In the very near future TimiHealth will begin advancing consumer monetization of genomics data with a 70/30 split with the owners of the data. In simple terms, consumers will receive 70% of the compensation received when they opt in to share their data in the TimiHealth blockchain powered ecosystem. To learn more and take care of your genomics data visit: http://app.timidna.com

Data privacy is becoming more and more important; TimiHealth.com enables a new opportunity by giving consumers full data privacy and an ability to share in the value generated from their data.

The US healthcare industry has a multi-billion dollar marketplace for information sold to data brokers, pharmaceutical companies and device manufacturers. Yet consumers/patients receive none of the financial benefits. TimiHealth found some great examples of the deals that revolved around the sale of genomics data to pharmaceutical companies. This is a glaring example of big corporations profiting off consumers.

Millions of people pay direct to consumer genomic companies substantial fees to obtain information regarding their heritage, genetic disposition for certain disease states, or pharmacologic compatibility with drug regimens. Unfortunately, most consumers are unaware that the personal data gleaned from such tests can then be sold to any number of research organizations for huge profits—none of which are realized by the consumers themselves.

TimiHealth’s solution ensures that patients are in control of their own data where they can give permission for it to be used by their chosen healthcare providers and/or participating in the Timi Marketplace for data monetization.

“TimiHealth is driven by a mission to remedy these inequities by enabling consumers to own, control, and monetize the value of their health data, including that about their genomic data. TimiHealth is built on the principles of trust, transparency and empowerment, with a goal of putting control back into the hands of the true owners of this valuable data—consumers themselves,” said Will Lowe, Co-Founder of TimiHealth.

About TimiHealth:
The blockchain powered ecosystem providing portability, security, and control of consumer genomics and health data.

Over 10,000 participants are expected to attend the Chain2020 event, which is set to take place in Hong Kong on Jan. 15, 2020. The event is organized as a series of educational conferences focusing on Blockchain and FinTech technologies and related subjects for entrepreneurs, government officials and individuals seeking to integrate and promote the use of alternative financial technologies in the global economy.

The Chain2020 event will be featuring a broad range of conferences hosted and presented by more than 35 internationally recognized experts and speakers. Some of the prominent attendees scheduled to speak at the conference include:

• Zoran Djikanovic, Ph.D., Professor of Economics at UDG, author of several papers on regulation and market infrastructure development
• Susan Oh, recipient of The Quantum Impact Award in partnership with the UN General Assembly as one of the Top Ten Frontier Women in Digital
• Richard Chen, technologist with vast experiences in successfully building internet applications, big data and AI and blockchain technologies
• Dinis Guarda, author, academic, influencer, serial entrepreneur and leader in 4IR, AI, Fintech, digital transformation and Blockchain
• Susanne Tarkowski Tempelhof, award-winning entrepreneur, a crypto activist and writer, working in frontier environments

The Chain2020 event is specifically being organized in the Asian region to attract the attention of the region’s population to the use of blockchain technologies and cryptocurrencies and increase the level of education and awareness about their application. The organizers of the event are confident that the series of conferences will help bolster awareness about the technologies and promote their penetration into various areas of social and business activities.

Chain 2020 offers a series of educational conferences promoting blockchain in the Asian region, aiming to become one of the key players locally and on a global scale. The mission of the event is to become a comprehensive source of blockchain knowledge, enhancing mass adoption of the new technology in the region, and become the most influential and mind-captivating platform aiming to create connections and partnerships that will have a long-lasting impact on the industry. The organizers of the event seek to advocate blockchain initiatives in ASIA and support mass adoption of the technology to advance business, science, and society.

To learn more about Chain 2020 please visit: https://www.chain2020.com
Find Chain 2020 on Facebook: https://www.facebook.com/Chain2020
Follow Chain 2020 on Twitter: https://t.me/chain_2020

The “Blockchain Technologies in Healthcare” report has been added to ResearchAndMarkets.com’s offering. This report examines blockchain technology in healthcare by noting selected activities, partnerships, etc. of companies and organizations either in the healthcare industry directly or in enterprises outside of healthcare such as software or platform development.

