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Digital fraud is a large drawback in social media. Every day, scammers create new accounts mimicking fashionable content material creators, and try and get followers and different unsuspecting victims to ship them cash. To resolve the issue, some turned to the blockchain to attempt to create and implement a decentralized social identification verification system.
On the current World Token Summit 2023, Cointelegraph spoke to Matthias Mende, the co-founder of the Dubai Blockchain Middle and a speaker on the occasion. Throughout his speech, Mende talked about one of many heart’s tasks implementing blockchain expertise to create a decentralized social identification for its customers.
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