UNICEF To Invest In Six Blockchain Related Companies

The United Nations International Children’s Emergency Fund (UNICEF) will invest up to $100,000 USD in the six blockchain related companies. According to the press release published on Monday, the six companies are Atix Labs, Onesmart, Prescrypto, Statwig, Utopixar, and W3 Engineers to achieve open-source models of blockchain applications within 12-months.

Chris Fabian, Principal Adviser, UNICEF Innovation 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 six companies were selected from more than 100 applications across 50 countries. The companies will create prototypes and systems for global difficulties like clarity in health-care performance, affordable path to mobile phone connectivity, and the strength to administer finances and resources to social-impact projects. They accompany 20 other technology companies which are currently under supervision by the Fund in fields from data science and machine learning, to virtual reality, to drones.

Chris further stated that

That’s exactly the stage when UNICEF Innovation Fund invests: when our financing, technical support, and focus on vulnerable populations can help a technology grow and mature in the most fair and equitable way possible.

These investments are part of UNICEF’s comprehensive blockchain journeys of applying smart-contracts for organizational capabilities, building shared decision-making processes, and acting to create awareness and perception of distributed ledger technology both in the United Nations and in the countries where UNICEF works.

Six Companies And Their Prototypes

UNICEF’s Hopepage is already allowing internet users to help refugees by assigning a portion of computer’s processing power to enable the site to mine cryptocurrency and afterward donate the funds collected to UNICEF’s Australian Branch.

UNICEF’s Hopepage is already allowing internet users to help refugees by assigning a portion of computer’s processing power to enable the site to mine cryptocurrency and afterward donate the funds collected to UNICEF’s Australian Branch.

With Hopepage, the cryptocurrency is automatically donated to UNICEF Australia and is turned into real funds that reach children through life-saving supplies like safe water, therapeutic food, and vaccines. The longer users stay on the page the more processor power they donate which earns cryptocurrency. Mining is perfectly safe for the users’ computer.

UNICEF’s Innovation Fund will give product and technology support, help with business growth, and access to a network of specialists and partners. The Fund also actively tries second-round investment and assistance for companies it has funded in, as well as the possibility to scale-up these technologies, when they are prosperous, in the more than 190 countries and territories where UNICEF operates.

About UNICEF

According to its website, UNICEF works in 190 countries and regions to shield the rights of every child. It has spent 70 years serving to change the lives of children and their families.

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