[By Samuel Chung ten@tenspace.co.kr] In an innovative step that melds blockchain technology with international philanthropy, Block ESG has donated a scholarship fund of 20 million KRW to Malawi’s Jalira Girls National Secondary School. The donation, part of a broader initiative to boost education and self-reliance among young women in Africa, marks a significant development in efforts to overcome longstanding financial and logistical barriers in the region.

The announcement came during a ceremony held in collaboration with The Better World, an incorporated association dedicated to fostering social entrepreneurship and spearheading international development projects. “Despite challenges such as unfavorable exchange rates and cumbersome remittance processes in Malawi, blockchain allows us to transfer funds transparently and efficiently,” said Block ESG CEO Kang Bong-jun. He expressed hope that the scholarship would transform the school into a model of educational excellence and economic independence.

At the heart of this initiative is Jalira Girls National Secondary School’s mission to broaden access to quality education and empower its students through vocational training and job opportunities within the community. Founder and longtime advocate Nurse Baek Young-shim, reflecting on three decades of service in Malawi, emphasized that sustainable change begins with education. “We believe that this scholarship will serve as a catalyst for change, paving the way for the next generation of Malawian women to realize their dreams,” she said.

The event also featured the signing of a memorandum of understanding between Block ESG and The Better World. The agreement formalizes their shared commitment to alleviate poverty and promote self-reliance through collaborative, technology-driven projects. Executive Director Kim Bu-yeol of The Better World described the scholarship as “a precious opportunity to enhance Malawi’s educational landscape,” and confirmed plans to roll out similar initiatives across the continent.

Block ESG’s recent donation to Cambodia in January underscores its ongoing dedication to establishing sustainable models for international educational support. With its latest venture in Malawi, the organization is setting a precedent for how blockchain technology can redefine charitable giving in regions historically hindered by financial obstacles.