Proof of Attendance Protocol

November 21, 2023 - Around 2 mins mins to read

Understanding the Proof of Attendance Protocol (POAP)

The Proof of Attendance Protocol (POAP) is a business offering that utilizes the ERC-721 NFT protocol on Ethereum to assign individuals a unique, non-fungible blockchain-based identifier that is accessible only to them. Unlike traditional blockchain applications that focus on transactions and value, POAP is designed to address the challenge of identifying individuals. It leverages the underlying blockchain technology that powers digital assets and non-fungible tokens.

POAP enables event participants to verify their attendance by collecting digital badges that are stored on the blockchain. These badges are unique and can only be obtained by physically attending the event. Each badge has a distinct visual appearance and cannot be replicated, making it function as an NFT that can be traded on exchanges. One of the key advantages of POAP is its ability to provide indisputable evidence that an individual has attended a specific event or studied at a particular institution. This can be valuable for job seekers, as it allows them to demonstrate their educational background or professional achievements, thereby enhancing their credibility and reputation in their respective fields.

POAP serves two main user groups: event organizers and collectors. Event organizers have the ability to create events and distribute POAP badges to attendees. On the other hand, collectors can use these badges to commemorate significant moments in their lives or showcase their attendance to others through unique custom NFT badges.

Author: Gunnar Jaerv, COO of FDT

Bio: Gunnar Jaerv is the chief operating officer of First Digital Trust, a technology-driven financial institution based in Hong Kong that supports the digital asset industry and provides services to financial technology innovators. Prior to joining First Digital Trust, Gunnar founded several tech startups, including Peak Digital in Hong Kong and Elements Global Enterprises in Singapore.