The Blockchain for Good Alliance (BGA) was officially launched on April 15 during the Blockchain Life Dubai event.
The BGA is a collaborative network of organizations, projects, and individuals that have pledged to utilize blockchain technology to address global social, environmental, and economic challenges. The organization has partnered with blockchain-based organizations, 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.
The BGA aims to function as an incubator for blockchain technology by providing networking opportunities that connect builders with mentors, resources, and events. The organization’s website describes its mission to solve global challenges through the application of blockchain technology and collaboration between its partners.
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.”
Moledao, a blockchain social platform that collaborates with BGA, views the alliance as a means to achieve mass adoption. They talked about it in a video posted on YouTube on April 14. Recently, Italian researcher Silvia Semenzin studied the idea of “blockchain for good” at the GRASIA Research Group, Institute of Knowledge Technology, Complutense University of Madrid. She published her research article in Sage Journals.
Semenzin noted that many initiatives aimed at using blockchain technology for social good are either driven by profit motives or are ignorant of the financial disparities between different classes. The Blockchain for Good Alliance will function as a non-profit organization, which should help address concerns typically associated with tech-based projects aimed at doing good.