Blockchain is essentially a tool that has the potential to keep secure data in a distributed ledger with the capability to be shared across networks.

The concept behind blockchain is that it has three components:

• A widely distributed network
• A shared ledger with validated access identities
• Digital transactions

Blockchain technology is emerging in many other industries but it has some unique challenges in healthcare.

This report discusses some of the major application areas for blockchain technology in healthcare:

• Genomics
• Storage of Electronic Health Records
• Enabling Personal Health Records (PHRs)
• Drug Supply Chain Security
• Provider Data Management
• Clinical Trial Management
• Medical Device Tracking and Tracing
• Food Safety Diagnostics

Key Topics Covered

1. Executive Summary

• Introduction
• Some Applications for Blockchain in Healthcare
  • Genomics
  • Storing and Enabling of Health Records
  • Drug Supply Chain Security
  • Provider Data Management
  • Clinical Trial Management
  • Medical Device Tracking and Tracing
  • Food Safety Diagnostics
• Blockchain in Healthcare: Some of the Major Players
• Methodology

2. Blockchain Technologies in Healthcare

• Introduction
• Genomics
• Storage of Electronic Health Records
• Enabling Personal Health Records (PHRs)
• Drug Supply Chain Security
  • Challenges for the Pharmaceutical Industry
  • Benefits for the Pharmaceutical Industry
  • The FDAs Role
• Provider Data Management
• Clinical Trial Management
• Medical Device Tracking and Tracing
• Food Safety Diagnostics
• Players in the Blockchain in Healthcare Market
• Amazon Web Services, Inc.
• Apple
• Austin Blockchain Collective Healthcare Working Group
• Blockchain in Healthcare Global
• The Blockchain Research Institute
• Boehringer Ingelheim (Canada) Ltd.
• BurstIQ
• CareChain
• Change Healthcare
• Cisco
• Digital DNAtix Ltd.
• doc.ai
• EMIS Group
• EncrypGen
• Evernym
• Genecoin
• Genetic Technologies Limited
• Genomes.io
• Google (Alphabet, Inc.)
• Guardtime
• IBM
• Intel
• Kadena
• LunaPBC / LunaDNA
• Medicalchain
• MedRec
• Microsoft
• MyGenomeBank
• MyHealthMyData (MHMD)
• NantOmics
• Nebula Genomics
• Oracle
• Professional Credentials Exchange (ProCredEx)
• Quest Diagnostics
• Rymedi
• RF Ideas
• Shivom
• SimplyVital Health
• ShoCard
• Solve.Care
• Spiritus Partners
• Synaptic Health Alliance
• TimiCoin / TimiHealth
• Walmart
• WHISE-Embleema Consortium
• WuXi NextCODE / LifeCODE.ai
• Zenome

For more information about this report visit https://www.researchandmarkets.com/r/db47fe

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

When there is a conversation about the biggest publishers in the field of science the names nature and science are always included. Let’s imagine that the ongoing blockchain revolution is incubating a publishing house of such caliber. What type of ecosystem would it bring forth and which groundbreaking technologies would it integrate?

Crypto Commonwealth is considered to be one of the most ambitious projects. Their vision is to create a community that incentivizes effort and quality of publications, with the ultimate goal to create a journal as successful as Nature and Science. The project claims to have a strong network of researchers in top universities and plans to invite more of them to join, as well as funding their research in academia. They intend to distribute 100% net profit back to the authors, editors, and reviewers, paying for their contributions in their native token COMM. Excellent contributions will make the ecosystem stronger, encouraging and inviting more people to play a part within as everybody looks for incentives.

