...a soulbound token could be used as proof of attendance and history to authenticate participating in a certain event with a proven record.
*: Brace yourself before you embark on the endless journey of reading this article, please be aware of what you are getting yourself into, this is probably going to be the longest read here, hence, I advise you to get some popcorn, soda, and your 3D glasses ready*· What are decentralized societies and their applications?· What are the Real-world applications and implications of a decentralized society?This article delves into the emergence of a decentralized society powered by...
Consequently, with the advent of blockchain, web3, and distributed ledger technologies’ adoption growing exponentially, it becomes obvious that blockchain technological innovation will impact social activities, and how personal information is stored, protected, and distributed. Our culture is heavily influenced by technology and thus, we are evolving into a more addictive technologically determined environment that will change how we interact.
Conversely, a large part of society now understands how crucial data privacy is and how big tech has managed to commodify users’ data and consumers’ digital behavior using algorithms.
Synthesizing multi-layer information provides data composability in anticipation of collective “programmable privacy”, thus, the consensus blockchain protocol enables decentralized participation and individual engagement that serves as proof of reputation, verification, and identification in the new digital environment.
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