Blockchain for Good: New global accelerator promotes sustainable innovations!

Blockchain for Good: New global accelerator promotes sustainable innovations!

On April 25, 2025 the Blockchain for Good Alliance (BGA) launched the SDG Blockchain Accelerator in collaboration with the United Nations Development Program (UNDP) and EMURGO Labs. The aim of the program is to develop blockchain-powered initiatives with social impact that contribute to the achievement of the UN Sustainable Development Goals (SDGs).

The newly established program is aimed at UNDP staff and partners to provide knowledge, technology, support and mentoring. The aim is to develop and scale blockchain solutions. The accelerator will host two cohorts annually, each lasting four months, and will focus on capacity building, solution development and ecosystem growth. Up to 40 blockchain solutions aligned with the SDGs are expected to be deployed over the next few years.

Financing and support for social projects

The BGA is actively involved in grassroots initiatives, strategic partnerships and political dialogues in Europe. The initiative promotes cross-blockchain collaboration and recognizes blockchain as a catalyst for transparent, inclusive and sustainable development. Glenn Tan, Managing Partner at BGA, leads the program, which spans five global regions.

An important element of the program is the Fund's provision of financial resources to support innovative projects focused on sustainable development. Bybit, a founding member of the BGA and one of the largest cryptocurrency exchanges in the world, has committed $1 million to support EthicHub, a blockchain platform that serves small farmers.

Addressing global challenges

In addition to the SDGs, the BGA will also use blockchain technology to address challenges in the cotton industry supply chain. A pilot project aims to improve traceability and due diligence in the cotton value chain through the use of blockchain. This involves working with key industry players to develop a reliable blockchain solution for sustainable cotton sourcing.

Cotton production plays an important role for over 350 million people worldwide, especially small farmers in developing countries. However, the industry also faces significant environmental and social issues. To address these challenges, the initiative leverages advanced technologies such as blockchain to increase supply chain transparency and minimize counterfeit-related risks.

By combining technological advancements with a circular economy approach and support for sustainable practices, BGA's overall goal is to have a positive impact on the global community and actively address social and environmental challenges.