The Blockchain for Good Alliance (BGA) was established during the Blockchain Life Dubai conference, uniting various organizations and individuals dedicated to leveraging blockchain technology to address social, environmental, and economic challenges. Key partners include Bybit Web3, Solana Foundation MoleDaos, among others.

The primary objective of BGA is to serve as a catalyst for blockchain technology, fostering connections within the industry and offering developers opportunities for growth. Through partnerships, innovators will exchange ideas, receive guidance, and foster collaboration and advancements in the blockchain sector.

Lily Liu, the Chairperson of the Solana Foundation, emphasized the potential for widespread impact globally. Collaboration across diverse sectors will be pivotal for BGA, as the adoption of blockchain technology can lead to a more inclusive financial system and facilitate cross-border transactions.

Silvia Semenzin, an esteemed Italian researcher, has recently published a study shedding light on the intricacies of harnessing blockchain for positive purposes. The research underscores the need to be cautious of the profit-driven aspects of blockchain while emphasizing the significance of understanding social and economic contexts deeply.

Also Read: Reltime Unveils New Blockchain Lab in India to Drive Technological Innovations