The creator of Polkadot, an interoperability blockchain, suggests that the mass adoption of blockchain technology could be triggered by a specific use case. In an interview on Raoul Pal’s podcast, Gavin Wood, the creator of Polkadot, discusses the concept of proof of personhood as a potential game-changer for the blockchain industry.
Wood highlights that while blockchains have excelled in handling monetary transactions, they have yet to fully integrate the concept of personhood, which is crucial in our daily lives. For instance, when making a significant purchase, a shop verifies our identity as a person before allowing us to spend a large amount of money. Wood emphasizes that personhood is an essential element of modern society, particularly in the Western world.
However, Wood cautions against relying solely on governments to verify personhood. He believes that this responsibility should not be entrusted to a centralized authority like the Worldcoin apparatus or the KYC passport approach, which places excessive reliance on governments. Instead, he advocates for more inventive and decentralized methods of incorporating personhood into blockchain technology.
Wood asserts that personhood needs to be deeply ingrained in the blockchain infrastructure for it to become an integral part of society. He encourages the development of innovative solutions that do not depend on government institutions. By establishing personhood as a fundamental aspect of blockchain technology, Wood believes that blockchain can truly revolutionize various industries and become widely adopted.
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