🇪🇸 Spanish Red Cross Launches Blockchain Aid System: "RedChain" 🔗

The Spanish Red Cross has rolled out a new blockchain-based system to transform how aid is distributed! 🚀 Named RedChain, it’s built with support from BLOOCK and Billions Network.

Here’s how it works ⚙️:

🔄 Fully Digital Journey: The system digitizes the entire process—from donation all the way to aid distribution.

💰 Tokenized Aid: Instead of paper vouchers or prepaid cards, aid is delivered via ERC-20 tokens on the Ethereum blockchain.

📱 Easy to Use: Beneficiaries can make payments using QR codes from their mobile wallets at partner merchants.

🔒 Privacy + Transparency:

✅ Beneficiary identities and case details are stored off-chain in the Red Cross’s secure system.

✅ The public blockchain is used only to verify transaction hashes, timestamps, and integrity proofs.

This smart setup ensures total transparency in fund tracking while fully protecting the privacy of aid recipients! 🛡️✨

#BlockchainForGood #TechForHumanity #Transparency #CryptoAid 🌍❤️