News

United Nations partners with Binance Charity to solve Global Issues using Blockchain

Blockchain for Social Good: Utilizing Blockchain to Aid Economic Development

The United Nations is finally looking to explore the benefits of Blockchain in its efforts to support developing nations with resources to improve the lives of its citizens. The news was announced at the 73rd UN General Assembly held in New York which was jointly held by Blockchain Charity Foundation (BCF), Finance Center for South-South Cooperation (FCSSC) and Women Political Leaders Global Forum (WPL) with a Keynote address by Maltese President, Marie-Louise Coleiro Preca as well as a roundtable discussion and showcase of global blockchain pilot programs..

“We believe that blockchain is a technology that can have a huge impact in the developing world in numerous ways,” stated Haoliang Xu, Assistant Secretary General, United Nations.

The initiative will be jointly developed by the United Nations Development Programme (UNDP) and BCF which aims to drive economic growth through Blockchain.

“We are excited to see the strong commitment from BCF to work with UNDP to explore how blockchain technology can help develop solutions to some of the most difficult development challenges in Asia and the Pacific,” Xu added.

The Blockchain Charity Foundation (BCF) founded earlier this year by cryptocurrency exchange Binance and Maltese President’s Trust is a not-for-profit foundation supporting the utilizing of blockchain for social good and the advancing of 2030 UN Sustainable Development Goals. BCF works with global leadership organizations and innovators to educate and raise awareness of the use of Blockchain-based solutions.

“We firmly believe that blockchain technology will bring transformative solutions to social problems, and help bridge the UN Sustainable Development Goals funding gap in fast and innovative ways,” said UNIDO Goodwill Ambassador and Head of Blockchain Charity Foundation Helen Hai.

Blockmanity’s Take

Key issues like cryptocurrency volatility and the implementation plan were not addressed but this is a great initiative by all parties to use Blockchain for social good.


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.

Rishabh

Rishabh Bose is a partner & news writer at Blockmanity. He is a productivity engine and has been a cryptocurrency & blockchain consultant since early 2018.

Share
Published by
Rishabh

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

1 month ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

2 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

3 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

3 months ago