June 7, 2023

UNICEF is testing a DAO prototype based on the Polygon blockchain

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UNICEF is testing a DAO prototype based on the Polygon blockchain

The United Nations International Children's Emergency Fund (UNICEF) is developing a decentralized autonomous organization (DAO) prototype based on the Polygon blockchain to better fund initiatives.

In an interview at Paris Blockchain Week, the headUNICEF's Blockchain Development Team, Arun Maharajan, said the organization is testing a DAO prototype to better inform new digital public good (DPG) features. They include software, data, and other digital tools and resources available to the public that are aimed at social and economic development.

Generally, these products are open sourcecode are freely available and can be used and modified by anyone. DPGs aim to provide equal access to technology and information, especially in poor countries. The purpose of the DAO prototype based on the Polygon second layer solution is to facilitate communication between stakeholders proposing different initiatives.

The pilot project is currently open only todevelopers and direct participants, and in the future it will become available to all end users, said Maharajan. He added that UNICEF had already tested Snapshot, an open source tool for voting on governance-related proposals. This will allow projects to use the DAO to fund any new features that the community has voted for.

Recall that in 2018 UNICEF fundedsix startups working with the blockchain, and in 2019 launched a cryptocurrency fund to receive, store and distribute donations in bitcoins and ethers.