Crypto Commonwealth focuses not only on becoming a top tier publisher of all things,  crypto or not. It also envisions becoming a digital and traditional asset manager that can potentially outperform BTC and the stock market growth in the long term. Its strategy construction follows the “trilemma in portfolio management”. Under this model, three variables are considered: high return, low risk, and high capacity. Those who have some experience investing in traditional or crypto assets, either in IPOs, ICOs, IEOs or directly in the secondary markets have learned, maybe the hard way, that it is not possible to embrace these three vertices simultaneously. For COMM the presence of two of these factors excludes the third as well. It is on this understanding that high return and low risk exclude high capacities, such as in alphas and high-frequency trading. Crypto Commonwealth itself encompasses hedge funds including the alpha fund  “Sphinx” and the smart beta fund “Stonybrook” under the high return and low-risk classification. Conversely, you could have any of the two other configurations. At this point, the triangle metaphor explains itself.

The merit of a project like COMM is that it merges into an innovative ecosystem the wisdom of an elite publisher house with the profit-making power of a hedge fund. Take for example “Stonybrook”, which is the very first (if not the one and only) crypto smart beta and alpha fund to endorse and publish high-quality crypto strategies and analyses on-site, and make them transparent to investors and readers largely for free. This allows investors to understand what they are trading with and take good control of their asset allocation. Crypto Commonwealth will offer detailed, professional suggestions to help them make the most informed decisions in style selections upon investment. This profit will be redistributed into the ecosystem in a decent cut – up to 50% of management or incentive fee would be shared among excellent authors, portfolio managers, researchers, and collaborators.

Contributors can opt to be external or internal researchers. Internal or ‘book’ researchers are expected to run backtests on the platform and submit alphas for centralized post-processing, including portfolio combination and optimization, however, this is by no means limited thereto. Upon proper evaluation, a certain amount of COMMs will be paid out as a reward, with a significant amount to be followed pending the alpha performance out-of-sample and in live trading. These, of course, are what could be considered the right steps to build a strong and wise community.

COMM’s professional column, ‘Beta for Pros’ is expected to cover smart beta/alpha investigation, factor/risk premium analysis, ETF construction, pair arbitrage, statistical arbitrage, exchange arbitrage, high-frequency trading, risk management, automatic investment, market making, and the applications of portfolio management techniques that improve simple trading methods. They also have two more columns intended for generic readers that serve as educational resources and crypto knowledge base – ‘Beta for fun’ and ‘Crypto Insights’. They cover quantitative and fun crypto analysis, tokenomics and philosophies, as well as non-quantitative articles in the blockchain domain including crypto overviews, insights, token mechanism/algorithm, macro visions, blockchain techniques, etc.

The long term vision of this journal/fund is to acquire high-quality, stable submissions and a good impact factor, then start charging subscription and publishing fees as any other commercial journals. More importantly, it plans to redistribute all profits after operational costs back to the authors, editors, and reviewers. This is a closed cycle that is expected to nourish and sustain the ecosystem as it starts to gain momentum.

What is interesting is that Crypto Commonwealth has a strong background in global stock markets, having amassed a good number of lowly correlated equity strategies at their disposal. The project is seeking to tokenize them as soon as circumstances permit. Those who have been following the cryptocurrency market recognize that tokenization of other financial markets, like commodities, futures, stocks, currencies, bonds and real estate is promised to be even bigger in capitalization than all the current cryptocurrencies. A real pioneer in strategy tokenization, COMM will certainly build a supportive and productive atmosphere for portfolio managers across multiple markets to participate in its ecosystem.

In conclusion, Crypto Commonwealth is a promising project that harbors the first publishing house and investment funds backed by a community of contributors, investors, scholars, and researchers, redistributing profits among its members. In this way, it represents a breakthrough for the technological paradigm that our society is about to experience.

