UNICEF will fund blockchain start-ups

The UNICEF Innovation Fund is planning to invest $50 - 90 thousand to provide early stage finance to blockchain technology start-ups that have the potential to benefit humanity
16 January 2018   1811

The United Nations Children's Fund is a program headquartered in New York City that provides humanitarian and developmental assistance in developing countries, and is a member of the United Nations Development Group.

The UNICEF Innovation Fund announced on January 16 that it was looking to make $50 - 90 thousand equity-free investments to "provide early stage finance to for-profit  technology start-ups that have the potential to benefit humanity".

Unicef blockchain projectsUNICEF Blockchain start-ups

The corporation stated that it is currently looking to invest in a group of companies developing software solutions on open blockchains, namely including:

  • Smart Contracts 
  • Analyzing data
  • Tokens
  • Mining

UNICEF provides:

  • $50- $90,000 in equity-free seed funding
  • Product and technology development
  • Network of mentors who help startup teams develop their business model and strategy to grow their company and ultimately profit
  • Data networks and platforms
  • Network of experts and partners across its Country Offices who can provide geographically localized advice and partnerships needed to reach more users

The submissions deadline is on 11:59 EST February 28th, 2018.

Binance to Join Forces With IdentityMind

IdentityMind provides exchanges with ability to comply with KYC\AML worldwide
26 March 2019   86

Binance announced an agreement with IdentityMind, which will help it ensure compliance with regulatory requirements and improve data security.

IdentityMind provides cryptocurrency exchanges with access to the platform, thanks to which they can monitor compliance with customer identification and anti-money laundering requirements in real time. This includes connecting new customers, managing their profiles and monitoring transactions.

The partnership between Binance and IdentityMind further strengthens our compliance capabilities and our commitment to re-invest in the blockchain ecosystem and grow it. We continue to evolve and enhance security systems while adhering to regulatory mandates in the countries we operate in. The goal is to foster greater trust among financial institutions worldwide.

Samuel Lim

Chief Compliance Officer, Binance

Last year, Bloomberg wrote about the Binance user identification system as the least strict in the entire industry, and linked the “level of anonymity” provided by the exchange with the risks of money laundering and market manipulation.

In October, Binance entered into an agreement with a supplier of transaction analysis software on the blockchains Chainalysis, and in November with Refinitiv, which developed an automated solution for client verification.

Whether the ordinary users of the platform will feel the impact of the integration of IdentityMind tools on themselves, the exchange does not specify.