KEY TAKEAWAYS
- The Blockchain for Good Alliance, in partnership with the UNDP and EMURGO Labs, has launched the SDG Blockchain Accelerator to leverage blockchain for sustainable development.
- The program will utilize Cardano’s infrastructure to develop up to 40 blockchain solutions aligned with the UN Sustainable Development Goals.
- Bybit has committed US$1 million to support blockchain projects like EthicHub, promoting ethical financing and transparent supply chains.
- BGA is expanding its impact in Europe, engaging in strategic partnerships and policy dialogues to advance blockchain as a tool for digital equity.
The Blockchain for Good Alliance (BGA), in collaboration with the United Nations Development Programme (UNDP) and EMURGO Labs, has launched the SDG Blockchain Accelerator. This global initiative aims to leverage blockchain technology to address challenges related to the UN Sustainable Development Goals (SDGs). The program is designed to equip UNDP personnel and partners with the necessary tools and mentorship to develop, pilot, and scale blockchain-based solutions for economic development.
Supported by a network of industry experts, the multi-year accelerator will host two cohorts annually, each lasting four months. The focus will be on capacity building, solution development, and ecosystem growth. Utilizing Cardano’s infrastructure and EMURGO Labs’ expertise, the program plans to deliver up to 40 blockchain solutions aligned with the SDGs. Additionally, it will create an open-source resource hub and promote cross-chain collaboration to enhance blockchain’s impact in the development sector.
Global Collaboration and Strategic Support
Led by BGA Managing Partner Glenn Tan and members of the UNDP AltFinLab, the initiative will span five global regions. It will offer funding and strategic support to blockchain projects addressing the 17 SDGs. Teodor Petricevic, UNDP Accelerator Lead, emphasized the transformative potential of blockchain, stating that the accelerator is a call to action for innovators worldwide to harness blockchain’s power for sustainable development.
As a founding supporter of the Blockchain for Good Alliance, Bybit has contributed significantly to these efforts. Through its “Bybit Pool” initiative, the crypto exchange has committed US$1 million to support EthicHub, a blockchain platform that empowers smallholder farmers by promoting ethical financing models and transparent supply chains.
Expanding Impact Across Europe
In January 2025, BGA expanded its reach into Europe by participating in the UNDP Brussels Roundtable titled “Empowering the Future: A Strategic Dialogue on Emerging Technologies and Impact Entrepreneurship in the Western Balkans.” The event gathered 30 key delegates from various organizations, including the European Commission, top Web3 foundations, and tech hubs.
As part of its European strategy, BGA is actively engaging in grassroots initiatives, forming strategic partnerships, and contributing to high-level policy dialogues. With blockchain increasingly recognized as a catalyst for transparent and sustainable development, BGA is seeking collaboration with like-minded organizations to advance real-world solutions and establish blockchain as a pillar of digital equity and innovation across the continent.
The full announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
The Blockchain for Good Alliance, in collaboration with the UNDP and EMURGO Labs, has launched a global accelerator to leverage blockchain technology for achieving the UN Sustainable Development Goals (SDGs). This initiative aims to equip stakeholders with tools and mentorship to develop blockchain-based solutions for economic development.
Recent industry reports indicate that stablecoins and decentralized finance (DeFi) are expanding, with organizations like UNICEF exploring stablecoins for transparent aid distribution, highlighting blockchain’s role in ethical, resilient systems for social good. This aligns with the accelerator’s goal to develop blockchain solutions for sustainable development.
As per insights from BusinessDay, blockchain’s transformative potential across various sectors, especially in emerging economies, is emphasized. It is seen as a technology of trust that enhances transparency, efficiency, and accountability, which are critical to achieving the SDGs. This supports the accelerator’s mission to harness blockchain for sustainable development.
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