DAO Prototype For UNICEF’s Crypto Fund
UNICEF, an institution of the United Nations that provides relief and humanitarian aid to children, is testing concepts for a decentralised autonomous organisation (DAO) (DAO).
As an alternative to private proprietary solutions, digital public goods (DPGs) are categories of open-source software, models, and standards that can be utilised by many nations to develop digital infrastructure.
The early-stage experiment, which is based on the Layer 2 solution Polygon, aims to make it simpler for DPG stakeholders to communicate while debating potential new features for the project.
The ultimate goal would be that such projects could use the DAO to fund any new features voted on by the community.
The DAO concept is part of a larger endeavor in crypto for the organization, which set up the UNICEF CryptoFund to receive donations in bitcoin and ether in October 2019.
(With inputs from Shikha Singh)
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