The Blockchain for Good Alliance (BGA) was unveiled on April 15 at the Blockchain Life Dubai conference.
This new alliance serves as a collaborative hub aiming to use blockchain technology to address social, economic, and environmental challenges.
Did you know?
Want to get smarter & wealthier with crypto?
Subscribe - We publish new crypto explainer videos every week!
What is Basic Attention Token (BAT)? Brave Browser EASILY Explained
The BGA differentiates itself as a non-profit organization, focusing on unlocking blockchain technology's potential for genuine social impact and moving beyond the typical profit-driven approaches of such projects.
It has garnered support from various influential entities in the blockchain sphere, including Bybit Web3, Solana Foundation, and the Harvard Blockchain Club, among others.
Representatives from these organizations expressed their enthusiasm about their involvement. Abbie, a spokesperson from the Harvard Blockchain Club, emphasized the significance of their participation:
We are thrilled to be a part of the Blockchain for Good Alliance 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.
The alliance is not just about collaboration but also about outreach. In a recent YouTube video, Moledao, another BGA partner, highlighted the alliance's potential to lead to broader adoption of blockchain technology.
Lily Liu, President of the Solana Foundation, shared her perspective on the alliance's role:
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.
The BGA represents a step forward in the intersection of technology and social good. With a strong coalition of partners and a clear focus on high-impact projects, the alliance is sure to make important contributions to global challenges.
This alliance proves that blockchain technology is progressively being integrated into various aspects of our daily lives. Further evidence of this trend was the partnership between Mysten Labs and Playtron, introducing SuiPlay0X1, the first gaming device designed to incorporate crypto and blockchain technology.
