The 73rd UN General Assembly is expected to host a special symposium to discuss the benefits that come with the use of blockchain technology.

Blockchain for social good

The symposium, which will be held on September 24, will be themed “Blockchain for Social Good: Utilizing Blockchain to Aid Economic Development” and will be attended by renowned technology experts and government officials. The symposium will explore the various ways of using blockchain technology to drive economic development.

The forum will be hosted by Finance Center for South-South Cooperation (FCSSC), Women Political Leaders Global Forum (WPL) and Blockchain Charity Foundation (BCF). The symposium will be held at the UN headquarters in New York.

During the event, Marie-Louise Coleiro Preca,the president of Malta will issue a keynote address. Additionally, participants will take part in roundtable discussions on several matters. During the event, different companies will showcase several bitcoin trials.

Using blockchain to transform the world

In a statement, Helen Hai, the head of BCF said that bitcoin is known for improving transparency, efficiency and accountability to charitable activities. She noted that this, blockchain contributes towards accelerating the reduction of poverty around the world, creates more jobs and boosts economic growth.

Hellen added that her company is happy to be taking part in such a high-level engagement as well as working with global organizations and industry stakeholders.

BCF is a non-profit organization that mainly specializes in the supporting the adoption of blockchain technology as a way of improving the social well-being of the people. The company supports the use of blockchaion technology so as to help in implementing the 2030 2030 UN Sustainable Development Goals. Currently the company is working with global partners and organisations so to to promote the adoption and use of emerging but disruptive technologies around the world.

In his side, Silvana Koch-Mehrin, the founder and president of WPL said that they are optimistic that the technology as well as the digitization will be of great importance in advancing the social good around the world. WPl brings together female politicians from around the world, who work together to boost women influence and access to leadership positions around the world.