UNICEF invests in 6 blockchain startups

UNICEF, representing the United Nations International Children’s Emergency Fund, has invested in some blockchain initiatives that will benefit humanity.

Bitcoin and Ethereum undoubtedly created a whole new horizon in the world of Blockchain. While this area continues to grow rapidly, many companies, governments and charities are investing in this field and new initiatives are supported. One of the providers of this support is UNICEF.

UNICEF, an organization representing the United Nations International Children’s Emergency Fund, was commissioned by the UN in 1946; It was created to help children in areas that were in poor condition after World War II. In the first place, these benefits included providing food, medicine and other care services.

In 1953, UNICEF’s assistance and goals began to reach women. It seems as if he is aiming to help all people regardless of age and gender.

In January 2018, UNICEF issued a call for new companies using blockchain technology. The company has announced that it will invest in blockchain companies that will benefit humanity.

Following hundreds of applications and long months of investigation, UNICEF has selected six new initiatives to invest $ 100,000 in each .

Today, we look at six blockchain initiatives that UNICEF is worth investing in.

1. W3 Engineers

W3 Engineers, a company based in Khulna, Bangladesh, is using blockchain as a base in mobile messaging application.

What makes the W3 Engineer’s application so appealing is that it uses network technology (a network of communication devices) to connect its users. Because this technology does not need to be connected to the internet devices. The more devices connected, the stronger the network.

W3 Engineers aims to use the blockchain application to bring together more than 68 million people, who are struggling with major problems such as violence and poverty worldwide. The app is expected to provide access to education, healthcare and business opportunities to those in need of help.

2. Utopixar

Utopixar is a Tunisian-based company selected for the blockchain-based social vehicle by UNICEF. From December 2010 to December 2012, the company was inspired by the Arab Spring, a series of demonstrations and riots in the Middle East.

Utopixar’s blockchain tool aims to increase co-operation in communities, organizations and groups aimed at confronting social issues. Utopixar users to participate in social and community activities token there is also a system that rewards. Tokens can be used in cash in the community markets.

3. StaTwig

UNICEF is investing in StaTwig to support its struggle against the food and pharmaceutical supply chain.

Centrally located in India, the company wants to ensure that food and medicines are delivered to children in time. In some regions, it is difficult to procure materials and the existing supply chains are inefficient, causing delays, delays and losses in deliveries.

StaTwig uses blockchain technology to bring together everyone (manufacturers, distributors, financiers, regulators and consumers) involved in the supply chain. While providing transparency to everyone involved in the network, the initiative also reduces the possibility of resource waste for people in need.

4. OneSmart

One Mexico based company, OneSmart, was in ested by UNICEF because of its commitment to resource allocation.

The company creates a blockchain-supported platform to record what governments are doing with the resources allocated for public use. OneSmart’s platform will also benefit the states, because they will have access to the blokchaine and anda continuous access to new and better data One.

With OneSmart, UNICEF hopes to improve government funding and service delivery, thus increasing public confidence.

5. Atrix Labs

UNICEF also invested in Atrix Labs because of its goal of improving investments.

We can say that the biggest problem with the investments is not the access to investors, but the transparency between the investor and the investor.

The Argentine company Atrix Labs is a platform that uses blockchain technology to help finance initiatives in Southeast Asia. The platform aims to link up initiatives that require funding from investors from all over the world. Since the platform will be a blockcha, it is stated that this technology will provide transparency to all investments.

6. Prescrypto

Finally, the Prescrypto, who wanted to take medical records, was another blockchain initiative that attracted UNICEF’s attention. Mexican Prescrypto is installing a system called RexChain that uses blockchain technology to store people’s sensitive medical records.

It is sometimes difficult for medical professionals to reach people’s medical history. Usually the fax path is being used to access these records. RexChain stores medical records with blockchain technology and allows these records to be shared when requested. This system also makes it difficult to use medical information for commercial purposes.

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