Blockchain for Good Alliance launches at Blockchain Life Dubai

At the Blockchain Life Dubai conference on April 15, the Blockchain for Good Alliance (BGA) made their formal debut.

The BGA, described as a “network of organizations, projects, and people working together to use blockchain technology to address worldwide social, environmental, and economic issues,” has formed partnerships with almost every type of organization utilizing blockchain technology.

The following entities are mentioned: Bybit Web3, Solana Foundation, Aptos, Moledaro, Harvard Blockchain Club, ICP.Hub UAE, American University of Sharjah (AUS), Coineasy, Libera, Edu3Labs, Alchemy Pay, Bu Zhi DAO, and XueDAO.

On its website, the new organization is described as fostering the growth of blockchain technology. They offer a platform where builders can connect with mentors, access resources, and attend relevant events.

An representative from the Harvard Blockchain Club, identified as Abbie, made the following declaration in a press release:

“We are thrilled to be a part of the Blockchain for Good Alliance (BGA) launch. Through our commitment to exploring university initiatives such as establishing a blockchain publication repository and supporting BGA’s impactful projects, we aim to foster a culture of innovation and collaboration within our academic community.”

In a YouTube video uploaded on April 14, Moledao, a Blockchain social platform and BGA partner, explained that this alliance represents a significant step towards achieving widespread use.

A study conducted by Silvia Semenzin, an Italian researcher at the GRASIA Research Group, Institute of Knowledge Technology, Complutense University of Madrid, explored the idea of using blockchain technology for positive purposes. The findings were published in a recent article on Sage Journals.

In the words of Semenzin, numerous efforts to utilize blockchain technology for altruistic purposes are primarily driven by financial gain or lack an awareness of the significant differences in financial situations between various classes.

The Non-Profit Blockchain for Good Alliance is designed to address common apprehensions about tech projects aimed at making a positive impact, as it will function under non-profit status.

Lily Liu, President of Solana Foundation, expressed in a statement that this partnership strengthens our dedication to utilizing blockchain technology for the betterment of the world. She further mentioned that this collaboration will bring about significant transformation as we come together with our partners.

“This has opened doors for innovative public infrastructure projects such as Helium and Hivemapper, where users not only contribute but also earn from their participation. Moreover, Solana’s technology facilitates accessible cross-border remittances and new financial products, making it a pivotal player in creating a more inclusive financial system.”

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2024-04-15 22:46