In the latest blockchain news on our DC Forecasts crypto news site, we have the United Nations International Children’s Emergency Fund (UNICEF) and its plans to invest in six blockchain startups.
In January this year, UNICEF called for early-stage technology startups that were registered in one of UNICEF’s programme countries. There were more than 100 applications from 50 different countries. Meanwhile, the organisation has 20 other tech companies in its Innovation Fund already, ranging from data science startups to machine learning organisations.
The new investments, according to the press release submitted by UNICEF, form part of a wider blockchain strategy for the humanitarian agency. As the release noted:
“Using smart-contracts for organisational efficiencies, creating distributed decision-making processes, and working to build knowledge and understanding of distributed ledger technology both in the United Nations and in the countries where UNICEF works.”
The UNICEF Innovation Fund was announced today as a venture that will invest up to $100,000 USD in Atix Labs, Onesmart, Prescrypto, Statwig, Utopixar and W3 Engineers as the six listed blockchain startups so far. The startups must now deliver the open-source prototypes of their blockchain applications within the next 12 months.
UNICEF’s Innovation Fund will also provide product and growth assistance as well as access to its network that includes experts in many fields as well as investment partners. If the tech is successfully developed, there will be further opportunities to apply them in the 190 countries covered by the organisation.
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