Crypto scammers and the necessity for instruments to forestall theft: World Token Summit

Digital fraud is a large drawback in social media. Every day, scammers create new accounts mimicking fashionable content material creators, and try to get followers and different unsuspecting victims to ship them cash. To unravel the issue, some turned to the blockchain to attempt to create and implement a decentralized social id verification system.

On the latest 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 initiatives implementing blockchain expertise to create a decentralized social id for its customers.

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