UNICEF fuels: Announces first cohort of blockchain investments in emerging markets

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UNICEF fuels: Announces first cohort of blockchain investments in emerging markets

  • Six companies in developing and emerging economies will receive investment from UNICEF’s Innovation Fund to solve global challenges using blockchain technology
  • Six companies will build prototypes and systems for global problems like transparency in health-care delivery, affordable access to mobile phone connectivity
  • Investments are part of UNICEF’s larger blockchain explorations of using smart-contracts for organizational efficiencies, creating distributed decision-making processe
  • Working to build knowledge and understanding of distributed ledger technology both in the United Nations and in the countries where UNICEF works
  • In addition to funding the start-up companies, UNICEF’s Innovation Fund will provide product and technology assistance, support with business growth, and access to a network of experts and partners
  • The Fund also actively seeks second-round investment and support for companies it has invested in, as well as the opportunity to scale-up these technologies