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Guest-of-Honour Mr Tan Chuan-Jin, Speaker of Parliament, presented the tokens of appreciation to the donors
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In conjunction, the Blockchain Association Singapore inked a Memorandum of Understanding (MOU) with the NTUC-U Care Fund to continue using blockchain technology for fundraising purposes.
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The charity auction raised a total of S$401,211 worth of donations for the NTUC-U Care Fund from Blockchain Association Singapore corporate members and the general public, exceeding the original target of S$250,000.
SINGAPORE, Nov. 12, 2021 /PRNewswire/ — Blockchain Association Singapore (BAS) and the National Trades Union Congress U Care Fund (NTUC-U Care Fund) yesterday jointly hosted the Blockchain for Good Event Night 2021 to recognise BAS corporate members who have contributed to Singapore’s first Non-Fungible Token (NFT) charity auction, ‘Blockchain for Good’. The inaugural charity auction raised a total of S$401,211 from BAS corporate members and the general public for the NTUC U-Care Fund, exceeding the original target of S$250,000. The event was graced by the Guest-of-Honour, Mr Tan Chuan-Jin, Speaker of Parliament, who also witnessed a Memorandum of Understanding (MOU) signing ceremony between BAS and NTUC-U Care Fund to continue the use of blockchain technology for fundraising purposes.
The Blockchain For Good campaign is a joint initiative between BAS and NTUC-U Care Fund aimed at supporting various assistance programmes, including helping families defray their cost of living and their children’s school expenses, as well as caring for the elderly. The NFT charity auction took place between 4 –10 October 2021 and was a great success.
The NTUC-U Care Fund was established in 2009 to consolidate the Labour Movement’s fundraising efforts to better 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 to lessen their…
