Hyderabad Startup 'Statwig' Selected for UNICEF's 1st Cohort of Blockchain Investments
10 Dec 2018 10:49 PM GMT
The United Nations? charity arm for children, UNICEF, is funding research into blockchain technology and for same it has selected six companies in developing and emerging economies, which will together receive $100,000 as an investment from UNICEF's Innovation Fund to solve global challenges using blockchain
- The United Nations’ charity arm for children, UNICEF, is funding research into blockchain technology and for same it has selected six companies in developing and emerging economies, which will together receive $100,000 as an investment from UNICEF’s Innovation Fund to solve global challenges using blockchain technology, said UNICEF in a press release .
- Among six selected companies, one of them ‘StaTwig’ is from India.
- Based out of Hyderabad and incubated at T-Hub, India’s largest startup acclerator, StaTwig is an IoT (Internet of Things) and Blockchain startup innovating Cold-Chain space to prevent wastage of food and vaccines.
- Founded in 2016, by Sid Chakravarthy, Statwig uses Blockchain and IoT to provide an end-to-end traceability of products from manufacturers to customers.
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