The co-founder of Polygon Labs, Sandeep Nailwal, announced that the decentralized philanthropic organization Blockchain for impact (BFI) has already allocated more than $ 90 million for projects focused on health care.
Nailwal is also the founder of Blockchain for Impact, and he revealed that BFI had another 200 million dollars engaged in future projects.
BFI in particular supports Health care, research and climate efforts on a global scaleand among his projects are key efforts to bring solar energy At 25,000 health centers and an offer of $ 68 million for syringes and equipment during the COVVI-19 pandemic.
Future projects aim to promote biomedical research, health care innovation and climate resilience.
Polygon and blockchain for impact to improve global health care
Blockchain for the impact is a pioneer philanthropic organization founded by Sandeep NailwaL, co-founder of Polygon.
BFI operates blockchain technology to meet the global challenges of health care and sustainable development, focusing on transparency, efficiency and sustainable impact.
Thanks to strategic partnerships and innovative programs, BFI aims to be at the forefront of decentralized philanthropy, leading to a positive change worldwide.
His approach takes advantage of blockchain technology to achieve greater transparency, efficiency and scalability, and establishes new standards for decentralized donations.
Nailwal said:
“Our fundamental mission is to guide a strategic philanthropy which is avant-garde, transparent and innovative by creating evolutionary systems capable of transforming health care during generations.
Philanthropic initiatives
BFI recently launched its first program, the BFI-BIOME Virtual Network Program (BIOME)Designed to create a Dynamic virtual network for biomedical innovation.
Over the next three years, this program aims to empower Over 46 startups Thanks to Kickstarter initiatives, scholarships and support for innovators, the creation of partnerships with more than 15 medical colleges and more than 50 research projects to initiate a community of more than 600 researchers.
In particular, BFI funding has already had a measurable impact Indiawhere he activated, for example, the Solar energy of public health centers (PHC).
BFI played a fundamental role in the initiation of the enormous fundraising of the Selco Foundation to bring solar energy 25,000 health establishmentsWith its initial investment of $ 6 million.
96% of health care operators declare an improvement in patient care, while a reduction of 83% of vaccine waste has been obtained thanks to stable refrigeration.
In addition, to deal with access to health care in the floods regions, BFI has co-financed the Assam hospital ship, which is a floating hospital serving 450,000 people per year with 24/7 medical assistance, maternal health services and emergency surgeries.
He also deployed 12 health scholarship holders through Meghalaya, in partnership with Unicefand has implemented human -centered design solutions to meet the challenges of public health.
During the Pandemic COVID-19, it allocated $ 68 million in rescue, by purchasing 128 million syringes for the Indian vaccination program thanks to a partnership of 15 million with UNICEF and providing essential medical equipment and emergency facilities.
The future objectives of polygon and blockchain for a revolution in the health care industry
Among future initiatives stand out on Samarth medical innovation programa grant that brings together Colleges of Medicine and Engineering Institutes develop commercially viable health products in key areas such as cancer research,, Antimicrobial resistanceAnd Development of medical devices.
There is also the European biomedical exchange programA residence program for Indian biomedical startups, which gives access to European regulatory expertise and venture capital networks to support global expansion.
Another future project is the BFI-BIOME virtual network extensionOne of the largest collaborative biomedical research networks in India, which brings together leading institutions such as IISC Bangalore, Bits Pilani, Iit Bombay and CCMB to accelerate digital innovation.
Cryptographic philanthropy
A recent ratio of the donation block highlights the rapid growth of cryptographic philanthropy, with more $ 1 billion of donations recorded in 2024.
According to the report, more than 70%of the main charitable organizations based in the United States now accept crypto, with education (16%) and healthcare / medication (14%) among the main beneficiaries.
Given that donations in CruptoValtete should reach $ 2.5 billion by 2025BFI takes advantage of the transparency and efficiency of blockchain to ensure that these funds produce tangible and high impact results in fields such as medicine and climate action.
