Blockchain Startups Get $100,000 Funding From UNICEF

Wilfred Michael 

Wilfred Michael

Reporter

11 December 2018,
21:17
Blockchain Startups Get $100,000 Funding From UNICEF

Six blockchain startups have been awarded $100,000 by the United Nation’s International Children Emergency Fund (UNICEF) according to a press release by the organization on Monday.

The six projects being invested into by the UNICEF are said to be working on “solving global challenges using blockchain technology.” They include AtixLabs (Argentina), OneSmart (Mexico), Prescrypto (Mexico), Statwig (India), Utopixer (Tunisia) and W3 Engineers (Bangladesh).

The release confirmed that AtixLabs and Onesmarts are was working on the development of a platform that tracks the movement of funds while the latter focuses more on making it easy for a local business to get funding for its activities.

Prescrypto is aiming to improve electronic drug prescriptions while Statwig will use a blockchain-based system to monitor the supply chain for vaccines. Lastly, Utopixar and W3 engineers are working on community-based blockchain tools that will make social collaboration a lot easier.

Sharing his thoughts on the recent move, UNICEF Innovation Fund Principal Adviser Chris Fabian applauded the potential of blockchain technology to create a better world and pledged to continue to support the adoption of the invention in countries where it is yet to get off the mark.

 

UNICEF Promotes Blockchain For Emerging Markets

Understandably, the location of the blockchain startups benefitting from the $100,000 UNICEF fund confirms that the organization may have a focus on promoting adoption of the technology in regions where it is less known.

The sponsored startups come from Argentina, Mexico, India, Tunisia, and Bangladesh, world jurisdictions that have seen little or no significant blockchain use cases, unlike their Asian or Europe or even the US that is looking to adopt blockchain for public security.

Such an outlook will serve the new industry very well in the long run since it will take the technology to the mainstream and allow more public participation in the decentralized economy.

The blockchain startups are now expected to deliver a prototype of their application to the UNICEF within the next twelve months. They will also have access to the UNICEF’s extensive network of experts and partners during the duration of the development while standing a chance to promote their product in the over 190 countries where the organization operates.

 

Subscribe to our Telegram channel to stay up to date on the latest STO and crypto regulations news