Tron will be collaborating with Binance Blockchain Charity Foundation (BCF) and the United Nations Development Programme (UNDP) to work towards improving social welfare. Tron founder Justin Sun announced the collaboration on Twitter, following an earlier post in which he stated that he hoped the Tron Foundation could collaborate with BCF and Binance to ramp up the adoption of blockchain technology.
— Justin Sun (@justinsuntron) October 9, 2018
Last month, BCF had announced that it will contribute $1 million to the UNDP. The announcement was made during a side event at the 73rd UN General Assembly, co-hosted by BCF, Finance Center for South-South Cooperation (FCSSC) and the Women Political Leaders Global Forum in New York City.
“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 BCF.
“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,” Hai added.
BCF was set up by Binance, one of the world’s largest cryptocurrency exchanges by trading volume. The not-for-profit organization is also supported by Tron, a blockchain platform for a decentralized entertainment ecosystem.
According to a report by Today’s Gazette, the Tron Foundation has earmarked sizable funding for achieving the goal of BCF.
Image via Shutterstock
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