- The Blockchain for Good Alliance (BGA) officially launched at the Blockchain Life Dubai event, featuring partnerships with notable (organisations) including Bybit Web3, Solana Foundation, and Harvard Blockchain Club.
- BGA aims to leverage blockchain technology to address global social, environmental, and economic challenges, serving as an incubator for tech innovation and offering networking opportunities for developers.
- With a focus on fostering collaboration and innovation, BGA seeks to drive mass adoption of blockchain solutions while operating as a non-profit organisation, as emphasised by Lily Liu, President of Solana Foundation.
OUR TAKE
The launch of the Blockchain for Good Alliance signifies a promising step towards leveraging technology for positive social impact. The collaboration between leading organisations highlights a collective commitment to addressing global challenges. This initiative has the potential to drive meaningful change and foster innovation in the pursuit of a better future.
–Tilly Lu, BTW Reporter
The Blockchain for Good Alliance debuts at Blockchain Life Dubai, uniting Bybit Web3, Solana Foundation, and Harvard Blockchain Club to address global issues through innovative blockchain solutions.
Alliance launch and partnerships
The Blockchain for Good Alliance (BGA) launched officially on April 15, during the Blockchain Life Dubai event. The alliance is supported by a variety of organisations, including Bybit Web3, Solana Foundation, Aptos, Moledao, Harvard Blockchain Club, ICP.Hub UAE, American University of Sharjah (AUS), Coineasy, Libera, Edu3Labs, Alchemy Pay, Bu Zhi DAO, and XueDAO.
Also read: Blockchain scam alert: Over $20M lost in rug pulls
Mission and objectives
The BGA describes itself as a collaborative network dedicated to utilising blockchain technology to address global social, environmental, and economic issues. Acting as an incubator for blockchain tech, it will offer networking opportunities to connect developers with mentors, resources, and events.
A spokesperson from the Harvard Blockchain Club expressed excitement about the BGA launch, highlighting their commitment to fostering innovation and collaboration within the academic community.
Also read: Dubai’s crypto regulation chief eases burden on small firms
Partnering with BGA, the blockchain social platform Moledao sees the alliance as a path to achieving mass adoption, as stated in a YouTube video released on April 14.
Impact and future vision
Recent research by Italian scholar Silvia Semenzin delved into the concept of “blockchain for good,” noting that many initiatives are driven by profit motives or lack awareness of financial inequalities. The BGA aims to alleviate such concerns by operating as a non-profit organisation.
Lily Liu, President of Solana Foundation, believes the collaboration will bolster efforts to utilise blockchain for global benefit, citing projects like Helium and Hivemapper as examples of impactful change facilitated by the alliance. She emphasises Solana’s role in enabling accessible cross-border remittances and fostering a more inclusive financial system.
