- The United Nations has unveiled plans to create a DAO to showcase how it can help streamline service delivery in the public sector
- It can be used for services like increasing transparency and enforcing rules using blockchain technology
- The UN is yet to provide a name or an exact list of services it’ll offer
The United Nations through its Internet Governance Forum (IGF) department has announced plans to create a decentralized autonomous organization (DAO) to help public entities enhance, among other things, transparency using blockchain technology. Although it’s yet to provide the DAO’s name and a list of services it’ll offer, it believes that it’ll enhance service delivery in the public sector. IGF said that the move is part of its commitment to ensure “responsible adoption of emerging technologies,” an indication that more entities consider blockchain a revolutionary technology.
UN DAO Powered by Ethereum
The IGF disclosed that the DAO will be powered by Ethereum scaling layer Gosh which is among Government Blockchain Association (GBA) members. The UN department is exploring the possibility of a DAO in the public sector through its Dynamic Coalition on Blockchain Assurance and Standardization group which is made up of multiple countries and government institutions.
According to the coalition’s Dino Cataldo Dell’Accio, creating a public sector-focused DAO is one way of ensuring “secure governance models.” Dell’Accio added that the partnership between GBA and IGF marks another milestone in the UN’s “global efforts to standardize blockchain and cryptocurrency.”
United Nations aims to standardize blockchain
The IGF and GBA partnership is a significant step forward in the global effort to standardize blockchain and cryptocurrency. The group’s members have already initiated several pilots for blockchain initiatives.#crypto #blockchain pic.twitter.com/4Q8kroWvAJ
— Cryptonaire D (@darrinlewisjr) July 12, 2023
China Leads the Race
The United Nations’ plan comes at a time when countries and reputable public and private companies are making more strides in the blockchain world. China, for example, is leading the race in blockchain with multiple initiatives including a national blockchain center.
The United States, on the other hand, recently passed a bill compelling the country to promote the technology. Other entities like the London Stock Exchange and Deloitte have also increased their interactions in the blockchain world.
With most DAOs set up to manage a specific project/company, it’s to be seen how the United Nations will implement its plans to accommodate the management of multiple companies.
