The Blockchain for Good Alliance (BGA) announced its official launch on April 15 at the Blockchain Life Dubai event. BGA describes itself as a collaborative network of organizations, projects and individuals committed to using blockchain technology to solve global social, environmental and economic problems, and works 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 established organization will act as an incubator for blockchain technology. This provides networking opportunities that connect creators with mentors, resources and events. The concept of ‘blockchain for good’ was recently studied by an 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 reality of disparate financial relationships between classes. The Blockchain for Good Alliance will operate as a non-profit organization, something that should largely alleviate the typical concerns associated with technology-based efforts to do good.
Image: The Crypto Times
