Blockchain for Good is at the forefront of leveraging blockchain technology for societal impact. Their latest report, The State of Blockchain for Good: A View from the Alliance, provides a detailed examination of how blockchain is being utilized to tackle real-world social, economic, and public-sector challenges.
Key Insights from the Global Report
Following the Blockchain Impact Forum in Copenhagen, the report captures insights from global policymakers, United Nations agencies, and industry leaders. The focus is on moving from theoretical discussions to practical implementations of blockchain technology.
Blockchain’s Role in Public Value
The report highlights areas where blockchain is effectively creating public value, such as finance, climate action, and inclusive economic development. However, it also points out where adoption is stalling due to challenges like institutional readiness and governance frameworks.
Helen Liu, founder of the Blockchain for Good Alliance (BGA) and co-CEO of Bybit, emphasizes the importance of how institutions choose to adopt, govern, and scale blockchain for impact.
Future Directions and Recommendations
The report identifies a pivotal moment for the blockchain sector. While many solutions are ready for deployment, institutional barriers remain. BGA calls for enhanced collaboration among governments, multilateral institutions, and industry players to transition successful pilots into scalable deployments.
Strengthening Blockchain Ecosystem
With a focus on hackathons, incubation, joint funds, and the BGAwards, the report outlines BGA’s strategy for guiding innovation from early experimentation to broader institutional relevance. Future recommendations include policy design, ethical safeguards, and deepening global partnerships.
Glenn Tan, Director of Global Affairs at BGA, sees the report as a call to action for building responsibly and ensuring blockchain’s future serves the public good.
For more details, visit the Blockchain for Good Alliance website.
