- | 11:00 am
Dubai launches soulbound token-powered secured digital certificate
The new technology enables certificates to be permanently linked to an individual's digital wallet, making them highly secure.
Continuing its pursuit to cement its position as a global capital of the digital economy, Digital Dubai has adopted the Soulbound Token technology; it’s the most advanced generation of Non-Fungible Tokens (NFTs).
This new technology enables certificates to be permanently linked to an individual’s digital wallet, making them highly secure. The agency said the certificates could not be transferred, sold, or disposed of but could be verified by any party if required.
Soulbound tokens represent the traits, features, achievements, and attributes that make up a person or entity on the blockchain. So any document associated with the “individuality” of a person can be presented as a Soulbound token, including health records, education certificates, and even job applications.
Hamad Obaid Al Mansoori, the Director General of Digital Dubai, expressed his pride in the agile government of Dubai, which embraces developments and puts them into practice to drive digital transformation.
Al Mansoori emphasized that issuing the first Self-Secured Digital Certificate marks a new stage for e-certificates. Individuals and institutions can showcase their certificates and achievements in a sovereign and trusted way without relying on third parties.
“To digitize all aspects of life in the Emirate of Dubai and provide integrated, comprehensive digital services, an impenetrable electronic security system is necessary to mitigate any potential risks,” he added.
The Dubai Cyber Innovation Park, an affiliate of the Dubai Electronic Security Centre, granted the first secure digital certificate to the first cohort of graduates from the CISO Executive program. The program had the participation of 17 government and semi-governmental entities.