Founded in Singapore in Dec 2014, DigixDAO (DGD) is building a decentralized autonomous organization (DAO) that specializes in the tokenization of physical assets. The project provides the infrastructure to create tokens backed by physical assets on the blockchain. To wit, it allows for the public verification of an asset’s existence through its chain of custody via its Proof of Provenance (PoP) protocol, which makes use of the Ethereum network and the Interplanetary File System (IPFS).
Digix also offers an API that enables other applications to be built on top of its asset tokenization service.
The company reportedly procures its gold from LBMA-approved refiners. For security, Digix includes third-party auditing from Bureau Veritas. The DGD crowdsale in Mar 2016 was the first crowdsale and major DAO hosted on the Ethereum network.
Digix has 2 cryptocurrencies
Digix Gold (DGX) - The World's First Smart Asset CompanyDigixDAO (DGD) - Potential proposal ideas could include making music videos about Digix, accepting DGX as payment method in their cafe, starting a Digix cafe, amongst many possible ideas.