POAP is an Ethereum smart contract that allows for the registration and verification of Proof-of-Attendance using Ethereum’s decentralized infrastructure. POAP was created by the team behind the Ethereum Foundation’s popular Ether Camp hackathon, and it is being used by a number of Ethereum projects and events to streamline onboarding and ensure that participants are actually attending.
The POAP smart contract is open source and available on GitHub. It is currently being used by the MakerDAO project, the Ethereum Cat Herders, and various Ethereum meetUPS and conferences.
The POAP system works by having participants scan a QR code with their Ethereum wallet when they arrive at an event or meetup. This QR code is generated by the POAP smart contract and contains all of the necessary information for registering attendance.
NOTE: WARNING: POAP Ethereum is a new form of cryptocurrency that involves a high degree of risk. Before investing, you should carefully consider the potential risks and rewards associated with the investment. You should also consult with a qualified financial advisor before making any decisions. Investing in cryptocurrencies is not suitable for all investors, and you may lose some or all of your investment.
Once the QR code is scanned, the attendance is registered on the blockchain and a Proof-of-Attendance token is minted for the participant.
The Proof-of-Attendance token can then be used to redeem benefits or rewards from the event organizer. For example, the MakerDAO project is using POAP tokens to give away prizes to participants of their Maker Faire events.
The POAP system is still in its early stages, but it has great potential to streamline event management and ensure that only those who actually attend events are eligible for rewards or benefits.
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