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 leveraging blockchain technology to solve global social, environmental, and economic challenges,” the BGA has partnered with blockchain-based organizations of nearly 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.
The newly launched organization will work as an incubator for blockchain tech, according to its website. It’ll provide networking opportunities connecting builders with mentors, resources, and events.
A spokesperson named Abbie, a representative of the Harvard Blockchain Club, said in a statement that:
"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.”
Blockchain social platform Moledao, a BGA partner, described the alliance as a path towards mass adoption in a YouTube video posted on April 14.
The concept of “blockchain for good” was recently studied by Italian researcher Silvia Semenzin, at the GRASIA Research Group, Institute of Knowledge Technology, Complutense University of Madrid, in a research article posted to Sage Journals.
According to Semenzin, many initiatives to “do good” through the use of blockchain technology are either motivated by profit seeking or largely ignorant to the realities of disparate class financial relativities.
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.
Related: Over half of U.S. charities now accept cryptocurrency donations
Lily Liu, President of Solana Foundation, said in a statement that this collaboration “enhances our commitment to harnessing blockchain for global benefit.” She added that the platform would drive “impactful change,” by joining the partners together:
“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.”