Covering Disruptive Technology Powering Business in The Digital Age

In a groundbreaking initiative today, Coda Bridge introduced Purpose Bound Money (PBM)—the first innovative charity project of its kind in Hong Kong.

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

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 topnotch social enterprise in HK with majority of their employees being physically challenged and disadvantaged.

James Loh, Chairman at Coda Bridge (right) and Grace Fung Oei, RMHC Global Board of Trustees and RMHC Hong Kong Chairperson (left).

Coda Bridge: Using Blockchain for the Greater Good

This pilot project leverages blockchain smart contract technology and a simple web-based Purpose Bound Money (PBM) platform to distribute and facilitate use 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 at Coda Bridge.

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

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