Blockchain Charity Foundation To Help Solve UN Sustainability Goals

Blockchain, News | September 25, 2018 By:

Blockchain Charity Foundation (BCF) and the United Nations Development Programme (UNDP) have joined forces to support the application of blockchain technology for social good.

BCF, a not-for-profit organization initiated by crypto exchange Binance and supported by blockchain starup Tron, is dedicated to the advancement of blockchain-enabled philanthropy towards achieving global sustainable development. One of the foundation’s main objectives is to develop humanitarian projects to effectively address the United Nations Agenda 2030 and its Sustainable Development Goals.

“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 Helen Hai, Head of Blockchain Charity Foundation. “Working with UNDP, our aim is to eradicate poverty and empower and bring prosperity to millions who are marginalized and living in poverty. We are honored to host this meeting today, and partner with UNDP to provide social impact financing and improve philanthropy with blockchain.”

During the 73rd UN General Assembly, the foundation announced that it has contributed $1 million to UNDP. It also said that it will help UNDP explore areas where blockchain technology can be utilized to provide innovative solutions to development challenges, especially in the Asia-Pacific region, where UNDP has already begun exploring blockchain initiatives. UNDP’s blockchain projects include a blockchain-based land registry in the state of Haryana.

“We believe that blockchain is a technology that can have a huge impact in the developing world in numerous ways,” said Haoliang Xu, Assistant Secretary General of the United Nations and Director of the Regional Bureau for Asia and Pacific at the UNDP. “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.”

During the event, BCF also announced the additions of Zhang Zhiping, Executive President of Finance Center for South-South Cooperation (FCSSC), and Simon O’Connell, Executive Director of Mercy Corps Europe, to the foundations’s Senior Advisory Board, which is chaired by President of Malta Marie-Louise Coleiro Preca.

“FCSSC has paid close attention to blockchain technology,” said Zhang Zhiping of FCSSC. “We look forward to seeing this technological revolution facilitate international cooperation and contribute to economic and social development.”