[ad_1]
Blockchain technology is much more than digital currencies. The incursion of this technology into various areas of everyday life is erasing the gaps of ignorance and the doubts that existed about it, showing that its potential is unlimited. Recently, the UNICEF Innovation Fund will put resources into blockchain projects, which will once again demonstrate the positive impact of blockchain.
The vision of UNICEF in this particular is basically to make it easier for entrepreneurs and innovators in emerging economies to solve real-life problems with distributed general ledger technology (DLT).
In a press release in recent days, the UNICEF Innovation Fund, which is a unit of the United Nations International Emergency Fund for Children (UNICEF), which It focuses on putting economic resources in solutions that can impact the lives of vulnerable children around the world, and has announced that it will allocate up to $ 100,000 in six blockchain technology projects currently under development.
The selection method for these six blockchain developments consisted of a selection of over 100 applications from 50 countries and dealt with solutions that respond to transparency in the provision of health care, access to the mobile phone connectivity and other areas that can provide global solutions to problems.
Selected blockchain and open source developments must be operational within a period of no more than twelve months. The selected companies are Atix Labs, Argentina, which will create a transparent platform to allow new companies to easily raise funds and measure the impact of funds for their projects, Onesmart, a Mexican company that will build a blockchain-based solution for tackle the misappropriation of funds, Prescrypto also from Mexico, Statwig from India, Utopixar from Tunisia and W3 Engineers from Bangladesh.
This is a first major step of UNICEF in relation to blockchain initiatives, technology that adds Artificial Intelligence as one of the new technologies that have been supported by allocating resources to projects that can have a positive impact on the lives of children in vulnerable situations around the world.
Blockchain technology can still be considered a very young technology, and its implementation and its broad understanding to be adopted in this way could take many years or even decades. However, for the innovation of UNICEF, despite the nascent nature of DLT, UNICEF will continue to look for ways to use blockchain technology to create a better world from every perspective.
In fact, the UNICEF Innovation Fund invests in new technologies and developments when a technology proves to be able to grow and mature in a way that contributes to making a positive impact on the lives of many children in vulnerability situations around the world.
Blockchain technology will continue to be taken into consideration by the multilateral organization in a significant way, in fact the UN itself has announced that blockchain technology would be integrated to add efficient solutions to different critical circumstances globally.
