Jinitech Group joins blockchain frontier Gaiatech to launch CSR COVID-19 decentralized DAC platform

MELBOUME, Australia, March 31, 2020 /PRNewswire/ — It is the worst of times, it is the best of times. After the World Health Organization (WHO) upgraded the status of the COVID-19 outbreak from epidemic to pandemic, it is now becoming the worst of times for people in panic, yet it is the best of times for the community to be united and support each other.

CEO of Jinitech Group & Gaiatech

Misleading and false information, shortage of material supply, insufficient medical and psychological support are the key issues faced by the community during the global crisis.

Jinitech Group, together with Gaiatech and its volunteer teams in Australia, is launching a Decentralized Autonomous Corporation (DAC) platform to provide real-time information sharing, global material sourcing support, professional medical and psychological assistance, and instant disaster relief services, etc.

The digital charity platform will utilize blockchain infrastructure developed by Deakin University Blockchain Innovation Lab (DBIL) helping individuals or organizations to verify false information, source material supply, report difficulties and obtain medical and psychological support.

Blockchain based KYC verification process will be utilized to ensure the authenticity of platform users. The platform is 100% not-for-profit, any interest accumulated from the platform will be used for public accounts and donate to those in need.

Peer-to-peer donation within the platform is processed through smart contracts to avoid repeat donation to the same individuals or organizations. Advanced blockchain technology makes the charity finance and systems to be more transparent, safe and efficient.

CEO & Co-founder of Jinitech Group Jinnie Yip said, “We believe ideas, innovation and disruption can bring us a better future. Our team is dedicated to research and explore opportunities in practical application of AI, Blockchain, Cloud, and Data technologies and contribute back to the community.”

“There will be…

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