What are the Key Problems that Soulbound Tokens Solve?
What are the Key Problems that Soulbound Tokens Solve?
SoulBound tokens; a form of tokenization are solving key problems and challenges faced with traditional asset ownership. Problems such as; • Counterfeit risk • Bot and spam activities • Improper KYC check • High cost of verifying qualifications • Lack of data privacy The digital world relies heavily on our ability to verify who we are, what we own, and what information is true. It is obvious that the current online identity systems are often fragmented, insecure, and lack user control. This i