Do you believe that the potentials of blockchain technology are endless?
Blockchain is indeed a revolutionary technology. Since its launch in 2009, it has not ceased to come up with features that complement the needs of various industries.
The unprecedented technology now involves many sectors ranging from agriculture to banking and finance. Huge US companies such as JPMorgan, Microsoft, Apple, and Facebook all have instituted their own blockchain divisions.
Noble deed from blockchain novel use
UNICEF discovered the novel use of blockchain technology. It plans to provide internet to every school in Kyrgyzstan under the Project Connect initiative. Under the project, around 1,560 schools with poor or no connection will finally go online.
According to UNICEF official for Kyrgyzstan Munir Mammadzade, one of the organization’s principal objective is to provide internet for the country. Currently, they have started mapping, checking for connectivity, and classifying accounting obstacles for the plan to be executed.
He emphasized the objectives of the program saying:
“We are at the early stages of exploring a blockchain-based solution for the Project Connect initiative in Kyrgyzstan where the government is working with UNICEF and the private sector to connect every school in the country to the Internet and provide access to information and opportunity to all young people.”
The accomplishment of the project will be established on the blockchain technology. It will offer a driving approach for management, monitoring, accounting, and recording that will enable Kyrgyzstan to go online. This type of program is expected to have better results than merely investing funds and anticipating things to change. A technology-driven procedure is necessary for better productivity and cost-effectiveness while stretching the reach of the Internet connectivity program.
Blockchain technology investment
UNICEF has been venturing a bit heavy on blockchain technology, also known as Distributed Ledger Technology. The organization invested $200,000 in blockchain-based companies through the UNICEF Innovation Fund in December 2018. The investment will be used to develop various blockchain-based solutions for different projects such as the “One” in Kyrgyzstan. If the project becomes successful, it will be rendered in other underdeveloped countries such as India.
Beneficiaries of blockchain investment
The first blockchain startup is called Utopixar, a Tunisian platform that “allows communities to deliver, spread, and switch their own impact tokens.” The impact tokens will be awarded to individuals and groups dealing with social and environmental issues in the community like Internet connectivity. The said tokens can be redeemed in the form of discount vouchers or currency later on.
The second blockchain platform is called W3Engineers. It is a web application development and consulting firm based in Bangladesh that specifically looks at how to distribute a gigabyte.
The Children’s non-profit organization seeks to involve more than 1,500 Kyrgyzstan local schools. UNICEF also wants to consider the use of a blockchain-based solution for the improvement and monitoring of Internet connectivity levels.
UNICEF’s Project Connect has already mapped Internet connectivity levels of more than 150,000 schools around the world. Of these schools, 1,560 are situated in Kyrgyzstan where half of it has no Internet connection or no data.
Last year, the organization launched a website for charitable donations. It mines cryptocurrencies to boost funds to help susceptible children across the globe. The initiative currently has close to 28,000 donors.
She lets everyone become aware of what is happening to our beloved planet Earth and its inhabitants. She can take you beyond the space and find out how neighbor planets are doing. Moreover, she would open your eyes to the things what makes the Earth suffer including the living species and allow you to decide what you can do to help save the planet and the future generation.