Company
Date Published
Author
Chainlink
Word count
524
Language
English
Hacker News points
None

Summary

Blockchain technology is being leveraged by UNICEF's Social Impact Initiative to unlock new social and economic opportunities, emphasizing transparency and efficiency that traditional systems struggle to offer. Through the UNICEF Venture Fund and Giga, the initiative supports blockchain-based projects aimed at empowering communities, particularly focusing on cryptocurrencies, tokens, smart contracts, and blockchain oracles. These projects aim to improve service delivery accountability, enhance digital connectivity, and foster new economies while raising young people's living standards. Projects are encouraged to create decentralized systems for value exchange and supply chain tracking, offer innovative economic models, and empower communities with financial services and participatory decision-making. Successful applicants can receive up to $100k in equity-free cryptocurrency investments, with additional funding and support available for those leveraging Chainlink. UNICEF, operating in 190 countries, strives to promote children's rights and wellbeing, utilizing innovative solutions like blockchain and artificial intelligence to benefit vulnerable children globally.