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Blockchain for Good Alliance launched at Blockchain Life Dubai

source-logo  cryptonews.net 16 April 2024 12:51, UTC

The Blockchain for Good Alliance (BGA) announced its official launch on April 15 at the Blockchain Life Dubai event. Describing itself as a collaborative network of organizations, projects and individuals committed to using blockchain technology to solve global social, environmental and economic issues, BGA partners with blockchain-based organizations of virtually every stripe. These include 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.

According to the website, the newly created organization will act as an incubator for blockchain technology. This will provide networking opportunities connecting creators with mentors, resources and events. The concept of “blockchain for good” was recently studied by Italian researcher Silvia SEMENZIN at the GRASIA research group of the Complutense University of Madrid in a research article published in Sage Journals.

According to Semenzin, many initiatives to “do good” using blockchain technology are either motivated by the desire for profit or are largely ignorant of the realities of disparate class financial relations. The Blockchain for Good Alliance will operate as a non-profit, something that should largely assuage the typical concerns associated with tech-based endeavors to do good.

Image: The Crypto Times