Cryptocurrency

Visa Europe Collab & Epiphyte: Private and Alternative Blockchains Are 'Vapourware' At This Point

UNICEF unveiled Game Chaingers this month, a blockchain fundraising experiment asking gamers to mine ethereum for Syrian children. The agency estimates nine million children in Syria face losing aid a

By James Gray··1 min read
Visa Europe Collab & Epiphyte: Private and Alternative Blockchains Are 'Vapourware' At This Point

Key Points

  • UNICEF unveiled Game Chaingers this month, a blockchain fundraising experiment asking gamers to mine ethereum for Syrian children.
  • The agency estimates nine million children in Syria face losing aid a

UNICEF unveiled Game Chaingers this month, a blockchain fundraising experiment asking gamers to mine ethereum for Syrian children. The agency estimates nine million children in Syria face losing aid after seven years of conflict and resource scarcity.

Gamers download Claymore Mining Software and can start or stop mining at any time. Mined ethereum goes to UNICEF's wallet.

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Since launch, 507 gamers have joined, pooling 1,861 megahashes per second. The campaign has collected €1,361 and continues through March 31.

UNICEF frames cryptocurrency as an "opportunity to raise funds differently," moving away from traditional donors and solicitation methods. Ethereum carries a $71 billion market value against bitcoin's $122 billion. Smart contracts on the blockchain eliminate middlemen from transactions.

The initiative aligns with broader UN experiments in blockchain technology. In May, the World Food Programme deployed an ethereum system for 10,000 Syrian refugees in Jordan, enabling them to buy food through eye-scanning verification that prevents fraud. The WFP plans to expand that pilot to four more camps. The organization tested the same approach in Pakistan, providing aid to 100 residents of Sindh province.

The UN partners with the ixo Foundation, an open source development organization, toward advancing 17 Sustainable Development Goals.

MiningPool content is intended for information and educational purposes only and does not constitute financial, investment, or legal advice.

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