UNDP Brings Ethereum, Cardano, and Stellar Together to Explore Blockchain for Public Good

UNDP forms a Blockchain Advisory Group featuring Ethereum, Cardano, and Stellar to leverage blockchain technology for global development and social good.

The landscape of blockchain is rapidly changing, and with it comes the potential to reshape communities and enhance global development. Earlier this week, the United Nations Development Programme (UNDP) announced the formation of a Blockchain Advisory Group (BAG) that includes heavyweights like Ethereum, Cardano, and Stellar. This coalition aims to harness blockchain technology for social good and address pressing global challenges. What Is the Purpose of the Blockchain Advisory Group? Launched on June 3 during the Proof of Talk 2026 event in Paris, the Blockchain Advisory Group comprises 26 organizations dedicated to exploring practical blockchain solutions. UNDP Associate Administrator Haoliang Xu remarked on the group’s objectives, stating, “Blockchain technologies are evolving rapidly, but the key question is how these innovations can meaningfully contribute to stronger public systems and better development outcomes for people and planet.” This initiative shifts the focus away from the typical cryptocurrency discussions centered on market prices and towards actionable use cases that could significantly benefit governments, institutions, and underprivileged communities. How Will This Initiative Address Real-World Issues? The inaugural meeting of the BAG highlighted significant issues surrounding financial inclusion and digital identity. Participants engaged in discussions surrounding the many barriers to entry for digital financial services, including: Disorganized payment systems Limited access to digital identity Interoperability challenges Institutional readiness By leveraging the collective expertise of the group, the UNDP hopes to facilitate better access to these pivotal services, thereby enhancing the lives of marginalized populations worldwide. Can Blockchain Deliver on Its Promises? The formation of the Blockchain Advisory Group builds on a foundation of existing UNDP blockchain projects across various regions, including Africa, Latin America, the Caribb