Website: cryptocommonwealth.io

Email: [email protected]

Telegram: https://t.me/Crypto_Commonwealth_Europe

Telegram channel: https://t.me/CryptoCommonwealth_ANN

Twitter: https://twitter.com/CryptoSmartBeta

Facebook: https://www.facebook.com/Crypto-Commonwealth-102262581218579/

Medium: https://medium.com/@CryptoCommonwealth

LinkedIn: https://www.linkedin.com/company/cryptocommonwealth

Youtube: https://www.youtube.com/channel/UCpsI9ikWg7HKobrj_1Zq38A

Reddit: https://www.reddit.com/user/CryptoSmartBeta

GitHub: https://github.com/CryptoCommonWealth

Bitcointalk: https://bitcointalk.org/index.php?topic=5201899.new#new

SoFi announced today that it has added crypto trading to its fast-growing SoFi Invest platform, as a response to demand from its over 800,000 members. SoFi Invest is now the first platform to offer automated and active investing with stocks, ETFs, and crypto through a single app.

Individuals can easily buy and sell several cryptocurrencies with straightforward, competitive commissions and no account minimums, as well as track the price movements of the world’s most widely-traded digital assets, with more cryptocurrencies to be added in the coming months. SoFi secures all crypto holdings from fraud and theft.

“Feedback from our members has made it clear that a significant percentage are not only interested in learning more about cryptocurrencies but are also already buying and selling crypto,” said SoFi CEO Anthony Noto. “We’re very pleased to be adding this new product to SoFi Invest, as access, education, and keeping costs low for our members is at the heart of what we do.”

SoFi Invest, released to the public earlier this year, offers both automated (robo-advising) and active investing (trading) with no fees on stock trading or account minimums. The launch of crypto trading comes on the heels of SoFi’s introduction of its own SoFi-branded ETFs this Spring, which included the first two zero-fee ETFs on the market, as well as Stock Bits: the ability to buy and sell fractional shares in over 100 popular stocks and ETFs ranging from Apple and Amazon, to Alphabet and Tesla*.

IT is confidently turning from a young area of the industry into a mature segment of economy, while the profit from progressive developments is increasing annually.

In particular, two years ago, IT services occupied the third place in Ukraine’s export, but last year they already moved to the second and represent a fifth of Ukraine’s export production volume. Local abilities of the country are pretty significant: Kharkiv and Lviv are leading among regional IT clusters, while Kyiv, Dnipro and Odesa are slowly strengthening their positions. We can state that Simcord, which is located in Kharkiv, is one of the activists in the field.

Simcord is mainly engaged in implementing hi-tech solutions for businesses and integrating blockchain technologies. However, these areas not only don’t restrict the scope of the company’s activity, but also give the opportunity to simultaneously work in other areas. In particular, the company develops software and progressive products: blockchain protocols and consensus algorithms; analytical platforms for processing high data volumes; hardware and software complexes for trading on the global financial market; websites, mobile apps on iOS and Android platforms.

Innovative models of servicing progressive business strategies stand out among the services provided by Simcord. First and foremost, they include: advice in the field of digital technologies on international financial markets; development of application programming interfaces; legal advice and supervision; organization of information security, etc.

Since the beginning of 2019, Simcord announced the start of works on integrating the term “digital asset” into the international legal field. In the article “Substantiation of the Term “Digital Asset”: Economic and Legal Aspects”, Simcord CEO Alexander Kud explains that digital asset is a certain value represented in digital form. It covers economic, legal, value and information components of a digital asset. The author notes that the emergence of blockchain and cryptocurrencies, which became phenomena in the economic field themselves, gives practical significance to the term “digital asset”.

Aside from forming a clear definition of the term, Simcord, in association with the National Academy of Legal Sciences of Ukraine, initiated the introduction of this term into the legal framework. Thus, they developed the document (de facto a test) for determining whether a blockchain token corresponds to a digital asset. Using this test, one can determine if any token is a digital asset based on its properties and correspondence to the criteria.

