The Times Australia
News From Asia

.

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.

Times Magazine

DIY Is In: How Aussie Parents Are Redefining Birthday Parties

When planning his daughter’s birthday, Rich opted for a DIY approach, inspired by her love for drawing maps and giving clues. Their weekend tradition of hiding treats at home sparked the idea, and with a pirate ship playground already chosen as t...

When Touchscreens Turn Temperamental: What to Do Before You Panic

When your touchscreen starts acting up, ignoring taps, registering phantom touches, or freezing entirely, it can feel like your entire setup is falling apart. Before you rush to replace the device, it’s worth taking a deep breath and exploring what c...

Why Social Media Marketing Matters for Businesses in Australia

Today social media is a big part of daily life. All over Australia people use Facebook, Instagram, TikTok , LinkedIn and Twitter to stay connected, share updates and find new ideas. For businesses this means a great chance to reach new customers and...

Building an AI-First Culture in Your Company

AI isn't just something to think about anymore - it's becoming part of how we live and work, whether we like it or not. At the office, it definitely helps us move faster. But here's the thing: just using tools like ChatGPT or plugging AI into your wo...

Data Management Isn't Just About Tech—Here’s Why It’s a Human Problem Too

Photo by Kevin Kuby Manuel O. Diaz Jr.We live in a world drowning in data. Every click, swipe, medical scan, and financial transaction generates information, so much that managing it all has become one of the biggest challenges of our digital age. Bu...

Headless CMS in Digital Twins and 3D Product Experiences

Image by freepik As the metaverse becomes more advanced and accessible, it's clear that multiple sectors will use digital twins and 3D product experiences to visualize, connect, and streamline efforts better. A digital twin is a virtual replica of ...

The Times Features

Whole House Water Filters: Essential or Optional for Australian Homes?

Access to clean, safe water is something most Australians take for granted—but the reality can be more complex. Our country’s unique climate, frequent droughts, and occasional ...

How Businesses Turn Data into Actionable Insights

In today's digital landscape, businesses are drowning in data yet thirsting for meaningful direction. The challenge isn't collecting information—it's knowing how to turn data i...

Why Mobile Allied Therapy Services Are Essential in Post-Hospital Recovery

Mobile allied health services matter more than ever under recent NDIA travel funding cuts. A quiet but critical shift is unfolding in Australia’s healthcare landscape. Mobile all...

Sydney Fertility Specialist – Expert IVF Treatment for Your Parenthood Journey

Improving the world with the help of a new child is the most valuable dream of many couples. To the infertile, though, this process can be daunting. It is here that a Sydney Fertil...

Could we one day get vaccinated against the gastro bug norovirus? Here’s where scientists are at

Norovirus is the leading cause[1] of acute gastroenteritis outbreaks worldwide. It’s responsible for roughly one in every five cases[2] of gastro annually. Sometimes dubbed ...

Does running ruin your knees? And how old is too old to start?

You’ve probably heard that running is tough on your knees – and even that it can cause long-term damage. But is this true? Running is a relatively high-impact activity. Eve...