The Spanish Red Cross has introduced RedChain, a blockchain-based aid distribution system designed to enhance transparency for donors while safeguarding the privacy of aid recipients. Developed in collaboration with infrastructure provider BLOOCK and zero-knowledge credential company Billions Network, RedChain replaces traditional paper vouchers and prepaid cards with Ethereum-based ERC-20 aid credits. Recipients receive these credits via mobile wallets and can make payments at partner merchants using QR codes.
Spanish Red Cross Launches Blockchain-Based Aid System RedChain
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
