UNICEF And Blockchain ~ forex trading patterns

         

             One of the founders of UNICEF, Christopher Fabian, mentioning that blockchain technology that is behind Bitcoin can be a solution to address the issue of child poverty in areas prone to conflict. UNICEF will provide funds amounting to 50,000 US dollars to the parties who are willing to develop new technologies such as blockchain to realize this idea.

He explained:

I don’t think its quite there yet, but when were looking at problems like giving someone an identity when they don’t have a sovereign identity granted to them, or how you allow movement of money from one place to another quickly, those are things that blockchain starts to hint at.

      According to Fabian, UNICEF has spent the past year observing developments in the bitcoin and blockchain ecosystem, but that to date it has not taken any steps to invest in startups or develop any in-house solutions.

"So we havent done an investment in it like other technologies, but we have a pretty good track record of testing out and prototyping stuff, and then getting solutions to market that benefit the world’s most vulnerable children.”

      Ultimately, he indicated, the blockchain applications that grow out of the organizations efforts will likely result from work conducted at UNICEF program sites worldwide

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