Blockchain for Good Alliance launched by Blockchain Life Dubai

The Blockchain for Good Alliance (BGA) announced its official launch on April 15 at the Blockchain Life Dubai event.

Billing itself as “a collaborative network of organizations, projects, and individuals using blockchain technology to solve global social, environmental, and economic challenges,” BGA has partnered with blockchain-based organizations on nearly every line.

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 company will act as an incubator for blockchain technology, according to its website. It provides networking opportunities that connect builders with mentors, resources and events.

Abi, a representative of the Harvard Blockchain Club, said in a statement:

“We are excited to be part of the Blockchain for Good Alliance (BGA) launch. Through our commitment to explore university initiatives such as establishing a repository of blockchain publications and supporting BGA's impactful projects, we aim to foster a culture of innovation and collaboration within our academic community.”

BGA's partner, blockchain social platform Moledao, described the partnership as a path to mass adoption in a YouTube video posted on April 14.

The concept of “Blockchain for good” was recently studied by the Italian researcher Silvia Semenzin, from the GRASIA Research Group, Institute of Knowledge Technology, Complutense University of Madrid, in a research paper published in Sage Journals.

According to Semenzin, many initiatives to “do good” using blockchain technology are either profit-driven or largely ignorant of the relative realities of decentralized finance.

The Blockchain for Good Alliance operates as a non-profit, something that comes with the typical risks associated with doing technology-based good works.

Related: More than half of US charities now accept cryptocurrency donations.

Solana Foundation president Lily Liu said in a statement that the collaboration “furthers our commitment to harnessing blockchain for global good.” She added that the platform will bring partners together to bring about “impactful change”.

“This opens the door to new public infrastructure projects like Helium and HiveMapper where users not only contribute, but also benefit from their participation. Moreover, Solana's technology plays a key role in creating a more inclusive financial system by facilitating cross-border financial transactions and new financial products.”