Hyd-based StaTwig only Indian startup in UNICEF's first blockchain fund
13 Dec 2018 3:23 AM GMT
The United Nations International Children's Emergency Fund (UNICEF)?s innovation fund, which aims to solve global challenges using blockchain technology has picked Six companies from developing and emerging economies to invest in. out of the six companies, Hyderabad-based StaTwig is the only startup from India to get selected.
- The United Nations International Children's Emergency Fund (UNICEF)’s innovation fund, which aims to solve global challenges using blockchain technology has picked Six companies from developing and emerging economies to invest in. out of the six companies, Hyderabad-based StaTwig is the only startup from India to get selected.
- As per a statement from UNICEF, these six companies will 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.
- 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 both in the United Nations and in the countries where UNICEF works.
- From Argentine, Atix Labs will develop a platform for small to medium-sized enterprises to gain access to funding while creating traceability into where the funds are used and measuring the impact.
Next Story
