SANBA has four main objectives:
- Connecting academia, civil society, business and government into a pre-competitive collaboration space to support research, development and innovation in blockchain technology and its application.
- Facilitating skills development, advocacy and education on “all things blockchain”.
- Catalysing blockchain adoption in all sectors of South Africa.
- Leveraging the blockchain ecosystem as a lobbying platform to tackle issues blocking blockchain adoption in South Africa.
SANBA was initially founded by the Department of Science and Innovation, their Office of Digital Advantage and the CSIR. However, the Alliance will be run and governed by the blockchain community using blockchain principles. SANBA is distributed and decentralised with members of the ecosystem providing nodes of expertise and taking responsibility for driving activities within their nodes. The body helping to drive SANBA‘s objectives is the “Consensus Forum”, made up of approximately 12 nominated blockchain experts within South Africa. These members represent a cross-section of the blockchain ecosystem (start-ups, industry, academia, business, government, civil society).