Research on synchronising Soulbound token between blockchain and local database
With the rise of the metaverse, blockchain and cryptocurrencies are getting more and more attention. However, the Soul-Bound Tokens (SBTs) concept is a relatively new development in the blockchain and cryptocurrency. SBT is a token that is uniquely associated with an individual and cannot be transfe...
Saved in:
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Final Year Project |
| Language: | English |
| Published: |
Nanyang Technological University
2023
|
| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/166634 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | With the rise of the metaverse, blockchain and cryptocurrencies are getting more and more attention. However, the Soul-Bound Tokens (SBTs) concept is a relatively new development in the blockchain and cryptocurrency. SBT is a token that is uniquely associated with an individual and cannot be transferred or traded. This project explores the potential of using blockchain technology to store and manage the soul-bond token. Soul-bond tokens are unique crypto tokens representing a user's identity and achievements in Web3. They serve as non-transferable NFTs, which ensure the security and integrity of the user's profile. However, the current limitations in using soul-bond tokens with user profile transactions hinder their widespread adoption. This project aims to overcome these limitations by exploring the potential of integrating databases with blockchain technology to store soul-bond tokens. The goal is to demonstrate how the soul-bond token can be securely stored in a database, allowing for greater accessibility and ease of use. Furthermore, this project aims to address the current limitations in retrieving soul-bond token receipts via Ethereum. Finally, by demonstrating the feasibility of integrating databases with blockchain technology, we hope to widely adopt soul-bond tokens and their use in Web3 identity management. |
|---|