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   1332

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 Partner with Chainalysis for AML

Use of Chainalysis KYT solution will allow to compile with KYC- and AML-norms and also simplify the process of opening bank accounts
18 October 2018   83

The largest exchange by daily trading volume Binance uses software from Chainalysis, called Chainalysis KYT [know your transaction], to monitor real-time transactions and identify transfers related to criminal activity. This is stated in a joint press release.

Cryptocurrency businesses of all sizes face the same core challenge: earning the trust of regulators, financial institutions and users. We expect many to follow Binance's lead to build world-class AML compliance programs to satisfy regulators globally and build trust with major financial institutions.

Jonathan Levin

Co-Founder and COO, Chainalysis

Thus, the use of software from Chainalysis not only guarantee compliance with the KYC- and AML-norms, but also simplify the process of opening bank accounts.

By working with Chainalysis, we are able to continue building a foundational compliance program that enables the next phase of our growth. Our vision is to provide the infrastructure for a blockchain ecosystem and increase the freedom of money globally, while adhering to regulatory mandates in the countries we serve.

Wei Zhou

CFO, Binance

Chainalysis KYT release was held in April.