UNICEF Announces Interest In Developing Its Own DAO

UNICEF, the largest humanitarian aid organization in the world, is experimenting with the idea of a DAO (Decentralized Autonomous Organization) to greatly boost its work with children around the world.

According to various reports, the organization is currently in the early stages of a pilot program designed to facilitate simpler interaction among the users of a DPG (Digital Public Good) when addressing the addition of potential new features to the project.

A DPG is a kind of freely available software, model, or standard which nations may employ to construct digital infrastructure instead of private proprietary solutions. UNICEF eventually hopes to build a platform which projects can readily use to conduct DAO governance votes in order to fund any new features.

Moreover, because of its high throughput and low cost, UNICEF chose the Ethereum layer-two scaling solution Polygon as the host for its DAO pilot. UNICEF has also experimented with the open-source voting tool known as Snapshot for possible future governance proposals,.

UNICEF previously developed a CryptoFund in 2019 to accept BTC and ETH donations. Contributions to the fund are utilized to financially support startups identified by the organization as supplying technological innovations which primarily benefit children in need.

It particularly aids these startups in obtaining DPG certification through the Digital Public Goods Alliance. To date, the fund has invested in over 40 startups, and its portfolio companies have generated approximately $17 million in follow-on funding after exiting the program. ETC Labs, Animoca Brands, and Huobi Charity are among the notable donors to this fund.