UNICEF to invest in blockchain startups to save children’s lives

Investing | February 2, 2016 By:

The United Nations Children’s Fund (UNICEF) announced it will fund 60 blockchain startups or initiatives to improve the lives of children in developing countries.

The UNICEF Innovation Fund has raised $9 million, which they will begin to invest in tech start-ups they find most worthy. Submitted applications will be considered for their relevance to children, for the strength of the team behind the project, as well as how much potential the technology could have in the future.

Unicef is looking to fund companies in three areas: learning products, real-time information delivery and “infrastructure to increase access to services and information.

“These three areas are ripe for investment due to rapidly changing technologies such as blockchain, 3-D printing, wearables and sensors, artificial intelligence and renewable energy,” said UNICEF’s innovation efforts Christopher Fabian.

The United Nations Children’s Fund is a United Nations program headquartered in New York City that provides long-term humanitarian and developmental assistance to children and mothers in developing countries.