What is POAP (Proof of Attendance Protocol)? - Crypto in Plain English - Episode 195 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it27 Juni 2022

What is POAP (Proof of Attendance Protocol)? - Crypto in Plain English - Episode 195 - by cryptohunt.it

What is POAP (Proof of Attendance Protocol)?

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

Today, let’s take a look at POAPs - what they are and why they were invented.

POAP stands for “Proof of Attendance Protocol” which is a technology that was created to give badges to people who attend a conference. Those badges are recorded on the blockchain, which makes them verifiable for everyone.

Why would anyone want such a thing? Well, think of the bigger picture. Having attended a conference, webinar, or university class may signal that you have a certain expertise. But people often claim they attended something, when in fact they didn’t.

POAPs make that impossible because the blockchain record can’t be faked and only be created by the organizer.

Technology in search of a problem or the future of credentials and diplomas? As always, we’ll let you be the judge.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

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