40,000 yuan RMB and bought 60,000 yuan RMB to provide medical supplies to Hubei’s charity organizations to help tackle Coronavirus.
Along with this, 33 Charity Tracing Platform, a shared blockchain system, was also launched. The purpose of this system was to register, release, and store documentation data.
On talking about blockchain technology, as a blockchain firm, Hangzhou 33 FUZAMEI is of the belief that to address issues regarding the social trust system, it’s necessary to maintain a glasslike system powered by blockchain technology.
FUZAMEI mentioned in the “1024” speech that the company aims to scrutinize “blockchain+” as an integral application in sectors like social welfare, academics, jobs, pension, health care also to inculcate plans to reduce poverty and increase food safety.
The 33 Charity Tracing Platform’s main aim is to reshape the social trust system. Currently, as per the main idea of the system, the donor and donee can issue the chains in their name as per their demand.
For instance, to avoid inaccuracy and to know about the requirements of the hospital, CA certificates can be applied by the hospitals through identity verification organizations to get the signatures.
Meanwhile, simultaneously, CA certificates can be tallied with the suppliers and management team, thus adding more transparency to the whole charity process.
The 33 Charity Tracing Platform presently permits the organizations and an individual to authenticate the donation through blockchain, which inherently makes charity behavior public and helps in reshaping social trust.
As of now, the users can only register donor and volunteer data independently or on the basis of a definitive declaration source of 33 Charity Tracing Platform.
FUZAMEI technology was established in 2008. The company aims at providing the core technology in the trading systems which are underdeveloped and excessively concurrent.
The company has gradually applied for more than 100 invention patents for blockchain technology out of which 2 are authorized. Fuzamei is one of the top 10 companies in the world owning blockchain patents.
The company initiated the development and innovation of blockchain and smart contracts in the year 2013. Later in 2014, it applied for the first blockchain invention patent “the wallet retrieval function” which got authorized in 2017.