SINGAPORE, July 28, 2022 /PRNewswire/ — As part of Singapore Blockchain Week 2022, Blockchain Association Singapore (BAS) and National Trades Union Congress U Care Fund (NTUC-U Care Fund) jointly hosted the Blockchain for Good Gala Dinner 2022 on Tuesday July 26 recognize BAS member companies who have contributed to the charity campaign held from June 25 to July 26, 2022. This charity campaign raised a total of $120,000 corporate members of BAS, namely CTH Foundation & Atlas, NCS Pte Ltd, Nexia TS and Rubix. The event was honored by the guest of honour, Mr. Desmond TanMinister of State, Office of the Prime Minister and Deputy Secretary General of the NTUC, who attended the presentation of a $100,000 check from the CTH Foundation to the NTUC-U Care Fund.
The Blockchain For Good Campaign is a joint initiative between BAS and NTUC-U Care Fund to support where proceeds will go to the charity’s various assistance programs.
The NTUC-U Care Fund was established in 2009 to consolidate the labor movement’s fundraising efforts to improve the welfare of low-income union members and their families. Since its inception, the NTUC-U Care Fund has strived to make a difference in the lives of its low-income members and their families by helping them reduce their financial burden.
Commenting on Blockchain For Good, Mr. Chia Hock Laico-chairman of BAS, said: “This is the second year that a charitable campaign has taken place in favor of the NTUC-U Care Fund which has raised over $120,000 funds to help low-income union members and their families. It is indeed heartening that our BAS members continue to present themselves as donors despite the impact of the slowdown in the technology sector. I hope this unique initiative will spark the interest of businesses and individuals to join us in similar ways to make this a sustainable fundraising effort for a worthy cause.”
Guest of Honor Mr. Desmond TanNTUC Deputy Secretary General, said, “We are grateful to all the donors who have contributed to the campaign. Amid the rising cost of living, profits will provide an extra boost, to help our workers through these difficult times. We look forward to the continued partnership with BAS, where we can continue to improve the well-being of our low-income workers and their families. »
jack wangChief Financial Officer of CTH Group, said, “It is our privilege to participate in the Blockchain For Good initiative organized by BAS to help all these families in need. CTH Group and its subsidiaries IDEG, Atlas and Fundamental Labs are all committed to Singapore market and will continue to actively support the local community. It is also part of our global ESG plan to practice Tech for Good and help build a more inclusive society.”
About Blockchain Association Singapore
The Blockchain Association Singapore (BAS) seeks to empower its members and the community to leverage blockchain and scalable technologies for business growth and transformation.
The Association is designed to be an effective platform for members to engage with multiple stakeholders – both regional and international – to discover solutions and promote best practices in a collaborative, open and transparent manner. It aims to promote knowledge of blockchain and create a strong talent pool for the digital economy by Singapore.
For more information, please visit: https://singaporeblockchain.org
About Blockchain for Good
Blockchain For Good (BFG) is a corporate social responsibility (CSR) initiative of the Blockchain Association Singapore (BAS). We have been supporting the PolyFinTech100 API hackathon for a few years, through which we train talented all-round students in blockchain fields.
In 2021, we have decided to expand our CSR to host an NFT Charity Auction with the NTUC-U Care Fund, to raise funds to support various assistance programs, including helping families cover their cost of living and school expenses of their children, as well as care for the elderly. This year, the charity campaign ran from June 25 to July 26, 2022.
About the NTUC-U Care Fund
The NTUC-U Care Fund was established in 2009 to consolidate the labor movement’s fundraising efforts to improve the welfare of low-income union members and their families. Through the collective efforts of NTUC-affiliated unions, associations and social enterprises, as well as management and tripartite partners, more than $110 million has been paid since 2009 to help workers affected by the economic downturn and fund our assistance programs. Since its inception, the NTUC-U Care Fund has strived to make a difference in the lives of its low-income members and their families by helping them reduce their financial burden.
For more information, please visit: https://www.ntuc.org.sg/wps/portal/up2/home/aboutntuc/ucare