UNICEF Is Willing To Fund Blockchain Startups

UNICEF Is Willing To Fund Blockchain Startups

The UNICEF Innovation Fund is ready to fund blockchain startups who develop projects that have the potential to positively affect the world. The United Nations Children’s Fund is able to invest sums ranging from $50,000 to $90,000.

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The UNICEF Innovation Fund is ready to fund blockchain startups who develop projects that have the potential to positively affect the world. The United Nations Children’s Fund is able to invest sums ranging from $50,000 to $90,000.

The foundation is interested in startups that create solutions that are scalable and with global application. The fund is open to all companies operating in different areas of the blockchain development and does not restrain itself to Smart Contracts, Data Analytics, Tokens and mining developers.

The Innovation Fund is newly formed and it focuses on supporting companies, which are in their nascent stage but strive to improve children’s now and future. Fund’s executives main task is to look for promising projects from all around the world. Startups who wish to develop products in the fields of personal data, learning, finance, identity, transport, and delivery or emergency and epidemic response are in the fund’s priority list.

UNICEF has previously counted on blockchain technology as well. The organization believes that distributed ledgers can solve some of the crucial problems in global development. One of those who had already been funded by UNICEF is the Ixo Foundation that has developed a ”proof of impact” protocol which aim is to improve accountability. The protocol shows all project participants that the promised goals are met as everything is recorded on a blockchain.

UNICEF and the Ixo Foundation have together designed Amply. This blockchain-based platform improves the accountability of various public services. Child’s identities are privately created in the Amply network and they assure that each kid receives the public benefits they are entitled.  The real-time data is later used to detect regions where public services should be delivered in a more effective way.

Ethereum network was also used in the creation of a Smart Contract so that third parties-related costs could be reduced to minimum in poorer countries. The smart contracts improve transparency, accountability, and efficiency.

Any startup who is working on a functional, open-source prototype is welcomed to take part in the initiative led by UNICEF until February 28.

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