New America, Bitfury Group and NDI form new Blockchain Trust Accelerator Initiative

Announcements | June 29, 2016 By:

New America, Bitfury Group and the National Democratic Institute (NDI) announced that they have formed the Blockchain Trust Accelerator Initiative, which aims to link governments with technologists and funders to accelerate the adoption of the technology for social good and governance.

“There’s a tremendous amount of capital flowing into blockchain applications in the fintech sector, and that’s fantastic. It’s an indicator of the potential and power of this technology. But Bitfury, New America, NDI and all of our partners want to ensure that the transformational potential of the blockchain is used to make people’s lives better in addition to making people money,” siad said Tomicah Tillemann, director of the Bretton Woods II Initiative at New America and cofounder of the initiative.

The accelerator will select projects that are focused entirely on global change for good. Jamie Smith, Bitfury’s global chief communications officer and initiative cofounder, and Tillemann said that potential applications for blockchain in governance include ensuring citizens have access to land titles, tracking the provenance and delivery of vaccines, securing citizens the right to vote, and giving people access to a legal identity.

Bitfury Group is a leading full-service Blockchain technology company and one of the largest private infrastructure providers in the Blockchain ecosystem. New America is a think tank and civic enterprise that is dedicated to renew American politics, prosperity, and purpose in the digital age. The National Democratic Institute is a nonprofit, nonpartisan, nongovernmental organization that has supported democratic institutions and practices in every region of the world.