April 18, 2024

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 prototype of a decentralized autonomous organization (DAO) based on the Polygon blockchain to more efficiently fund initiatives.

In an interview at Paris Blockchain Week, UNICEF's Head of Blockchain Development, Arun Maharajan, revealed that the organization is testinga prototype DAO to better inform new digital public goods (DPG) functions.These include software, data, and other digital tools and resources available to the public that are aimed at social and economic development.

As a rule, these products are open source, freely available and can bebe used and modified by anyone. DPGs aim to provide equal access to technology and information, especially in poor countries.The task of the DAO prototype based on Polygon's second-layer solution is tois to facilitate communication between stakeholders proposing different initiatives. 

Now the pilot project is open only to developers and direct participants, and in the future it will becomeavailable to all end-users, Maharajan said.He added that UNICEF has already tested Snapshot, a toolopen-source 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 funded six startups working with blockchain, and in 2019 launched a cryptocurrency fund to receive, store and distribute donations in bitcoins and ethers.