This Innovation Fund was purposefully announced to finance open-source and early evolving technology helping the children. It recognizes the solutions in technical areas including blockchain, artificial intelligence (AI), machine learning, deep learning, quantum computing, etc.
The recent announcement reads “Fund is planning to invest around $100,000 in Atix Labs, a software development firm at Argentina, tech companies Onesmart and Prescrypto at Mexico, a startup Statwig at India, Tunisian apps modeling startup Utopixar, along with web apps development company W3 Engineers at Bangladesh.”
The firms prepare to individually build prototypes | systems that will address global issues including
- Transparency in healthcare delivery,
- Affordable access to mobile communications,
- Ability to allocate finances/resources in social initiatives
This new introducing firms will further join 20 other tech startups. The new startups coming in are already under management by the Fund. Moreover, they operate in sectors such as drones, data science, and virtual reality.
The news also says that the investments will be part of a greater blockchain initiative at UNICEF. This project will use smart contracts for purpose of organizational efficiency. Meanwhile, they will infuse efforts to explore and learn about distributive ledger technology (DLT). Moreover, the Principal Adviser at UNICEF Innovation, Chris Fabian states,
Blockchain technology is still at an early stage. There is a great deal of experimentation, failure, and learning ahead of us. We can see how, and where, we can use this technology to create a better world.
Back in April, UNICEF at Australia initiates to let public use their system’s processing power for mining cryptocurrency as a means to donate charity. Also, the digital brand content manager at UNICEF, Tony Andres Tang was providing his full support.
Moreover, in February, UNICEF starts a charity drive relatively for Syrian children. They were asking PC gamers to make use of their system to mine Ethereum and in return donate their earnings. UNICEF purely focuses on driving the bright future for children by this program. As, this drive will give children access to education, water, along with health and hygiene services.
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