UNICEF Plans to Invest $100,000 into Six Different Crypto Companies to Progress Blockchain Tech
In an announcement from UNICEF on December 19th, their Innovation Fund is looking for ways to progress in blockchain technology. The fund has decided on a $100,000 investment, which will be split amongst six companies.
The point of the fund originally was to help with the early stage and open-source technology that can ultimately help their charitable work with children. In the work about fund, the organization narrowed down solutions that deal in technology, including blockchain, machine learning, quantum computing, artificial intelligence, and others.
Based on the information provided today, the six companies that will be involved include Atix Labs, Onesmart, Prescrypto, Statwig, Utopixar, and W3 Engineers. Though the companies will split the fund amongst them, their prototypes and systems will remain independent to deal with global issues that blockchain could solve. Healthcare delivery, mobile applications, and social initiatives are just a few of these use cases.
Presently, there are 3020 other tech startups that the Fund manages, dealing in areas like drones, virtual reality, and data science. The startups are organized with smart contracts, as part of the larger picture involving blockchain technology. It also affords the opportunity to learn and understand distributed ledger technology as a whole.
The principal adviser for UNICEF Innovation, Chris Fabian, said,
“Blockchain technology is still at an early stage — and there is a great deal of experimentation, failure, and learning ahead of us as we see how, and where, we can use this technology to create a better world.”
Earlier this year, in April, UNICEF Australia launched a project that would make it possible to mine for charity on a personal computer’s processing power. The digital brand and content manager for the Australia location, Tony Andres Tang, said that they
“are transparent in the fact [they] are borrowing a computer’s processing power, and provide the ability to choose how much power is donated.”
Two months prior, UNICEF asked PC gamers to use their systems to mine Ethereum, and then subsequently donate it to a charity drive they were hosting for Syrian children. With the funding, these children would have renewed access to education, health services, water, and more.