UNICEF Believes Blockchain Can Solve Global Challenges

UNICEF Believes Blockchain Can Solve Global Challenges

News we are pleased to write. The UNICEF joined the Blockchain revolution this Monday as its Innovation Fund will invest in six companies from five different countries.

Developers will work in systems to solve global problems in Healthcare, mobile communication and funding distribution in social initiatives.

According to a press release published by the international organisation, the UNICEF’s Innovation Fund will contribute with up to $100,000 USD in the companies that would work in open-source prototypes of blockchain applications within in the next 12 months.

The companies are from five different countries, the Indian startup Statwig, Tunisian app developer Utopixar, Argentinian software development firm Atix Labs, the web apps developer W3 Engineers from Bangladesh, and two tech organisations from Mexico, Onesmart and Prescrypto.

“Selected from more than 100 applications across 50 countries,” says the press release. “These six companies will build prototypes and systems for global problems like transparency in health-care delivery, affordable access to mobile phone connectivity, and the ability to direct finances and resources to social-impact projects.”

Chris Fabian, Principal Adviser, UNICEF Innovation, affirmed that UNICEF could use blockchain technology to create a better world. “That is 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.”

As for the projects, Atix Labs will provide a platform to gain access to funding and to track where funds are used.

Blockchain Applied in Social Initiatives

Onesmart will work on a solution to fight against misappropriation of funds and to ensure all state-provided social services reach their right recipients.

Prescrypto will work in the healthcare sector as it will provide a digital solution for countries that don’t have electronic prescriptions. The idea is to have a universal and common history of a patient that can improve the level of care.

Statwig will provide solutions to improve the implementation of vaccines in a supply chain management system.

Utopixar will develop a social media solution to enhance the collaboration and participation of communities and organisations in decision-making and value transfer.

W3 Engineers will work with refugee and migrant communities to provide them with an offline mobile networking platform that doesn’t need sim cards or internet connection.

The UNICEF interest in blockchain is not new, previously, UNICEF invested in smart contracts solutions for transactions and identity-focused startups.

Interested? “Prototypes of software, platforms and applications are available, demonstrations can be arranged upon request,” the press release states.

Ready to join our tribe?

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

ChangeNOW,Decentralised,Fraud

ChangeNOW’s AML Action Lead To The Return Of $15M COMP

Earlier this week, ChangeNOW announced that it was able to identify and return 45,505 COMP back to Compound. The estimated value of this recovery is around the $15m mark. This remarkable achievement is further proof of the effectiveness of the exchange’s Anti-Money Laundering (AML) procedures. In an announcement made on ChangeNOW’s website, the company provided […]

6 October, 2021
CFD Trading Platform,eToro,Trading

eToro Lowers The FTD Minimum Across Several Countries

eToro, the social trading and multi-asset platform, has decided to lower the minimum first time deposit, or FTD. Until further updates, users who sign up today using the link below will be able to fund their trading account with as little as $50. This offer is only valid to users in selected countries. To participate […]

24 September, 2021
ChangeNOW,Cryptocurrency,Investment

ChangeNOW Launches The NOW Tracker App

The young, but fast-growing online cryptocurrency exchange, ChangeNOW, has just announced the release of its latest product. The NOW Tracker is a free asset management app that lets users keep track of their coins and tokens across different wallets. Available on Google Play and the App Store, NOW Tracker is flexible and functional. This solution […]

9 September, 2021
eToro,Investment,Trading

eToro Becomes An Official Partner Of RB Leipzig

The world’s leading social investment network, eToro, has recently announced a new and exciting partnership. According to an announcement on eToro’s Twitter page, the company has become the latest partner of the German football team, RB Leipzig. A two-year partnership agreement has been signed between the parties. Running until 2023, this agreement can be extended […]

24 August, 2021
Binance,Bitcoin,token

PSG’s Messi To Receive Part Of His Salary In Cryptocurrency

The Argentinian footballer, Lionel Messi, has made headline news several times in the past few weeks. Following his surprise departure from FC Barcelona, the player confirmed that he will be joining Paris Saint-Germain FC. The move was significantly newsworthy but got even more interest when it was announced that part of the footballer’s salary will […]

23 August, 2021
Blockchain,Casino,Ethereum

KingTiger Casino Announces Shut Down

KingTiger Casino has announced that it has ceased all operations until further notice. According to its website, the casino has had to “temporarily close” due to Ethereum network congestion. It is not yet clear if and when this online Bitcoin casino will reopen. Meanwhile, we invite you to check out other Bitcoin casinos from our […]

12 August, 2021
Binance,Casino,Cryptocurrency

CryptoCasino Announces Temporary Close

CryptoCasino has stopped operating until further notice. According to a landing page on their website, the casino is undergoing an update. There is no information about when the casino will reopen or the reason why an update required the website to shut down temporarily. Players who hold a crypto wallet account with CryptoCasino need not […]

11 August, 2021
Binance,Bitcoin,SEPA

Binance Suspends SEPA Inward Payments Until Further Notice

Binance Suspends SEPA Inward Payments Until Further Notice Binance has just announced that it has temporarily stopped all incoming SEPA payments. As a result, users will no longer be able to deposit euros using the primary European payments network. The world’s largest cryptocurrency exchange did not provide any specific information regarding the reason behind this […]

12 July, 2021