The United Nations' charity arm for children, UNICEF, is funding research into blockchain tech.
, UNICEF is investing $100,000 in six blockchain startups to "solve global challenges using blockchain technology," ranging from healthcare delivery transparency to managing finances and resources.
The investments are part of a broader program which already funds 20 technology startups, according to a press release.
Each of these startups is based in a developing economy, with firms based out of Argentina, Mexico, India, Tunisia and Bangladesh.
The six recipients are Atix Labs and Onesmart, which are developing platforms for tracking finances; Prescrypto, which is building a platform to track patient histories; Statwig, which is working to ensure vaccine delivery with a supply chain platform; Utopixar, which is working on a social collaboration tool; and W3 Engineers, which is looking to develop an offline networking system that does not require internet access.
UNICEF Innovation principal advisor Chris Fabian explained in a statement that the fund invests in projects "when our financing, technical support, and focus on vulnerable populations can help a technology grow and mature in the most fair and equitable way possible."
On top of the funding, UNICEF will provide assistance with the products and technology, as well as share access to its network of partners and experts.
The companies are expected to deliver open-source prototypes of their projects over the next 12 months.
UNICEF image via JPstock / Shutterstock
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