We are revolutionizing the payment of benefits and social coins through the innovative application of blockchain technology. By transforming traditional benefit payments into social coins, we are pioneering a new approach that offers enhanced security, transparency, and efficiency allowing the access to the blockchain solution using the common physical cards and not just mobile phone applications.
Our system represents the first tokenized benefit payment ecosystem in Brazil, setting a new standard for how benefits are distributed and utilized. This groundbreaking initiative leverages blockchain’s decentralized nature to ensure immutability and traceability of transactions, eliminating intermediaries and reducing the risk of fraud.
Implementing a tokenized benefit payment system offers significant advantages for the state, population, and businesses. For the state, eliminating intermediaries and using a single card for multiple benefits enhances control and allows real-time monitoring of expenses. This system also provides high traceability, transparency, and ease of auditing expenses, while facilitating the financial and technological inclusion of the needy population.
The population benefits from easy access using physical cards and immediate consultation of their tokenized benefits through a multi-benefit card, which consolidates several benefits into one digital wallet. Establishments and businesses enjoy lower costs associated with receiving fees, can immediately use the currency in other establishments due to its circular nature, and experience faster transfer of resources.