DUBAI, UAE, April 24, 2025 /PRNewswire/ -- The Blockchain for Good Alliance (BGA), a global non-profit initiative, together with United Nations Development Programme (UNDP) and EMURGO Labs, has launched the SDG Blockchain Accelerator — a global effort aimed at harnessing blockchain-powered social impact initiatives across the UN Sustainable Development Goals (SDGs). This program aims to equip UNDP personnel and partners with the knowledge, technology, support, and mentorship necessary to develop, pilot, and scale blockchain-based solutions addressing real-world economic development challenges.
Supported by a global network of industry experts, this multi-year accelerator will onboard two cohorts annually, each running for a four month period, focusing on capacity building, solution development, and ecosystem growth. Leveraging Cardano's infrastructure and EMURGO Labs' expertise, the program will deliver up to 40 blockchain solutions aligned with the SDGs, create an open-source resource hub, and promote cross-chain collaboration to broaden the impact of blockchain across the development sector.
Led by BGA Managing Partner Glenn Tan and members of the UNDP AltFinLab, the collaboration will span five global regions, offering funding and strategic support to blockchain projects tackling challenges across the 17 SDGs.
"At UNDP, we believe blockchain is not just a technology — it is a transformative force capable of reshaping how we address humanity's most pressing challenges. This accelerator program is more than an initiative; it is a call to action for innovators worldwide to harness blockchain's power to drive sustainable development. By fostering bold collaboration and leveraging its transparency and efficiency, we are paving the way for groundbreaking solutions that can uplift communities globally," commented Teodor Petricevic, UNDP Accelerator Lead.
As a founding supporter of the Blockchain for Good Alliance, Bybit has worked closely with BGA across various initiatives to promote the use of blockchain for public good. Through its "Bybit Pool" initiative, the crypto exchange has committed US$1 million in funding to support EthicHub, a blockchain platform empowering and enabling smallholder farmers. This contribution supports ethical financing models and showcases blockchain's potential in building transparent supply chains.
Expanding Impact Across Europe
BGA marked a significant milestone in January 2025 with its formal expansion into Europe, joining the UNDP Brussels Roundtable "Empowering the Future: A Strategic Dialogue on Emerging Technologies and Impact Entrepreneurship in the Western Balkans". The roundtable brought together 30 key delegates from the UNDP, European Commission, top Web3 foundations, tech hubs, and policy think tanks — including the Ethereum Foundation, Solana Labs, Stellar Development Foundation, Algorand Foundation, Cardano Foundation, Celo, Metis, Cotrugli Business School, Science Technology Park Belgrade, BlackVogel, and the World Metaverse Council.
As part of its broader European strategy, BGA is actively engaging in grassroots initiatives, forging strategic partnerships, and contributing to high-level policy dialogues. With blockchain increasingly recognized as a catalyst for transparent, inclusive, and sustainable development, BGA welcomes collaboration with like-minded organizations to advance real-world solutions and establish blockchain as a pillar of digital equity and innovation across the continent.
#Bybit / #TheCryptoArk / #BGA
About Bybit
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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About Blockchain for Good Alliance (BGA)
The Blockchain for Good Alliance (BGA) is a long-term collaborative non-profit initiative with key partners with the main aim to contribute to societal good by using blockchain technology to solve real world problems. By convening leaders, innovators, and organisations from across the blockchain community, BGA seeks to drive innovation, collaboration, and action towards a more sustainable and equitable world.
For more information
Email: hello@chainforgood.org
Website: www.chainforgood.org
Twitter: www.x.com/chainforgood
About UNDP
UNDP is the leading United Nations organization fighting to end the injustice of poverty, inequality and climate change. Working with our broad network of experts and partners in 170 countries, we help nations to build integrated, lasting solutions for people and the planet.
Learn more at www.undp.org
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Blockchain for Good Alliance Launches Global Accelerator and Fund with UNDP
Total ECW funding in the Federal Republic of Somalia now tops US$64.2 million. The Multi-Year Resilience Programme will be delivered by a consortium of international and local civil society organizations, reaching 43,000 children with life-saving education.
NEW YORK, May 10, 2025 /PRNewswire/ -- For over 25 years, Somalia has faced persistent conflict, insecurity and climate change-related crises, severely impacting the lives and lifelong trajectories of the nation's children.
In response to the ongoing situation, Education Cannot Wait (ECW) and its strategic partners announced today a new US$17.1 million grant that will reach over 43,000 children with safe, quality education opportunities. Total ECW funding in Somalia now tops US$64.2 million.
The humanitarian needs far outpace the resources available in Somalia and other forgotten crises worldwide. Somalia's Humanitarian Needs and Response Plan 2025 remains severely underfunded, according to OCHA's Financing Tracking Service. Prior to the new tranche of ECW funding, only 29% of the overall US$68.6 million humanitarian appeal for education was funded.
