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The United Nations charity arm, UNICEF, funds blockchain technology research.
Announced Monday, UNICEF is investing $ 100,000 in six blockchain startups to "solve global challenges using blockchain technology," ranging from the transparency of healthcare delivery to the management of finance and resources.
Investments are part of a larger program that already funds 20 technology startups, according to a press release.
These are the latest investments of UNICEF in blockchain startups through its innovation fund, which initially mentioned the movement as early as February 2016 and has launched an appeal for companies in space explicitly at the # 1. beginning of this year.
Each of these start-ups is based on a developing economy, with companies based in Argentina, Mexico, India, Tunisia and Bangladesh.
The six recipients are Atix Labs and Onesmart, which are developing platforms for monitoring finances; Prescrypto, which is building a platform to track patient stories; Statwig, who is working to ensure delivery of the vaccine with a supply chain platform; Utopixar, who is working on an instrument of social collaboration; and W3 Engineers, which is trying to develop an offline network system that does not require Internet access.
UNICEF principal advisor Chris Letian explained in a statement that the fund invests in projects "when our funding, technical support and attention to vulnerable populations can help technology grow and mature in the fairest and most equitable way possible ".
He added:
"Blockchain technology is still at an early stage – and there's a great deal of experimentation, failure and learning before us when we see how and where we can use this technology to create a better world."
In addition to funding, UNICEF will provide assistance with products and technology, as well as share access to its network of partners and experts.
Companies should produce open source prototypes of their projects in the next 12 months.
UNICEF has been examining the blockchain for years, investing in an identity-focused startup two years ago and experimenting with smart transaction contracts.
Image of UNICEF via JPstock / Shutterstock
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