UNICEF's Innovation Fund to back Blockchain projects

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  • 6 months ago
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UNICEF’s Innovation Fund will invest up to $100,000 into six companies developing blockchain projects.

Companies receiving the backing of the Fund are, Argentinian software development firm Atix Labs, Mexican tech companies Onesmart and Prescrypto, Indian start-up Statwig, Tunisian app developer Utopixar and Bangladesh’s web app developer W3 engineers.

They will be joined by a further 20 companies already under the Fund’s management, operating in fields such as VA, data science and drone production.

As a collective effort the companies will produce systems to assist with issues such as healthcare delivery, access to mobile communications, social initiatives and financial resources.  

UNICEF Innovation Principal Adviser Chris Fabian, stated that, “Blockchain technology is still at an early stage — and there is a great deal of experimentation, failure, and learning ahead of us as we see how, and where, we can use this technology to create a better world.”

The Fund originally begun as a tool to finance open-source technology that would benefit children, in April UNICEF Australia begun a campaign that would enable users to access its computer’s processing power and mine cryptocurrencies that would be donated to charity.

In February it started a charity by pleading to PC gamers to mine Ethereum and donate the earnings in order to give children in Syria access to health and educational services.




Source: Smart Trend Team