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Saturday, February 4, 2023

Soulbound Tokens to be issued as Digital Medals

Mumbai, Dec 02 In a world’s first, Soulbound Tokens to be issued as Digital Medals by Indian Authorities in Chennai.

The world’s first Token of Appreciation, Soulbound Token, was issued by Dr Okay Jayanth Murali IPS, Director Normal of Police, Idol Wing CID, Tamil Nadu to excellent members of his staff. This isn’t the primary time the Idol Wing CID DGP has forayed into the very bleeding fringe of know-how that not a number of company entities have dared to. He had beforehand launched TNIdols.com to showcase cultural treasures of Tamil Nadu.

“Authorities organisations ought to present the identical vigour in adopting breakthrough know-how for good as a lot as for the delinquent parts, in order to grasp and defend our residents from hurt. For this reason the Tamil Nadu authorities has all the time been on the forefront of recent tech utilization” mentioned Dr Okay Jayanth Murali IPS, DGP IWCID TN.

Beneath the steering of Dr Okay Jayanth Murali IPS, Arjun Reddy, Co-Founding father of GuardianLink labored in direction of making this imaginative and prescient a actuality. Tamil Nadu authorities is now the primary on the earth to utilise the Soulbound Token (A variation of Non-Fungible Token) idea as a ‘Digital Medal’.

Speaking to Bizz Buzz, Arjun Reddy, Co-Founding father of GuardianLink says,”We really feel privileged to have the ability to work with a visionary chief within the authorities for wider blockchain adoption. The DGP has formidable plans of rolling out grievance data captured immutably on the blockchain, which will increase transparency within the authorities proceedings for the widespread residents. He’s additionally working with us to launch a volunteer organisation known as “Associates of Tradition” which is able to see the youth of our nation contribute to preserving our heritage, working alongside Idol Wing CID and incomes SBTs as tokens of appreciation for his or her efforts.” mentioned Arjun Reddy, Co-Founding father of GuardianLink.

Whereas Bitcoin and different crypto currencies are going by way of overview by

the federal government as as to if and the way they need to be made a authorized half

of our financial system, entities like Reserve Financial institution of India have adopted the

know-how tenets like blockchain established by Bitcoin to roll out

CBDC (Central Financial institution Digital Foreign money). Equally, the Idol Wing CID of

Tamil Nadu authorities has adopted the idea of a Soulbound Token – a

distinctive blockchain asset which can’t be purchased, bought and even moved to

one other blockchain pockets, to behave because the automobile to bestow a Digital

Medal to their division’s most interesting officers.

These Idol Wing CID officers performed exhaustive investigations,

resulting in retrieval of invaluable artefacts of our heritage and

tradition. Whereas circumstances pertaining to IWCID doesn’t get mainstream

consideration, it’s a battle to protect the very material of our id

by way of historical past and our nation is grateful for the women and men in

these frontlines.

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