The UNDP announced Stellar and FLock.io's participation in the Blockchain Accelerator as technical partners, aiming to leverage blockchain technology for climate finance, inclusive energy, and social protection.
New Accelerator Partners
According to the UNDP announcement, Stellar Development Foundation and FLock.io are joining the new cohort of the UN Blockchain Accelerator. Stellar will focus on cross-border payments, while FLock.io will work on privacy-oriented AI strategies within blockchain.
Initiative Goals
The accelerator seeks to leverage the technical expertise of these organizations to enhance blockchain's position in global development, specifically targeting climate finance and social protection. This underscores the UNDP's commitment to integrating blockchain for public good.
Impact on Blockchain and Social Projects
Research indicates that such partnerships often lead to increased developer interest and transaction activity on relevant blockchains. This trend may continue as the second cohort progresses, potentially influencing further innovations in the social impact sector.
The addition of Stellar and FLock.io to the UNDP's Blockchain Accelerator highlights the growing importance of blockchain technology in achieving sustainable goals, addressing issues of climate finance and social protection.
