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Update on the partnership between EF and UNICEF

We now have supported since 2019 UNICEF’s Cryptofund with recurring contributions, and we’re excited also our most recent donation, Right now, I might wish to share the story of our journey, acknowledge a number of the achievements of our partnership, and speak just a little extra about what’s subsequent.

why and the way we began

one in earlier weblog put upI defined how rising economies characterize an enormous alternative for Ethereum, and talked in regards to the significance of asking your self “Who Will Profit Most From Ethereum?”

Folks dwelling in rising economies characterize the following billion customers and builders of Ethereum. The following query then needs to be: “How will we get to the following billion?”

The Ethereum mission started with a small group of individuals with a shared mission, and at present the mission has attracted lots of of 1000’s of like-minded builders and researchers. This like-mindedness was the pressure that united the neighborhood, however we should acknowledge that it additionally created pure limitations to entry for many who didn’t belong to anybody in the neighborhood. Due to this, I at all times knew that the Ethereum neighborhood lacked the true variety wanted to maximise the true potential of the know-how and attain the following billion.

Across the finish of 2018, I used to be on the lookout for alternatives to develop my attain once I met Chris Fabian of UNICEF Ventures (who now leads it) Giga Venture, which we additionally help). To be sincere, earlier than our first assembly, I used to be skeptical about whether or not EF would work effectively with the UN group. I believed they have been a really conventional, massive group with conventional methods of doing issues. However Chris shared an inventory of objectives he wished to attain utilizing blockchain know-how, and it blew my thoughts.

He and his group understood the significance of public blockchains in addition to the tradeoffs of various protocols. It was at that second that I believed there was a chance for each teams to forge a powerful partnership. UNICEF has a community and sources that we did not, with ongoing work in over 190 international locations and collaboration with a wide range of stakeholders together with NGOs, companies, startups and governments. They have been additionally on the lookout for new methods to embrace change and innovation from inside. That is how our collaboration began and from there we began supporting the UNICEF Cryptofund, which was introduced and launched At Devcon 5 in October 2019.

Chris Fabian and I at Devcon 5, which coincided with Halloween. The UNICEF Ventures group spent sleepless nights coordinating with the headquarters for the launch of the Cryptofund.

unicef ​​cryptofund

Given our collaboration, it was solely pure for EF to turn out to be a founding donor of the UNICEF Cryptofund. CryptoFund is the primary automobile in your entire UN ecosystem – and probably the general public sector at massive – to amass, maintain and use crypto, and it invests in supporting know-how startups inside creating international locations that intention to make a distinction within the lives of youngsters. have to enhance. These startups obtain tokens and use them with out changing them to fiat currencies, inside the objective of creating open-source, digital public items. To this point, 2,527 ETH and eight BTC have been contributed, and 18 investments have been made.

On the similar time, Cryptofunds is attempting to deal with a serious problem for organizations like UNICEF – transparency and accountability. Historically, donors and different stakeholders haven’t had entry to a real-time, tamper-proof view of how a charity spends its cash. Within the case of cryptofunds, each transaction made by the cryptofund is seen its web site With corresponding hyperlinks containing immutable transaction particulars on Blockchain Explorer.

Within the picture above, you may see EF’s most up-to-date donation – first acquired by UNICEF France after which transferred to UNICEF Headquarters.

Cryptofund web site is powered by JuniperAn open-source set of instruments developed by UNICEF Ventures to assist handle digital property. Any public sector group that desires to leverage tokens in a user-friendly, clear method can experiment with Juniper at present.

Most of the 18 startups that acquired Cryptofund investments additionally use blockchain-based know-how of their merchandise, and we’ll proceed to help them by means of workshops and by connecting them to wonderful expertise and initiatives within the Ethereum ecosystem. You possibly can learn extra about these startups creating open-source, digital public items Right here,

I can not stress sufficient how impactful this mission has been – not just for the humanitarian sector and governments, however for the world. It has raised consciousness and allowed the general public to see how it’s doable for a big, established and worldwide group to undertake public blockchains in environment friendly and clear methods. I’ve heard a number of optimistic suggestions and actually hope that extra conventional organizations like UNICEF really feel extra assured in utilizing these public items as effectively.

What is going to occur subsequent?

EF’s collaboration with UNICEF is evolving as we proceed our help for Cryptofund and its portfolio corporations creating digital public items in rising economies. by means of new EF Fellowship Program, we’re supporting two thrilling developments. An EF Fellow – who represents a cryptofund portfolio firm – is working with a number of nationwide and municipal governments in Latin America to make use of blockchain in digital id and verifiable credentials. One other EF Fellow is exploring the intersection of web connectivity and blockchain whereas working with GIGA, a joint initiative between UNICEF and the Worldwide Telecommunication Union (ITU) that goals to offer web entry to each faculty on this planet.

I am excited to share extra about their work within the coming months and look ahead to increasing our attain to the following billion folks by means of our continued partnership with UNICEF. Within the meantime, you will discover him on Twitter: UNICEF Innovation (who manages the cryptofund), UNICEF France (which was the primary nationwide committee to make use of crypto), and Giga,

Lastly, I want to ship my deep appreciation to Sunita Grothe, who leads the UNICEF Enterprise Fund, and Christina Rose Lomazzo, UNICEF’s blockchain lead (in addition to Mehran Hydari, Cecilia Chapiro, and others who have been a part of the journey collectively). To Chris Fabian, for taking these necessary steps ahead.

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