UNICEF Testing a DAO Prototype Based on Polygon Blockchain for Funding Initiatives

UNICEF is currently working on developing a decentralized autonomous organization (DAO) prototype based on the Polygon blockchain to help fund initiatives.

The purpose of this project is to facilitate communication between stakeholders proposing different initiatives related to Digital Public Goods (DPG) features.

These features include software, data, and other digital tools that aim to promote social and economic development and provide equal access to technology and information, especially in poor countries.

The DAO prototype is currently being tested by developers and direct participants and will be available to all end-users in the future.

UNICEF has already tested Snapshot, an open-source tool that allows stakeholders to vote on governance-related proposals, which will allow projects to use the DAO to fund any new features that the community has voted for.

In 2018, UNICEF funded six blockchain startups, and in 2019, it launched a cryptocurrency fund to receive, store, and distribute donations in bitcoins and ethers.

This project is a step forward in the adoption of blockchain technology by large organizations for social good purposes.