In September 2019, representatives of Simcord took part in the III International Legal Forum held at the Yaroslav Mudryi National Law University, where they became the first IT company to participate in such event. For Simcord, the forum was yet another opportunity to demonstrate the entire potential of the Bitbon system in developing an information economy supported by the blockchain technology.

Representatives of Simcord gave several presentations, participated in the roundtable and panel discussion, where they comprehensively explained the essence and opportunities of Bitbon for the formation of the market of information resources and services. They discussed the nature of digital assets and defined the prospects of integrating them under new conditions. For representatives of economy, business and law, Simcord CEO Alexander Kud held a briefing on the relevant issues and presented the monograph “Digital Assets and Their Legal Regulation in the Light of the Blockchain Technology Development”.

Simcord is the company that lives in the future and creates it today. This slogan allows constantly moving forward and actively building future plans. Now, representatives of Simcord are preparing to take part in the roundtable of the Research Center of Legal Solutions in the Area of Application of Distributed Ledger Technologies on “Standards of Blockchain Tools”. Occasionally Simcord conducts briefings on the matters of digital and information economies, legislative process of regulating blockchain and development of the Bitbon system in the legal field.

Having analyzed the activity of Simcord, you can come to the conclusion that the company is consistently moving towards realizing its main idea, while at the same time striving towards the digitalization of economy along with Ukraine. The company successfully implements its ideas and is moving forward together with the global progress.

Nucleus Vision, an IoT & Blockchain technology company serving the retail industry, launches GIDC (Global Identity and Consent) blockchain network for consent-based data access management. The private multi-node blockchain network gives power to users to control who can access their data. Nucleus Vision announces the launch of this network at Genesis DevCon, a blockchain conference held in Bangalore, India, on 24 & 25 November.

Nucleus Vision addresses the challenges faced by brick-and-mortar businesses through a technological solution that is built using the Internet of Things and Artificial Intelligence technologies to provide knowledge of consumer shopping behavior and preferences in real-time for retailers. With data at the core of this solution, Nucleus Vision brings in Blockchain technology to ensure privacy and security.

Users can visit Nucleus Vision’s block explorer to explore the private blockchain network that currently has five active nodes. Through a user interface developed by the company, users can manage access control to their shopping and behavioral data. Based on the consent of the users, the network executes smart contracts to allow information exchange among the businesses and data partners in the Nucleus Vision ecosystem. Users can also disable permissions to any particular party to access their data.

While unveiling the network at Genesis DevCon, Abhishek Pitti, CEO of Nucleus Vision, says, “The challenges with existing systems in the retail industry are creating opportunities for innovation. Especially, crucial aspects like Data privacy and Consent Management have prominent use cases for Blockchain. Though the availability of information has a lot to offer, lack of stringent security solutions gets in the way to leveraging the data and that’s where Blockchain steps in. The launch of the GIDC blockchain network is a way-forward for Nucleus Vision to redefine consumer experience in brick-and-mortar stores.”

About Nucleus Vision:

Founded in 2014 at Harvard University, Nucleus Vision (http://www.nucleus.vision) is an end-to-end technology solution that captures & provides previously inaccessible data to retailers and brick-and-mortar businesses through blockchain and real-time sensor technology.

Nowadays, the monitoring of all the statistics regarding exchange accounts and the management of all the potential forces that can lead to alterations, crucial data for all the traders, has become more accessible thanks to a well-known platform, called Trade-mate.io.

This platform constitutes the project of a very experienced team with significant contributions in the field of automated systems. In this platform, the traders can carry out exchanges either automatically or manually, and they can use Binance and Poloniex crypto exchanges as well. Other than that, the users can also benefit from the BitMEX trading platform via Trade-made.io, making their life easier.

Trading on BitMEX

BitMEX is a trading platform that provides to his users the ability to participate in the financial market worldwide by using the so-called bitcoins. This platform is the first one where investors are provided with crypto derivatives that give the possibility to execute transactions with a higher profit margin, with leverage up to X100.

