UNICEF, the United Nations Children\'s Fund, has unveiled plans to fund startups that utilise blockchain through their UNICEF Innovation Fund.

In their newly-released tender, the charity announced that they are to invest $50,000 to $90,000 in any blockchain-based business that has the potential to create a global, groundbreaking, positive impact.

The tender states that the fund could be taken advantage of by any startups that deal in Data Analytics, Smart Contracts, Mining with global and prosocial intentions, and Tokens. The key aim of the fund is to utilise the emerging technologies so that they can be used to benefit children around the world.

In the past, UNICEF has also turned to blockchain technology in order to help address the issues of project accountability and efficacy, in relation to the charity\'s global development aims. UNICEF have founded several projects with the Innovation Fund in order to address both of these areas.

Accountability issues often mean that funding is withheld from projects. UNICEF previously set out to address this problem with the help of the Ixo Foundation, who used blockchain to create a \"proof of impact\". The protocol records the attainment of stated goals on the ledger for investors to ensure greater accountability.

UNICEF previously developed a system that mirrored Ethereum\'s network for a Smart Contract. The system helped foster greater transparency and efficiency by eradicating the need for an intermediary in the execution of the contracts.