"The children and adolescents of Somalia have suffered far too long. Yet, they have so much to give – provided they are empowered with a quality education. We will not allow Somalia to be another 'forgotten crises,'" said ECW's Director Yasmine Sherif. "More than half of Somalia's school-aged children – 4.5 million – are out of school today. ECW is a pooled funding mechanism advancing joint programming. Our additional financial investment will thus enable all our partners in Somalia to jointly deliver continued quality education. Clearly, education is the best investment to empower crisis-affected communities to take the reins, steer their own destiny and end dependency on aid."
The United Kingdom is ECW's second-largest donor, with US$277 million in total contributions to date. The Foreign, Commonwealth and Development Office (FCDO) leads the donor group in Somalia and was instrumental in developing the expanded programme.
"The UK is absolutely committed to working with the Federal Government of Somalia and partners like Education Cannot Wait for a more secure and stable future for all Somali children," said British Ambassador to Somalia Mike Nithavrianakis. "Today's programme launch is unique because it provides predictable, long-term funding for some of the most vulnerable, crisis-affected children in Somalia. It will also support the Federal Government of Somalia's efforts to strengthen the education system. Education gives children normality, protection and hope. Educating children is the best way to ensure a better future for Somalia, which is why we're proud to partner with Education Cannot Wait."
The programme builds on ECW's US$47.1 million in total investments in Somalia, which have already reached more than 300,000 children and adolescents with a quality education. The programme will be delivered by the Adventist Development and Relief Agency (ADRA) in coordination with the Federal Republic of Somalia. Consortium partners include Save the Children, Concern Worldwide and the Formal Education Network for Private Schools (FENPS).
"Education is the foundation of opportunity and progress, and ensuring that every child in Somalia has access to quality learning is a priority for our ministry. The partnership with Education Cannot Wait represents a vital commitment to expanding educational access for children affected by the crisis, enabling them to continue their studies and build a brighter future. Through this collaboration, we reaffirm our dedication to providing safe and inclusive learning environments, and empowering the next generation with the skills and knowledge they need to thrive," said Farah Sheikh Abdulakdir, Minister of Education, Culture and Higher Education, Federal Republic of Somalia.
"This Multi-Year Resilience Programme is more than a programme – it is a lifeline for thousands of children across Somalia who have been denied their right to education due to conflict, climate shocks and displacement. ADRA is proud to lead this transformative effort alongside our partners Save the Children, Concern Worldwide and FENPS – organizations deeply rooted in the communities we serve and experienced in delivering education in emergency contexts," said Jorge Silva, Country Director, ADRA Somalia. "Together, we will work hand-in-hand with government, ECW, local organizations, Somalia's education cluster and communities to ensure that children not only access school, but thrive in safe, inclusive and supportive learning environments. This is how we build resilience. This is how we build the future."
Political, social and economic instability, compounded by climate change-induced disasters, has led to widespread displacement, acute food insecurity and limited access to essential services including education in Somalia.
Progress is being made, but it is uneven. Seven out of ten Somalis still live below the poverty line. The number of people requiring humanitarian assistance in Somalia peaked in 2023 at 8.25 million. That number is projected to decrease to approximately 6 million in 2025. Nevertheless, protracted conflict, political and economic instability, climate change, and other social and cultural barriers have created wide and systemic fragility in Somalia's education system.
The new programme will be delivered in six locations within the Federal Republic of Somalia. Programme interventions focus on ensuring access to safe and protective learning environments for vulnerable girls and boys, including refugees, returnees and other at-risk groups such as children with disabilities. It also seeks to improve holistic learning outcomes such as basic numeracy, literacy and social-emotional learning, and strengthen the resilience of the education system.
Note to Editors
About Education Cannot Wait (ECW):
Education Cannot Wait (ECW) is the global fund for education in emergencies and protracted crises in the United Nations. We support quality education outcomes for refugee, internally displaced and other crisis-affected girls and boys, so no one is left behind. ECW works through the multilateral system to both increase the speed of responses in crises and connect immediate relief and longer-term interventions through multi-year programming. ECW works in close partnership with governments, public and private donors, UN agencies, civil society organizations, and other humanitarian and development aid actors to increase efficiencies and end siloed responses. ECW urgently appeals to public and private sector donors for expanded support to reach even more vulnerable children and youth.
On X/Twitter, please follow:@EduCannotWait @YasmineSherif1 @KentPage
Additional information available at:www.educationcannotwait.org
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Education Cannot Wait Scales-Up Funding for Education in Somalia with US$17 Million Catalytic Grant
