UNICEF (United Nations Children’s Fund) Ventures has been tasked with finding new and emerging technology that can help the organization organize money transfers.
Public In order to increase trust, Ventures is testing the Ethereum-based smart contract application to reduce the “cost of trust” and increase transparency in money transfers over the internet.
International transparency.
UNICEF Ventures hopes to increase its transparency with the work they are currently undertaking.
Tracking international transactions is extremely difficult. This monitoring is only necessary for an organization to be fully transparent.
UNICEF partners can receive Ether tokens through smart contracts and work with confirmed users.
So the way the organization works will be transparent and traceable.
Improving public transparency
The transactions on this network designed by Ventures are also completely publicly auditable . This means that all activities done for UNICEF within the smart contract system will be public and open to review.
A unit committed to helping children internationally