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UNICEF is donating funds to Ethereum

On Tuesday, 8. October, told the UNICEF official that the organisation has set up a Fund for crypto-currencies. Donations can now be made with digital currencie

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UNICEF is donating funds to Ethereum

On Tuesday, 8. October, told the UNICEF official that the organisation has set up a Fund for crypto-currencies. Donations can now be made with digital currencies running. The children's Fund has already been used for some applications of Blockchain technology for the development work.

Moritz wire
10. October 2019ETH$181,44 -5.32%part Facebook Twitter LinkedIn xing mail

The children's Fund, the United Nations, UNICEF, financed, in addition to the contributions of the UN member States, through public and private donations. The introduction of the new Fund for crypto-currencies allows for the Deposit of donations now also digital currencies.

In the official report it is stated that UNICEF was the first UN Organisation, the "transactions in the crypto currency allows." The organization uses Open-Source technology "for the benefit of children and young people around the world."

UNICEF Executive Director Henrietta Fore said:

This is a new and exciting endeavor for UNICEF. If digital economies and currencies have the potential to go to make generations, it is important that we explore the possibilities they offer. Therefore, the establishment of our crypto currency Fund is a significant and welcome progress in the humanitarian and development work.

The Ethereum platform could, therefore, improve "countless lives".

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The Ethereum Foundation, a Swiss Non-Profit organization of the Ethereum Blockchain, is the first contributor to the new crypto-currency Fund. The managing Director of Aya Miyaguchi said that the Foundation is 100 Ether, has converted donated about 18,000 US dollars, to UNICEF. A part of the funds for the benefit of fellows of the UNICEF innovation Fund. The remaining funds are being used in a project which connects schools around the world with the Internet.

Miyaguchi added:

We want to support the research and development of the Ethereum platform and the community of those increase, the benefit of a technology that will improve in the coming years, countless lives and industries.

UNICEF, new paths in development work

In the field of Blockchain technology UNICEF a leading role for Non-Profit organizations. The children's charity has already several Blockchain projects implemented, to give the development work in the digital age a new impetus.

So, UNICEF has distributed in the past year, for example, US $ 100,000 on the six-block Chain Start-ups. Through these funds, the charity young enterprise, committed to transparency in the health sector, access to mobile phones and financial inclusion from developing countries promoted.

In the same year, the charity has collected funds for charitable purposes by crypto-Mining. In this action, the donors were able to use their graphic cards to mine Ethereum for the humanitarian aid of Syrian children. Support the project, the first fundraising campaign on crypto-base is found, by millions of miners around the world.


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