Creu Roja Launched RedChain with ETH: Transparent Aid
ETH/USDT
$30,325,896,641.84
$2,396.62 / $2,157.14
Change: $239.48 (11.10%)
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Contents
The Spanish Red Cross (Creu Roja) has launched its blockchain-based aid distribution system called RedChain, developed with BLOOCK and Billions Network. The system, ETH Detailed Analysis digitizes all donations using ERC-20 aid credits on the Ethereum (ETH) blockchain, providing real-time transparency while aiming to protect the identities of aid recipients. Credits delivered via QR codes to mobile wallets instead of paper vouchers and prepaid cards can be used at participating merchants.
Source: Creu Roja
While recipient data is kept completely offchain, the blockchain is used only as a verification layer for transaction hashes, timestamps, and integrity proofs. Donors can monitor fund flows and expenditures but cannot reconstruct individual identities. A Creu Roja official states that the system provides transparency for flows and outcomes while protecting recipient privacy. BLOOCK CEO Lluís Llibre said that the blockchain works like a public notary and can detect changes. Billions Network provides eligibility verification with zero-knowledge proofs.
How Does RedChain Work on the ETH Blockchain?
RedChain tokenizes aid credits using ETH's ERC-20 standard. Offchain identity data combines with blockchain verification; this minimizes gas fees while maintaining Layer-1 security. Current ETH price 2.313,18 USD (+0,50% 24h), RSI 26,86 giving oversold signal (downtrend).
Critical Support and Resistance Levels for ETH
- Support S1: 2.157,14 USD (⭐ Strong, -6,74% distance, Fibo 0.000, Prev Day Low)
- Support S2: 1.586,87 USD (Medium, -31,40% distance)
- Resistance R1: 2.396,39 USD (⭐ Strong, +3,60% distance, Fibo 0.114, Prev Day High)
- Resistance R2: 2.603,63 USD (⭐ Strong, +12,56% distance)
Supertrend bearish, EMA 20: 2.781,23 USD. Follow ETH futures.
Frequently Asked Questions About RedChain and ETH
- What is RedChain? ETH-based aid system that combines transparency and privacy.
- Why was ETH chosen for RedChain? For ERC-20 compatibility and real-time verification.
- What will ETH price be? S1 support is critical; RSI oversold, recovery possible.