Utopixar: Using Blockchain technology to inspire young people to become local changemakers
A platform to collaborate on initiatives addressing social and environmental challenges.
Our team at Utopixar is working on the Coinsence.org project - a decentralized blockchain technology platform where people and organizations can collaborate on initiatives addressing social and environmental challenges.
Nonprofit and grassroots organizations play an important role in addressing local challenges but due to financial constraints and limited staffing capacity, fulfilling their missions often becomes difficult. Our team recognized after Tunisia’s Jasmine revolution that innovative incentive systems have the potential to engage people to solve local challenges.
That’s where the Coinsence.org project comes in. Utilizing blockchain technology, our platform enables communities to issue, distribute, and exchange their own impact tokens.
These tokens represent contributions to projects that address challenges faced in education, youth employment, societal, and the environment. These tokens can be redeemed in the form of currency or discount vouchers in different marketplaces.
FRONTIER TECHNOLOGY & OPEN SOURCE
Using a distributed common ledger ensures that the Coinsence.org project offers accountability, transparency, and higher security for our users. Furthermore, blockchain technologies provide stakeholders a means to create flexible smart contracts that are consensus-based -- where all parties are involved and in agreement.
In addition, using an open source solution allows our team to benefit from collaborations ensuring that the product we put forward is customer-centric and can help us achieve our goal of engaging local community actors in solving local social and environmental challenges.
TEAM & DIVERSITY
One of our key strengths is the diversity of our team - from having local and international expertise, to supporting young talent, and having multidisciplinary experiences. However, a common thread among us all is the belief in open collaboration – on developing a space that can empower local communities to create innovative solutions for future generations.
Our aim is to engage local communities, especially youth, to become ‘changemakers’. Utopixar will use the investment from the UNICEF Innovation Fund to improve, test, and promote our platform. With this funding, we will be able to bring onboard a full-time developer to sort out the bugs and kinks of our platform and build our network in Tunisia to increase awareness amongst youth on how to get involved and engaged. We are also excited to meet our blockchain cohort in New York and to collaborate with them on using emerging technologies like blockchain to address challenges facing children and youth.
About UNICEF Innovation Fund: The Fund has been specifically designed to finance early stage, open-source technology that has the potential to impact children on a global scale. The core motivation of the IF is to fund "clusters" or portfolios of initiatives around emerging technology, like UAVs, Blockchain, Data Science and AI or virtual reality - so that UNICEF can both shape markets and also learn about and guide these technologies to benefit children.
As well as funding the start-up companies, UNICEF’s Innovation Fund will provide product and technology assistance, support with business growth, access to a network of experts and partners. The Fund also actively seeks second-round investment and support for companies it has invested in, as well as the opportunity to scale-up these technologies, when they are successful, in the more than 190 countries and territories where UNICEF operates.
More info: www.unicefinnovationfund.org
Join our conversations online. Follow us at @unicefinnovate