AlgoBharat, Algorand Foundation's initiative focused on India, reaffirms its dedication to the Indian Web3 ecosystem with significant announcements made during the Algorand Impact Summit. This two-day event brought together business leaders, policymakers, NGOs, and developers to explore how blockchain can address some of the world's most challenging issues. 

The firm said in a statement that these partnerships align with Algorand's overarching vision to provide broader access to markets, capital, and financial services by harnessing the potential of blockchain technology. This is particularly aimed at benefiting underserved segments of society with limited access to traditional banking infrastructure, it added. 

Staci Warden, CEO of Algorand Foundation, said, “India's remarkable role in global technological progress has inspired us to establish a distinctive presence in the country. In just a year, our strategic collaborations and innovative blockchain solutions with key players have pioneered financial inclusion, with the potential to impact millions of lives in underserved communities. As we contribute to the growth of the global Web3 ecosystem, our journey in India has only just begun, with much more ground to cover."   

“Blockchain technologies can bring profound upliftment by providing greater access to markets, capital, and financial services. The Algorand Impact Summit stands as a testament to our belief in the Indian Web3 ecosystem.”  says Anil Kakani, Vice President and India Country Head at Algorand Foundation “Partnering with those who share our passion, we are eager to witness the tangible on-the-ground impact on improving access to markets, capital, and financial services.”  

Globally, the Algorand Foundation has revealed a collaboration with the United Nations Development Programme (UNDP) to launch a blockchain academy. This initiative aims to enhance the expertise of UNDP staff in blockchain technology and its practical applications for sustainable development.  

Set to launch in 2024, the Algorand Blockchain Academy will focus on key areas such as financial inclusion, supply chain transparency, real-world asset tokenisation, and digital identity. The comprehensive curriculum, comprising recorded lectures, interactive workshops, and hands-on assignments, will be accessible to over 22,000 UNDP employees across 170+ countries and territories, as well as staff members at other UN agencies.