Although, because of the emerging technical issues during the implementation of BitMEX via API have prevented many large exchange platforms of adopting it, that didn’t dissuade the Trade-mate.io of integrated it, widening its users’ potentials even more.

Minimizing the risk of loss

Even though the X100 leverage scenario is very attractive to all the traders, the risk of loss must not be overlooked. Even the most experienced traders are not fully protected from such a great risk ratio, as the price of the triggered order is too close to the elimination zone, which can lead to an X100 loss. On the grounds of that, Trade-mate.io has set an X20 limit at the trading leverage to protect its investors from a great loss of their deposits.

Cross-margin

Cross-leverage hides big risks, as it uses all the available funds in an account’s balance to cover an open position. If the price is moving in the right direction, the leverage will be reduced as well as the collateral due to the accumulated profit. Albeit, in the case, that the leverage will escalate, as a consequence, there will be a total loss of the initial funds. In other words, when the position is opened and the order is liquidated, the entire balance will be reset.

Because of its highly risky nature, the cross-leverage is not recommended for risk-averse investors. It may be advisable for risk-neutral users, as it offers the ability to calculate again the size of the leverage, which will vary within acceptable values.

Because of its high-risk nature, the Trade-mate.io does not support cross-leverage.

Why use Trade-mate.io platform

One of the most important features of the Trade-mate.io platform is the fact that an order is placed with a take profit and stop loss simultaneously and, they can be altered either automatically or manually, providing to the investor with the opportunity to make Smart Trade functions.

A Smart Trading process consists of two types of orders, the limit order, and the market order. In the first case, an order is placed at the price of interest and when it riches the specified level, the order is activated. In this case, the order is pending. In the case of the market order, the purchase or the sale of an instant market asset is made at that moment.

Trailing mode

The trailing mode is a Smart Trade’s function that rearranges the orders based on the specified parameters, allowing the trader to minimize the risk and to increase his profits. Trailing mode consists of three orders:

1. Trailing take profit

In this case, the order parameters change the value of floating take profit and the default setting is 1%. As the price attains the level of the determined take profit, the take profit is being automatically moved to the set value until the price is no longer changing.

2. Trailing stop loss

The difference with taking profit is that, in this case, instead of taking profit, the taking loss is the one that is moved as the price increases and it remains stable when the price is decreased.

3. Trailing ladder

Here, as soon as an order is opened, the take profit and stop loss are triggered concurrently. In more detail, when the price approaches the first level of taking profit, the stop loss is moved to the break-even point. This will continue until the price crosses the stop loss line and the sell is activated.

It should be emphasized that this mode is not included in the BitMEX platform or any other crypto exchange.

Edit a task

In the trade-mate.io platform, the traders are also able to edit the current task without canceling it, unlike with other crypto exchange users where the users are obliged to cancel the old task in order to create a new one.

In the Trade-mate platform, the task can be edited before the order is been activated. The traders are able to cancel the task, to change it in case they want to sell cryptocurrency when the price has reached desirable levels or to average it. By this can be benefit traders dealing with leverage, as once they have created an order, they are able to edit it in the meantime, making the whole process more simple.

Last but not least, in this platform, the traders possess the ability to change even the control panel and to make it comfortable for them to use it. They can move the elements in the control panel and adjust them at the most convenient for them positions by just dragging them around the screen.

Copy on BitMEX

BitMEX gives the opportunity to its traders to copy trades from other trades, the so-called auto trading. In addition, traders who execute successful trading on the crypto market, they receive incomes from the subscribers. That’s why Trate-mate.io selects only the traders with the highest ratings in order to guide others. Again, for the safety of its users, the leverage for auto trading will be no more than X5. In this way, liquidating balances are prevented.

Stocks of many Chinese blockchain technology-related A-share firms rose to the daily limit of 10 percent immediately after stock markets opened on Monday, amid expectations that more capital would be funneled into the sector following official endorsement.

