Latest Articles

UNICEF Announces $100,000 Investment in Humanity-Focused Blockchain Projects

UNICEF recently announced that its innovation fund will invest $100,000 in blockchain-based projects aimed at solving global problems.

According to the announcement, the money will go to six companies with the express goal “to deliver open-source prototypes of blockchain applications within 12-months.”

These blockchain companies are far from UNICEF’s only recent technology investments, as the report claims that these 6 will “join 20 other technology startups currently under management by the Fund in fields from data science and machine learning, to virtual reality, to drones.”

“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, and where, we can use this technology to create a better world,” said Chris Fabian, UNICEF Innovation’s principal advisor. “That’s exactly the stage when UNICEF Innovation Fund invests.”

The selection process for this grant money evaluated more than 100 companies from 50 countries, finally settling on 6 that were set to “build prototypes and systems for global problems like transparency in health-care delivery, affordable access to mobile phone connectivity, and the ability to direct finances and resources to social-impact projects.”

One such selected company, the Argentinian Atix Labs, is set to help small businesses gain access to funding. Onesmart and Prescrypto, two selected companies from Mexico, will attempt to address the misuse of funding for social services and give communities access to pharmaceutical prescriptions, respectively. These are joined by the Indian company Statwig, focused on vaccines, the Tunisian social collaboration tool Utopixar and the Bangladeshi W3 Engineers, which hopes to give refugees access to mobile connectivity.

These six companies all rely on distributed ledger technology to accomplish their market solutions, and UNICEF states that “these investments are part of UNICEF’s larger blockchain explorations of using smart-contracts for organizational efficiencies, creating distributed decision-making processes, and working to build knowledge and understanding of distributed ledger technology.”

Focus on blockchain technology development is often centered around economic powerhouses like the U.S. and China, or smaller nations like Switzerland trying to attract international business. Equally important to the future of a truly decentralized system, however, is the ability for developers from nations around the world to build sophisticated and dynamic distributed ledger systems on a domestic basis, things that people really need. On this front, UNICEF has just made a great stride.

ETH Price Analysis: Why Gains Are Being Lost

Distributed Summary:

  • ETH-USD failed to break overhead resistance in the $160 range. This coincided with a failed retest of the supply and demand channel as the market saw a strongly overbought condition.
  • We are currently stuck between support and resistance, but it seems very likely that we will see a retest of the low $90s before any potential bullish pressure hits the markets. If, for whatever reason, we begin to rally, we need to see a decisive, strong close above the $160 level before any macro-trend-changing behavior is seen.

Bitfury Launches Music Project on Exonum and Bitcoin

Bitfury, a developer of blockchain-based hardware and software products, has announced a new initiative: Bitfury Surround. The project aims to build an open-source platform that streamlines operations in the music entertainment industry.

ING Partners With R3 to Adopt Corda Enterprise Blockchain

Distributed Summary:

  • Over five-year partnership, ING plans to leverage applications built on R3’s enterprise blockchain platform
  • Bank receives “unlimited number” of licenses for Corda Enterprise
  • Could mark a significant financial use case for distributed ledger technology

Bitcoin Now Available Through Coinstar Kiosks Nationwide

Distributed Summary:

  • Coinstar and Coinme team up to offer bitcoin-for-cash transactions at grocery stores around the country
  • Twitter users have shared photos of the on-screen process