Meet the concept of “Soulbound” tokens (SBTs) introduced by E. Glen Weyl, Puja Ohlhaver and Vitalik Buterin in their article called “Decentralized Society: Finding Web3’s Soul.”
What Web 3.0 has to offer to a regular user?
Meet the concept of “Soulbound” tokens (SBTs) introduced by E. Glen Weyl, Puja Ohlhaver and Vitalik Buterin in their article called “Decentralized Society: Finding Web3’s Soul.”
Researchers come up with the notion of ‘Soul’ bound to a person or organization. Every Soul is represented by a decentralized wallet that stores non-transferrable tokens representing:
- Personal data
- Commitments (membership in societies and companies)
- Credentials (university degree)
- Rights (property, car, etc) and ownership proof (works of art, scientific works)
- And so on
All these sorts of information can be stored in blockchain which makes it trustworthy and immutable. At the same time, authors of the concept suggest enabling Soul owners to set up privacy rights to avoid over-publicity.
Such tokens would be like an extended resume, issued by other wallets that attest to social relations. Based on soul-bound tokens (SBTs) like work or educational credentials, licenses, or certications, a Soul can have certain voting power in related communities. This approach might be a more flexible alternative to emerging ‘social rating’ systems that reinforce discriminations.
Such tokens would be like an extended resume, issued by other wallets that attest to social relations. Based on soul-bound tokens (SBTs) like work or educational credentials, licenses, or certications, a Soul can have certain voting power in related communities. This approach might be a more flexible alternative to emerging ‘social rating’ systems that reinforce discriminations.
16 МАРТА / 2018