Digital fraud is a large downside in social media. Day by day, scammers create new accounts impersonating fashionable content material creators and try to trick unsuspecting followers and different victims into sending them cash. To unravel the issue, some have turned to blockchain in an try to create and implement a decentralized social identification verification system.
On the current World Token Summit 2023, Cointelegraph spoke with Matthias Mende, co-founder of the Dubai Blockchain Middle and speaker on the occasion. Throughout his speech, Mende talked about one of many middle’s initiatives implementing blockchain know-how to create a decentralized social identification for its customers.
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