The future of our digital identity: NFTs or Verifiable Credentials?
summary
Compares two concrete identity approaches: on-chain NFTs that store tickets or collectibles, prove ownership by signing with a private key, enable resale on marketplaces but leak data and incur blockchain minting/trading costs, and non-transferable Soulbound tokens for permanent attestations. Describes a working flight check‑in prototype built with Polygon ID and Matra and experimental work with Veramo, showing verifiable credentials live on the user device, use blockchain only for public key discovery, reduce cost and improve privacy at the expense of tradability.
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chapters (6)
- 0:00Introduction
- 1:28Identity and Credential
- 3:17Identity Models
- 6:43NFTs
- 11:49Verifiable credentials
- 16:16Conclusion
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