UNICEF will finance 6 startups dedicated to blockchain technology | eBitcoinics.com

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UNICEF will finance 6 startups dedicated to blockchain technology

new@eBitcoinics.com 11 Dec, 2018 news.eBitcoinics.com Views: 400

The United Nations Children's Fund or Unicef ??will finance six startups focused on blockchain technology.

This organization will invest 100,000 dollars in the six startups to " solve global challenges through blockchain technology ". They were selected through a contest in which they applied more than 100 projects from 50 countries. The startups seek to offer solutions for transparency in the provision of health services, affordable access to mobile phone connectivity and the ability to direct finances and resources to projects with a social impact.

The companies that won the financing were Atix Labs (Argentina) , Onesmart (Mexico) , Prescrypto (Mexico) , Statwig (India) , Utopixar (Tunisia) and W3 Engineers (Bangladesh).They will have to deliver open source prototypes of blockchain applications within a period of 12 months.

UNICEF's chief innovation advisor, Chris Fabian, explained in a statement that the fund invests in projects " when our funding, technical support and focus on vulnerable populations can help a technology grow and mature in the fairest and most equitable way possible " In addition, he said: " The blockchain technology is still at an early stage, and there is a lot of experimentation, failure and learning ahead as we see how and where we can use this technology to create a better world ."

Unicef ??ensures that these investments are part of the " biggest blockchain explorations" of the institution on the use of smart contracts to achieve organizational efficiencies, the creation of distributed decision-making processes and work to develop knowledge and understanding of Distributed accounting technology.

Unicef ??is a program of the United Nations Organization based in New York that provides humanitarian and development assistance to children and mothers in developing countries. He is one of the members and the executive committee of the United Nations Development Group.

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