Supported by Ronald McDonald Home Charities Hong Kong and Dignity Kitchen
HONG KONG SAR – Media OutReach Newswire – 14 Might 2024 – In a groundbreaking initiative at the moment, Coda Bridge launched Function Certain Cash (PBM) — the primary progressive charity undertaking of its type in Hong Kong.
Ronald McDonald Home Charities Hong Kong has been chosen because the charitable organisation to be a part of the pilot program. With this program, each eligible household will obtain an digital meal voucher of HK$500 (restricted quota of 200 households) to dine at Dignity Kitchen, a top-notch social enterprise in HK with majority of their workers being bodily challenged and deprived.
This pilot undertaking leverages blockchain sensible contract know-how and a easy web-based Function Certain Cash (PBM) platform to distribute and facilitate utilization of the vouchers. PBM ensures that every one funds are directed exactly to causes and areas specified by donors. This not solely ensures that the donors’ intentions are honored but in addition introduces an unprecedented stage of transparency and integrity within the donation course of.
“Coda Bridge’s collaboration with RMHC HK and Dignity Kitchen by way of this charity undertaking is a testomony to the influence of innovation know-how for social good.” mentioned James Loh, Chairman of Coda Bridge.
The flexibility of the PBM platform extends past charity. It’s poised to revolutionize the administration of schooling funds, authorities disbursements, e-commerce, pay as you go packages, and cross-border funds, enhancing the precision and effectivity of fund utilization. The PBM platform makes the digital cash programmable, guaranteeing that funds are used for particular functions and enhancing the transparency and controllability of funds.
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About Coda Bridge
Coda Bridge, headquartered in Hong Kong and backed by main enterprise capitalists, merges the experience of seasoned monetary and IT professionals. Our firm harnesses the ability of FinTech to innovate and drive effectivity in digital transactions by way of our blockchain primarily based Function Certain Cash platform, tailor-made for particular monetary wants.