A United Nations Agency Has Launched a Crypto Fund

The adoption and widespread use by the mainstream public are vital for crypto and Bitcoin to eventually reach its full potential. Acceptance from global government entities is nearly as important, as they wield the power to prevent the asset class from developing further.
However, a recent nod of support has arrived from the United Nations, with one agency under the multinational body launching its very own cryptocurrency fund.
UNICEF Becomes First UN Organization To Launch Crypto Fund
The United Nations International Children’s Emergency Fund (UNICEF) has revealed that is has become the first United Nations organization to both hold crypto and conduct transactions in the digital asset class.
Their mission is to provide emergency food, medical supplies, and even education to children who are unable to fend for themselves due to economic conditions, war, and other atrocities.
Related Reading | UNICEF Adds Six Blockchain Startups From Developing Nations to its Innovation Fund
Appropriately dubbed the UNICEF Cryptocurrency Fund, it allows the UN agency to “receive, hold, and disburse donations” of Ethereum and Bitcoin. The firm says that they will use crypto to fund a variety of open source technologies that will benefit kids in need across the globe.
Any cryptocurrencies donated to the fund will be held in the same crypto that was contributed and will be granted out in that same cryptocurrency. The first contribution was made by The Ethereum Foundation, and the grant will benefit three grantees from the UNICEF Innovation Fund – Prescrypto, Atix Labs, and Utopixar – as well as a “project coordinated by the GIGA initiative to connect schools across the world to the internet.”
UNICEF says that the launch is part of “ongoing work with blockchain technology,” and that the agency is part of the UN Innovation Network – responsible for “researching the potential and pitfalls of blockchain and other emerging technologies.”
Aya Miyaguchi, Executive Director of the Ethereum Foundation said that the UNICEF Cryptocurrency Fund would “improve access to basic needs, rights, and resources” and that crypto as a technology would “better countless lives and industries in the years to come.”
Related Reading | Unicef Australia Creates In-Browser Crypto Mining Website
This isn’t the first time UNICEF has shown interest in cryptocurrencies and how they may help children in need. Last year, UNICEF launched The Hope Page – a website interested philanthropic individuals can go to, and allow browser-based cryptocurrency mining software to utilize computer resources to mine for crypto that is then donated to UNICEF Australia.
The agency says that it “works in some of the world’s toughest places,” and crypto makes it easier and faster to send funds to regions without technological infrastructure. UNICEF’s stamp of approval and support of cryptocurrencies is great for the general acceptance of the emerging asset class, and even better, it demonstrates how the technology can benefit third-world countries that lack infrastructure or a thriving economy.
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UN Begins Official Investigation into Cyber Crime Sponsored by North Korea

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UN Begins Official Investigation into Cyber Crime Sponsored by North Korea
Following its report naming North Korea as the brain behind several crypto cyberattacks, the UN has now begun an official investigation into the illicit activity.
UN Begins Official Investigation into Cyber Crime Sponsored by North Korea

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Source: CoinSpeaker

UN Using Blockchain to Promote Transparency in Rebuilding Process in Afghanistan

The United Nations will reportedly use blockchain technology as part of its efforts to aid the redevelopment of Afghanistan. The plan forms part of the supranational body’s “City for All” programme aimed at modernising the infrastructure of the nation’s urban centres.
Blockchain technology is hoped to bring much-needed transparency to the redevelopment process. The management of Land Records is one area that the immutable data sharing innovation will be used in.
Blockchain Technology Finds Use in UN’s Afghanistan Efforts
According to a report in technology news publication Sociable, blockchain technology will be put to use by the United Nations Office of Communication and Information Technologies (UN-OICT) in Afghanistan. The plan is to use the technology to help the government keep track of its Land Records in a transparent and secure fashion.
Spokesperson for the UN Secretary-General Stephane Dujarric stated that the United Nation’s urban development department, UN-Habitat, would be working alongside the Afghani government as part of its “City for All” programme.
The programme states that there are three components needed for a peace and subsequent development in the nation’s urban centres. These are effective land management, strategic urban planning, and improved municipal finance and governance.
Dujarric went on to comment directly on use of blockchain technology to help the Afghan government with the redevelopment process of the nation’s urban centres:
“The blockchain solution shall serve as a key tool in the delivery of these fundamental components.”
The use of blockchain in the nation is part of a Memorandum of Understanding between the UN-OICT and UN-Habitat. The goal of the memorandum is to promote a framework of cooperation between developing nations with regards to cutting-edge technology. It has particular focus on urban design and planning and the main nations involved so far in the scheme are Afghanistan, India, Bangladesh, and Sri Lanka.
Below, you’ll find Dujarric speaking in 2018 about how the UN subdivision envisages using blockchain technology:
Blockchain technology has been touted by many as a revolutionary way of sharing data across distributed networks in which the parties do not necessarily trust one another. Data uploaded to a blockchain is incredibly difficult to adjust and can be accessed by any party permitted by the network rules. This has meant that proponents of the technology have claimed it will transform just about every industry imaginable,
Elsewhere in blockchain technology news this week, Oxfam has teamed up with a blockchain-based insurance startup to provide financial safeguards to farmers in Sri Lanka. The two, along with professional services provider Anon, will create an automated weather reporting system that updates an immutable, distributed ledger of previous claims. The increased efficiency this will create will make insurance products more affordable for farmers in the nation.
 
Related Reading: Blockchain Association to Oversee Spending of the Defend Crypto Fund
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How The United Nations Are Using The Blockchain To Help The Developing World

The United Nations have announced that they are developing a new initiative which uses blockchain technology to help further their support for developing nations. The announcement came at the 73rd annual UN General Assembly, hosted in New York.
Named the United Nations Development Programme (UNDP) the initiative aims to use blockchain technologies to help improve the lives of people living in developing nations across the world. According to The Next Web, Haoliang Xu, the Assistant Secretary General at the United Nations said:
“We believe that blockchain is a technology that can have a huge impact in the developing world in numerous ways.
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Source: Crypto Daily