You know that the crypto space is in good hands when an organization like the United Nations Children’s Fund (UNICEF) is making a move. According to today’s announcement , the UN program will be offering equity-free investments in the $50k to $90k range in order to seed stage startups developing solutions on open blockchain as well as areas that include smart contracts, tokens, mining as well as data analysis.
As they say in the release:
“We are interested in companies that use distributed ledger tech in new, groundbreaking, ways that are scalable, and globally applicable.”
The entire initiative is the latest move by the nonprofit where the Innovation Fund is offering technical assistance from the UNICEF Ventures team to selected projects only. This will validate and improve their solutions. The dedicated blockchain team on hand will benefit startups but also promote the organization as one that is making a leap forward in as many fields as possible.
Previously, UNICEF invested in a South African blockchain startup (November 2016) as part of a broader technology innovation push. According to the leading guy behind the UNICEF Office of Innovation Ventures, Chris Fabian, the move marks the first step in the broader innovation push.
“I believe that there is a very near future where we will be using blockchain, the bitcoin blockchain maybe, other distributed ledgers, to do central operational tasks.”
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