So today in this blog we are going to  learn about the soul bound token . Before starting this blog i would suggest u to learn about the NFT  that is Non - fungible token . 

Basics of the SBT 

There are various things in the sbt that we can not do in the NFT . Like you can not put your Pan card  , adhar card , driving license as the NFT . so to put all these as the nft  the SBT comes in the action .What if these important documents could be represented by NFTs and at the same, be attached to you for life. Hence, get ready to enter the nextgen solution in the crypto space - the soulbound tokens.

The SBT is introduced by the Ethereum co-founder Vitalik Buterin recently co-wrote nearly a 40-page paper explaining how Ethereum's future will now revolve around an ecosystem called a Decentralized Society. And the main aspect of this theoretical future is soulbound tokens. All that you need to know about this futuristic technology.

What is SBT ?

SBTs are also non-fungible tokens (NFTs) that a person can earn based in part on their job and education history. Unlike regular NFTs, they're non-transferable (though people can revoke them if they choose.) SBTs would represent a person's reputation and accomplishments, a kind of "extended resume".

Advantages of the SBT 

• There is no involvement  of the transferable token as this always gives the ownerhsip to the particular owner .
• To explain simply, these are more like how we share information about ourselves on our CVs. But in this case, one Soul can be issued or attested by other Souls. For example, a company can provide a recommendation letter for an employee as SBT.
• So, when universities starts issuing degrees as SBTs, employers began giving SBTs to workers then these credentials would make it difficult for scammers to impersonate someone.
• There is also a main advantages of this  over NFT is that  Users can curate a set of “guardians" and give them the power to change the keys of their soul wallet.

Diffrence b/w the SBT AND NFT 

• There are lot's of diffrence between the SBT AND NFT . 
• In sbt  you can also  make your personal document as the NFT . But  on the other hand you can't transfer your token / document to the other or can't share as the NFT . 
• Soulbound tokens could provide the missing link to bridge the trust gap in the web3. Their non-transferability allows them to serve as a means of building social identities that allow protocols and individuals to function based on trust.