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3 blockchain startups in Latin America have completed the UNICEF Innovation Fund

April 24, 2020

UNICEF has been operating a risk investment fund since around 2016. Various blockchain technology projects have been carried out from this fund, particularly in South Africa, where the technology is used to deliver humanitarian aid.

By the end of 2018 UNICEF held a competition for new technology initiatives based on blockchain technology Among other things, this is intended to promote the improvement of cross-border services, education, security and learning.

At the end of the selection Three Latin American companies were selected for UNICEF funding through a fund managed by the Ethereum Foundation. For this purpose, this foundation will pay out the funds that these startups receive for the development of their projects.

3 blockchain startups in Latin America have completed the UNICEF Innovation Fund3 blockchain startups in Latin America have completed the UNICEF Innovation Fund

The Latin American companies selected by UNICEF were Prescrypto (Mexico), Atix Labs (Argentina) and Os City (Mexico), which were selected from more than 100 applications. They propose solutions to a variety of global problems, e.g. For example, expanding access to electronic prescriptions, making mobile phone connectivity more affordable, and improving access to finance for local projects with social impact.

Everardo Barojas, founder of Prescrypto, a blockchain-based electronic prescription company, said the UNICEF fund was the right choice for his company. “They support the positive impact this can have, especially for under-represented communities.”he says.

Prescrypto used the funds to produce on a larger scale and to support the community around the project. There are also plans to adopt regulatory standards from other countries outside of Mexico such as Chile so that it can expand.

Audrey Tan, project manager at Atix Labs, discovered the UNICEF funding opportunity in a chat room on Telegram Cross-border funding for women is more democratic, accessible and transparent and will use the investment to continue to launch a pilot product for local communities in Southeast Asia.

For its part, Os City built an intuitive platform with which certificates can be issued in the Ethereum Blockchain networkHowever, it is also an open source network that allows the user to compile templates for the certificates before certification. At the same time, it provides intelligent services in a way that brings the concept of trust and transparency to the government.

Each of these companies sponsored by UNICEF was accompanied by experts on blockchain issues, but also the support of UNICEF in project development allowed companies to have external funding approachesThis clearly enables ideas in and from projects to be brought to efficient solutions.

Fintech companies in Latin America remain a fundamental bastion in the development of countries For this reason, the increase has become one of the most important investments in countries such as Argentina, Brazil, Chile, Mexico, Colombia and other countries in the region in recent years.

The work of the team from UNICEF does not end at the end of this accompanying yearOn the contrary, the team is continuously looking for cooperation with other organizations that are interested in financing, accelerate new companies or want to investigate the solutions offered by these startups. This collaboration between UNICEF and Ethereum Classic Labs (ETC), from which they have received funding, is an integral part of the solutions that UNICEF wants to provide to society.

Among the qualities of these three Latin American companies, their current implementation in the region can be highlighted. With the creation of RexCahin, Prescrypto made it possible to store the medical records in a single database and for the various specialists associated with a patient in real time, to create the medical records and to issue medical prescriptions based on these records, which in some cases Die Cases are also digital within the same network to avoid falsifying the signature when buying medicines.

They received an additional contribution from the UNICEF Ethereum Foundation in collaboration with Os City for the special nature that development services focused on.

For its part, Os City managed to establish the operation of its platform in various modules in Mexicoand offers concrete solutions to the governments of the regions Contribute to the elimination of corruption above allbut also in the urban development of cities, which at the same time provide access to information about the real estate and the order of the city.

It is represented in Argentina, the provincial university of the southwest that was the first university in Argentina to certify diplomas in the blockchain network. The Mayor’s Office of the Municipality of Bahía Blanca uses the platform developed by Os City to ensure transparency in the management of the resources received to finance works of art and culture.

It is also present in Chile, the national government uses the platform to fight corruption and at the same time to reduce bureaucracy, to make error-free records in public contracts and to use energy.

In Brazil, Os City ventured to create a unique database that unified information about public transportation and its players. This means that it is cheaper to negotiate issues such as rate increases.

Of the three Latin American companies that participated in this project sponsored by UNICEF, Os City has received 13 international awards and recognitions related to the development achieved through UNICEF’s leverage.

For its part, Atix Labs was reached through the Círculo de Ángeles platform, where the use of RSK smart contracts enables small and medium-sized companies to connect with large companies and do it together Funding studies for low-income people.

The main difference of this platform is that the benefactors have access to the transparency of the funds and can thus support new projects.

UNICEF hopes that sponsoring such projects will lead to improvements in its own vaccine purchasing systems, such as: currently wanting to implement a blockchain network to ensure the transparency of the process, and all indications are that there are fintech companies in Latin America that can achieve this.

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