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The UNICEF Innovation Fund is investing $ 100,000 in six blockchain project development companies, according to an announcement published on December 10th.
The UNICEF Innovation Fund was specifically launched to fund initial and open source technology for the benefit of children. The fund identifies solutions in technology sectors such as blockchain, machine learning, quantum computing, artificial intelligence (AI) and others.
Today's announcement says the Fund will invest up to $ 100,000 in the Argentine software development company Atix Labs, in the Mexican companies Onesmart and Prescrypto, in the Indian startup Statwig, in the development startup of the Tunisian app Utopixar and in the development company of W3 Engineers Bangladesh web app.
Companies will build prototypes and systems that are designed to address global issues such as transparency in the delivery of health services, access to affordable prices for mobile communications, as well as the ability to allocate funding and resources to social initiatives.
The new companies announced will be part of another 20 technology startups, which are already under the management of the Fund in areas such as data science, drones and virtual reality.
According to the announcement, investments are part of the most important block block initiative of UNICEF for the use of intelligent contracts for organizational efficiency and efforts to learn and understand the technology DLP (distributed ledger technology).
"The blockchain technology is still at an early stage – and there's a great deal of experimentation, failure and learning ahead of us when we see how and where we can use this technology to create a better world," said Chris Fabian, Chief advisor at UNICEF Innovation.
In April, UNICEF Australia announced an initiative that would allow the public to use the processing power of their computer to extract cryptocurrency as a donation to charity. Tony Andres Tang, digital brand and content manager for UNICEF Australia, said he was "transparent in the act [they] they are borrowing the processing power of a computer and offer the possibility to choose the amount of energy donated. "
In February, UNICEF initiated a sort of charity initiative for Syrian children, asking PC gamers to use their computers to extract Ethereum (ETH) and donate their earnings. UNICEF said it will use the Ethereum donated to give children access to water, education, and health and hygiene services.
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