Digital fraud is a large drawback in social media. Every single day, scammers create new accounts impersonating common content material creators and attempt to trick followers and different unsuspecting victims into sending them cash. To unravel the issue, some have turned to blockchain to attempt to create and implement a decentralized social identification verification system.
On the latest World Token Summit 2023, Cointelegraph spoke with Matthias Mende, the founding father of the Dubai Blockchain Middle and a keynote speaker on the occasion. In his speech, Mende talked about one of many heart’s initiatives implementing blockchain expertise, which goals to create a decentralized social identification for its customers.
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