Technology
UNICEF Invests In Six Blockchain Startups
The Innovation Fund is investing in blockchain to solve global challenges
UNICEF (United Nations International Children’s Emergency Fund) published a ‘blockchain call’ to startups a few months back with the primary aim of benefiting humanity, and has now, decided to invest in six blockchain startups.
Reportedly, UNICEF called early-stage startups registered in UNICEF’s program countries in January 2018 and received more than 100 applications from 50 different countries. The organization’s Innovation Fund already consists of 20 other technology companies working on virtual reality, drones, data science and machine learning and others.
New Investments to Form a Broader Blockchain Initiative for UNICEF
UNICEF Innovation Fund will make an investment of up to $100,000 in Atix Labs, Onesmart, Prescrypto, Statwig, Utopixar, and W3 Engineers, according to the announcement made on December 11.
UNICEF believes that the new investments will form a major part of its blockchain strategy and said:
“Using smart-contracts for organizational efficiencies, creating distributed decision-making processes, and working to build knowledge and understanding of distributed ledger technology both in the United Nations and in the countries where UNICEF works.”
Blockchain Solutions to be Delivered Next Year
The startups are focused on a range of issues and located around the world.
Onesmart, headquartered in Mexico, is working to ensure the correct delivery of social funds and services to children and young people by scaling a prototype application.
While Prescrypto, also based in Mexico, aims to improve electronic prescriptions by building a platform to store the medical histories of patients
Atix Labs, another startup, is based in Argentina and offers a platform for small to medium-sized businesses to earn funding and track into where the funds are received and used.
Statwig is based in India and is working on a solution related to supply chain management to enable efficient vaccine delivery.
W3 Engineers based in Bangladesh aims to connect refugee communities and migrants with an offline mobile networking platform that requires neither a stable internet connection nor a sim card.
Utopixar is based in Tunisia and is building a social tool that will allow communities and organizations to use it for decision-making and the transfer of value.
All the chosen startups need to deliver open-source prototypes of their blockchain applications within the next 12 months.
According to Chris Fabian, the Principal Adviser at UNICEF Innovation:
“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.”
Assistance will be provided
The UNICEF’s Innovation Fund will support the startups and will help them grow by giving full access to global partners and experts. Not only this, but the humanitarian agency will also assist the startups in gaining second-round of investment. If the startups are successful in implementing the technologies, UNICEF might also provide them with an opportunity to implement them in 190 countries that the organization covers.
Related article:
How Blockchain-Based Digital Identities Help Refugees Rebuild Their Lives
you’re in point of fact a excellent webmaster. The site loading speed is incredible. It kind of feels that you’re doing any unique trick. Moreover, The contents are masterpiece. you’ve performed a great activity in this matter!
Along with everything that seems to be building within this subject matter, a significant percentage of perspectives are quite exciting. Nevertheless, I am sorry, because I do not subscribe to your entire strategy, all be it stimulating none the less. It would seem to everybody that your commentary are not totally justified and in fact you are your self not thoroughly confident of your point. In any case I did take pleasure in examining it.
Hi there, i read your blog occasionally and i own a similar one and i was just wondering if you get a lot of spam comments? If so how do you protect against it, any plugin or anything you can advise? I get so much lately it’s driving me crazy so any support is very much appreciated.
Great write-up, I am normal visitor of one?s web site, maintain up the nice operate, and It’s going to be a regular visitor for a long time.
Thanks for the recommendations shared using your blog. Yet another thing I would like to say is that fat loss is not supposed to be about going on a dietary fads and trying to reduce as much weight as possible in a few months. The most effective way to shed pounds is by getting it little by little and obeying some basic recommendations which can allow you to make the most from the attempt to shed pounds. You may recognize and already be following some of these tips, but reinforcing information never affects.
hi!,I like your writing very much! share we communicate more about your post on AOL? I need a specialist on this area to solve my problem. May be that’s you! Looking forward to see you.
Wow! This could be one particular of the most helpful blogs We’ve ever arrive across on this subject. Actually Fantastic. I’m also a specialist in this topic so I can understand your hard work.
Great site. Plenty of useful information here. I¦m sending it to several buddies ans additionally sharing in delicious. And certainly, thank you on your sweat!
Terrific paintings! That is the kind of information that should be shared across the net. Shame on Google for not positioning this post upper! Come on over and talk over with my website . Thank you =)
Do you have a spam issue on this website; I also am a blogger, and I was wanting to know your situation; many of us have created some nice procedures and we are looking to swap strategies with other folks, please shoot me an e-mail if interested.