Sandeep Nailwal started Blockchain For Impact as a philanthropic organization to help healthcare and clinical research get $90 million plus funding. Through its new program the organization will allocate $200 million to use blockchain technology to strengthen public health systems across the world.
BFI uses its funding to support healthcare companies while enabling essential medical research together with climate protection projects. The organization directs its funds to several projects such as Samarth Medical Innovation Program and extends its BIOME Virtual Network across Europe.
Crypto Donations On The Rise
The BIOME Virtual Network stands as BFI’s major program to promote biomedical innovation by creating an online platform. During the next three years the initiative wants to assist 46 startups through introduction grants funding fellowships and strategic strategies. Together with medical colleges they will enable 600 researchers to take part in 50 specific research initiatives through partnership agreements.
BFI uses blockchain technology to create a reliable system that tracks and confirms all funding activities in charitable programs. Sandeep Nailwal shows why blockchain should aid organizations to do their best work. Sandeep Nailwal told stakeholders that our project uses blockchain security to track resources effectively.
Sandeep Nailwal leads the way in using blockchain technology for charitable causes. Sandeep established an India COVID relief fund that yielded substantial crypto contributions from industry leaders like Ethereum co-developer Vitalik Buterin and the previous Coinbase technology executive Balaji Srinivasan. The fund honored pandemic relief measures throughout India with its funds.
Future Of Blockchain Philanthropy
Blockchain giving power is growing stronger through current patterns. The Giving Block discovered that charities across the world got over one billion US dollars in cryptocurrency donations during 2024. Statistics revealed that crypto donations jumped from $2252 to $10798 in 2024.
People across the world are experiencing the effects of crypto-based donations. A UAE crypto business Fasset partnered with Kitabisa’s Islamic charity partner for Indonesian clients to let people use USDT to donate to religious causes. The joint effort between these organizations proves how digital assets can be added to common giving systems today.
The new funding from BFI shows that it aims to lead in healthcare advancements through blockchain technology worldwide. The organization remains committed to medical research and startup investment which will help address global health problems using blockchain technology over an extended period.
The ongoing development of blockchain technology proves through BFI and other initiatives that blockchain can benefit society as it improves public services and helps create better healthcare settings. BFI operates at the forefront of philanthropy with its $290 million funding package for current and future initiatives to inspire similar efforts from other charities.