Soulbound Tokens: Social credit system or spark for global adoption?
Cointelegraph
Published Jun 16, 2022 09:46AM ET
Updated Jun 16, 2022 10:00AM ET
Ethereum co-founder Vitalik Buterins Soulbound Token proposal for a robust identity and reputation system has stirred up the crypto community.
Soulbound Tokens or SBTs are non-transferable, non-financialized tokens tied to a unique profile proving verifiable achievements and commitments. Still at the concept stage, its suggested SBTs will be capable of tracking memberships, credentials and affiliations with educational establishments, decentralized lenders and other entities.
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Written By: Cointelegraph
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