Feitian Technologies Co, a Beijing-based supplier of smart-card-based security solutions and products, saw its stocks rise 10 percent to 14.85 yuan ($2.10). Previously, the company said it had released equipment for the safe storage of blockchain-based digital currency.

Shunya International Martech Beijing Co, a Beijing-based integrated communications firm, also saw its price rise 10 percent to 18.92 yuan.

In September, Shunya announced that one of its joint stock companies specialized in the application of blockchain technology in the real economy, including supply chain finance, smart ports and blockchain-based food traceability management.

Bitcoin’s price had reached $9,728.93 as of press time, up roughly 22 percent from Friday, data from Coindesk showed.

Chinese President Xi Jinping urged increased efforts to speed up development in this sector, underscoring the important role of blockchain technology in the new round of technological innovation and industrial transformation.

Following the news, Shenzhen Xunlei Networking Technologies Co soared 107.76 percent to $4.82, its highest daily rise since its listing on Nasdaq in 2014.

In October 2017, Xunlei announced it was transitioning from an online services provider into a blockchain company, and released a blockchain-based product named OneThing Cloud.

Other companies, including Beijing Certificate Authority Co, IT solutions provider Yusys Technologies Co and cryptography technology-based information security equipment provider Westone Information Industry Inc, soared to the daily limit on Monday.

The Chinese president’s endorsement of the technology is expected to enhance market appeal for blockchain shares and boost investment, said Yang Delong, chief economist at Shenzhen-based First Seafront Fund Management Co.

“But the application of the technology still has a long way to ago. We need to follow whether or not these public companies really implement the national policy and invest in research and applications,” Yang told the Global Times.

On October 24, Zhongguancun Science Park announced financial support for the research and development of 2,920 small technology companies, including dozens of blockchain-related firms such as innovative blockchain platform Beijing-based ASCH, one-stop blockchain technology service firm Chinaup and Oracle Chain. Details about the subsidies have not yet been made available.

UNICEF will now be able to receive, hold and disburse donations of cryptocurrencies ether and bitcoin, through its newly-established UNICEF Cryptocurrency Fund. In a first for United Nations organizations, UNICEF will use cryptocurrencies to fund open source technology benefiting children and young people around the world.

Under the structure of the UNICEF Cryptocurrency Fund, contributions will be held in their cryptocurrency of contribution, and granted out in the same cryptocurrency.

“This is a new and exciting venture for UNICEF,” said Henrietta Fore, UNICEF Executive Director. “If digital economies and currencies have the potential to shape the lives of coming generations, it is important that we explore the opportunities they offer. That’s why the creation of our Cryptocurrency Fund is a significant and welcome step forward in humanitarian and development work.”

The first contributions to the UNICEF Cryptocurrency Fund will be received from the Ethereum Foundation and will benefit three grantees of the UNICEF Innovation Fund – and a project coordinated by the GIGA initiative to connect schools across the world to the internet.

“The Ethereum Foundation is excited to demonstrate the power of what Ethereum and blockchain technology can do for communities around the world. Together with UNICEF, we’re taking action with the Cryptofund to improve access to basic needs, rights, and resources,” said Aya Miyaguchi, Executive Director of the Ethereum Foundation. “We aim to support the research and development of the Ethereum platform, and to grow the community of those that benefit from a technology that will better countless lives and industries in the years to come. We’d like to thank UNICEF and the UNICEF family of national committees for their leadership as we create real progress together.”

The Ethereum Foundation will make its initial donation through the French National Committee for UNICEF.

UNICEF national committees of USA, Australia and New Zealand also accept cryptocurrency.

The launch of the UNICEF Cryptocurrency Fund is part of UNICEF’s ongoing work with blockchain technology. UNICEF co-leads the UN Innovation Network with WFP. The network is responsible for researching the potential and pitfalls of blockchain and other emerging technologies.