Hashtag
Men's Weekly

Coda Bridge Launches First-of-its-Kind Purpose Bound Money Blockchain Charity Project in Hong Kong

Supported by Ronald McDonald House Charities Hong Kong and Dignity Kitchen

HONG KONG SAR - Media OutReach Newswire - 14 May 2024 - In a groundbreaking initiative today, Coda Bridge introduced Purpose Bound Money (PBM) — the first innovative charity project of its kind in Hong Kong.

Pictured above - Mr. James Loh, Chairman of Coda Bridge (right) and Ms. Grace Fung Oei, RMHC Global Board of Trustees and RMHC Hong Kong Chairperson (left).
Pictured above - Mr. James Loh, Chairman of Coda Bridge (right) and Ms. Grace Fung Oei, RMHC Global Board of Trustees and RMHC Hong Kong Chairperson (left).

Ronald McDonald House Charities Hong Kong has been selected as the charitable organisation to be part of the pilot program. With this program, every eligible family will receive an electronic meal voucher of HK$500 (limited quota of 200 families) to dine at Dignity Kitchen, a top-notch social enterprise in HK with majority of their employees being physically challenged and disadvantaged.

This pilot project leverages blockchain smart contract technology and a simple web-based Purpose Bound Money (PBM) platform to distribute and facilitate utilization of the vouchers. PBM ensures that all funds are directed precisely to causes and locations specified by donors. This not only guarantees that the donors' intentions are honored but also introduces an unprecedented level of transparency and integrity in the donation process.

"Coda Bridge's collaboration with RMHC HK and Dignity Kitchen through this charity project is a testament to the impact of innovation technology for social good." said James Loh, Chairman of Coda Bridge.

The versatility of the PBM platform extends beyond charity. It is poised to revolutionize the management of education funds, government disbursements, e-commerce, prepaid packages, and cross-border payments, enhancing the precision and efficiency of fund utilization. The PBM platform makes the digital money programmable, ensuring that funds are used for specific purposes and enhancing the transparency and controllability of funds.
Hashtag: #CodaBridge

The issuer is solely responsible for the content of this announcement.

About Coda Bridge

Coda Bridge, headquartered in Hong Kong and backed by leading venture capitalists, merges the expertise of seasoned financial and IT professionals. Our company harnesses the power of FinTech to innovate and drive efficiency in digital transactions through our blockchain based Purpose Bound Money platform, tailored for specific financial needs.

Business News

Headless WordPress for Australian SMEs: Unlocking Flexibility and Speed

Taking a look at the Australian small and medium-sized enterprise landscape and their web presence, the period of WordPress domination has been almost a few decades. Its ease of use, the price, and an...

Hashtag.net.au - avatar Hashtag.net.au

Shopify Plus for Enterprise: Scaling Your Business for Global Markets

In today's ever-faster digital environment, Australian enterprises are entering international markets rapidly. Since eCommerce is the actual engine for global trade, it needs to be able to select the ...

Hashtag.net.au - avatar Hashtag.net.au

5 Vital Advantages of Using Seamless Tubes in Engineering

In the world of engineering, the selection of materials is paramount. The right choice can mean the difference between a structure that stands the test of time and one that crumbles under pressure. Am...

Hashtag.net.au - avatar Hashtag.net.au

How to Find the Right Lawyers in Melbourne for Your Legal Matter

When faced with a legal issue, finding the right lawyers in Melbourne can be the difference between a smooth resolution and a stressful ordeal. Whether you’re a business owner, a family in transitio...

Hashtag.net.au - avatar Hashtag.net.au

The Role of Mining Equipment Suppliers in Driving the Industry Forward

Mining is one of the most essential sectors for global economic growth, providing raw materials for construction, energy production, manufacturing, and technology. Behind the scenes, mining equipmen...

Hashtag.net.au - avatar Hashtag.net.au

Security Industry Transformation Through Advanced VR Training

Australia's security industry, protecting everything from shopping centres to critical infrastructure, faces increasingly complex challenges requiring sophisticated interpersonal skills alongside tr...

Hashtag.net.au - avatar Hashtag.net.au

Health & Wellness

How to Choose the Right Earplugs for Sleeping: A Comprehensive Guide

Hashtag.net.au - avatar Hashtag.net.au

Getting a restful night's sleep is essential for overall health and well-being. For many, external noises—be it a snoring partner, traffic, or noisy neighbors—can disrupt sleep patterns. One effective...

How Teen Depression Differs from Normal Adolescent Mood Swings

Hashtag.net.au - avatar Hashtag.net.au

Adolescence is often described as a turbulent period of life. Hormonal changes, social pressures, academic stress, and the search for identity all combine to make the teenage years emotionally inten...

Why Regular Visits to a Trusted Dentist Matter More Than You Think

Hashtag.net.au - avatar Hashtag.net.au

Seeing a dentist is often associated with pain or emergency situations. However, routine dental visits play a much larger role in maintaining not only oral health but your overall wellbeing. Whether...