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UNICEF Innovation Fund invests in blockchain projects

UNICEF invests in blockchain projects
UNICEF invests in blockchain projects

According to an announcement published on December 10, UNICEF Innovation Children's Fund is investing $ 100,000 in six companies to develop blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details

UNICEF, an innovative children's fund, was created specifically to fund open source technologies that can benefit children. The Foundation funds such technical areas as blockchain, machine learning, quantum computing, artificial intelligence (AI), and others.


Fund investments

Today's announcement says that the Fund invests up to $ 100,000 in Argentine software development firm Atix Labs, Onesmart and Prescrypto Mexican technology companies, Statwig Indian startup company, Utopixar Tunisian application development startup and W3 Engineers web application development firm from Bangladesh.

Companies will separately create prototypes and systems designed to solve global problems, such as transparency in the provision of medical services, easy access to mobile communications, and the ability to allocate finance and resources for social development.

According to the announcement, investments are part of a larger UNICEF idea. The use of blockchain and intellectual contracts, to improve organizational efficiency, as well as efforts to study and understand the technology of the calculation book (DLT).

"The Blockchain technology is still at an early stage – and we have a lot of experimentation, setbacks and learning ahead, many new ideas, how and where we can use this technology to create a better world", said Chris Fabian. UNICEF chief advisor of innovation.


Foundation Development

In April, UNICEF announced an idea that would allow the public to use the computing power of their computer for miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
cryptocurrency as a donation to charity. Tony Andres Tang, digital brand and content manager for UNICEF in Australia, said that everything is fair and transparent, "they borrow the computing power of a computer, and provide the opportunity to choose how much energy is donated".

In February, UNICEF began conducting charity events for children in Syria, asking gamers to use their computers. UNICEF stated that it would use the donated Ethereum to provide children with water, food and access to education, health and hygiene.

Editor: Yulia Krasnaya

See also: "Brave decentralized browser became the basis for HTC smartphones"

#UNICEF #fund #blockchain #financing



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