POFID DAO

POFID DAO is a technology and governance framework based on Blockchain technology for the issuance and management of stable cryptographic and stable currencies. POFID stands for Privacy-Oriented Financial Instrument Distribution Framework & DAO. POFID is positioned as a blockchain-based tool that provides decentralized on-chain governance of assets. POFID is a European organization of geeks that are building a technology that makes issuing digital assets easier based on the assets recorded on the blockchain. These digital assets can be used for private payments and as a mode of settlement in international trade. The POFID team considered using MakerDAO but later found out that the original intention of MakerDAO was to support Ethereum and ERC-20 standard tokens/assets. More importantly, the team wanted to launch assets that support private placements which eventually made them abandon the MakerDAO architecture and build their own application. After observing globally, they discovered the SERO blockchain based on which POFID was created, which is now known as the “Private Ethereum Blockchain”.