In Buddhism the dao refers to the the literal 'way', the return to the universal source, dharma, proper meditation, and nirvana. But apparently in certain corners of UNICEF, the DAO has taken on other more mysterious meanings.
The following article seems to have been written in a language somewhat akin to English, yet for me at least, it might as well have been written in ancient Pali.
What I do understand however is that UNICEF is still investing in blockchain "to fairly distribute power and communication for a globally distributed digital public good.” It also seems to still be handling large sums of crypto-currencies at a time when the rest of the world has fled from them.
What I do understand however is that UNICEF is still investing in blockchain "to fairly distribute power and communication for a globally distributed digital public good.” It also seems to still be handling large sums of crypto-currencies at a time when the rest of the world has fled from them.
If anyone can help with a translation, we will be grateful. In particular, can someone explain the prhase, "building a DAO prototype to fairly distribute power and communication for a globally distributed digital public good."
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UNICEF, a UN agency promoting the rights and well-being of children worldwide, is reportedly exploring concepts for a DAO. In an interview with the Block, UNICEF blockchain lead Arun Maharajan said it is “building a DAO prototype to fairly distribute power and communication for a globally distributed digital public good.”
DPGs refer to software, data, and other digital tools and resources available to the public and aim to promote social and economic development. These goods are typically open source, freely available, and can be used, reused, and modified by anyone. DPGs aim to provide equitable access to technology and information, particularly in low-income countries and marginalized communities.
The prototype, developed on top of the layer-2 scaling solution Polygon, seeks to facilitate communication between stakeholders of a DPG when exploring new potential project features.
“In a sense, it’s a closed DAO for each DPG to get all the stakeholders on board,” said Maharajan. At the moment, the pilot is only available to team members. However, it could include end users or new stakeholders in the future “so that really the community around that DPG gets together and decides together what needs to happen,” he said.
“As we have for our private donors, we have the exact same due diligence process for our crypto donors, so you cannot have anonymous donor donations in crypto.”– said UNICEF CryptoFund manager Sanna Bedi.
The number of crypto donations has grown significantly in recent years amid the increasing adoption of cryptocurrency and the convenience their underlying technology offers. Earlier this year, several major crypto companies sent crypto donations to help those affected by two catastrophic earthquakes in Turkey and Syria. Similarly, Ukraine collected over $100 million in crypto donations following Russia’s invasion.
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UNICEF Testing DAO Prototype Built on Polygon
"United Nations International Children’s Emergency Fund (UNICEF) is developing a decentralized anonymous organization (DAO) prototype to improve communication about new features for digital public goods (DPGs), the agency’s blockchain lead said in an interview with the Block. UNICEF is testing the concept on top of Polygon, the report states.UNICEF, a UN agency promoting the rights and well-being of children worldwide, is reportedly exploring concepts for a DAO. In an interview with the Block, UNICEF blockchain lead Arun Maharajan said it is “building a DAO prototype to fairly distribute power and communication for a globally distributed digital public good.”
DPGs refer to software, data, and other digital tools and resources available to the public and aim to promote social and economic development. These goods are typically open source, freely available, and can be used, reused, and modified by anyone. DPGs aim to provide equitable access to technology and information, particularly in low-income countries and marginalized communities.
The prototype, developed on top of the layer-2 scaling solution Polygon, seeks to facilitate communication between stakeholders of a DPG when exploring new potential project features.
“In a sense, it’s a closed DAO for each DPG to get all the stakeholders on board,” said Maharajan. At the moment, the pilot is only available to team members. However, it could include end users or new stakeholders in the future “so that really the community around that DPG gets together and decides together what needs to happen,” he said.
UNICEF Dives Deeper Into Blockchain After Launching CryptoFund
The DAO concept represents a part of a broader push in crypto for UNICEF, which launched its CryptoFund in 2019, allowing it to receive donations in bitcoin (BTC) and ether (ETH). The fund allows UNICEF to connect with and receive funding from innovative crypto startups. Several crypto and blockchain firms have contributed so far, such as Huobi Charity, ETC Labs, and Animoca Brands, which launched its own Web3 fund last year.“As we have for our private donors, we have the exact same due diligence process for our crypto donors, so you cannot have anonymous donor donations in crypto.”– said UNICEF CryptoFund manager Sanna Bedi.
The number of crypto donations has grown significantly in recent years amid the increasing adoption of cryptocurrency and the convenience their underlying technology offers. Earlier this year, several major crypto companies sent crypto donations to help those affected by two catastrophic earthquakes in Turkey and Syria. Similarly, Ukraine collected over $100 million in crypto donations following Russia’s invasion.
Glad that UNICEF abandoned the former UNDP concept of DAO (Delivering as One) and is now becoming a ‘Decentralized Anonymous Organization’ (DAO), though I would have preferred if the organization would have chosen a Polyhedron instead of a Polygon for the distribution of digital goods to the public.
ReplyDeleteDetlief, no choice available as Polygon is a DAO provider, or was that a piece of your dry, tongue in cheek humour?
ReplyDeletehttps://polygon.community
😎
ReplyDelete