The Fund is interested in software solutions on open
blockchains, related to smart contracts, data analysis, crypto-tokens, crypto-currency
mining and other areas.
Innovation Fund  is looking to invest in companies developing software solutions on open blockchains .
UNICEF will provide $50-90,000 in the form of equity-free
investments in early stage (seed) finance to for-profit technology start-ups
that have the potential to benefit humanity.
The Fund is looking for start-ups registered in one of
countries with a working, open source prototype (or if they willing to make
it open-source). The solutions should be scalable and globally applicable.
Software solutions could be related to smart contracts, data
analysis, crypto-tokens or crypto-currency mining. The Call goes on to provide
a non-comprehensive list of potential applications the Fund would be interested
For instance, the startups could explore the use of smart
contracts to replicate and improve on existing organisational mechanisms;
enhance efficiencies, transparencies, and accountabilities in contractual
engagements (i.e. multi-signatory contracts that guarantee certain actors were
involved); boost transparency in distribution of resources by better tracking
of movement of money; or support interactions across groups (what would a SWIFT
code for development look like, if described in Solidity)
The UNICEF Innovation Fund is also interested in using
machine learning to understand the activities on public blockchains; using crypto-flows
to help organisations and governments do and understand their transactions more
efficiently; or using blockchain data to solve humanitarian challenges, for example,
using bitcoin data (bitcoin is used for illegal transactions on the dark web
because of the anonymity afforded by it) to fight human trafficking.
Crypto tokens could be used to incentivise or support
behaviour that benefits humanity or various tokens could be connected to each
other. In addition, non-fungible tokens (non-fungible tokens are supposed to
represent a real word asset that is unique and non-divisible unlike cash or
other currencies) could be used for social good.
Another example given is the use of passive distributed
mining networks to create investment funding opportunities for the UNICEF
Funding opportunities are not limited to the above-mentioned examples
of software solutions.
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