UNICEF Awards $100,000 to Six Emerging Market Blockchain Projects

The United Nations International Children’s Emergency Fund (UNICEF) has announced the first cohort of investments in emerging market blockchain projects, providing $100,000 to six initiatives aiming to help vulnerable populations tackle daily problems.

The UN body selected the projects among 100 applications from 50 countries. The winners should develop open-source prototypes of distributed ledger technology (DLT)-driven apps in the next 12 months. UNICEF manages blockchain cohorts through its Innovation Fund, which invests in new technology fields such as data science, machine learning, and virtual reality.

“Blockchain technology is still at an early stage – and there is a great deal of experimentation, failure, and learning ahead of us as we see how, a…

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