qinbafrank
qinbafrank|Mar 07, 2026 11:39
How to maintain economic continuity in a turbulent world? The world is transitioning from a rules based order to a power based order, and geopolitical conflicts will only increase in the future and become increasingly intense. We should have a deep understanding of the fact that it's only been two months since the beginning of the 26th year. In such an environment, as individuals, especially for countries and individuals deeply involved in the vortex of conflict, it can be fatal for banks to close, payment channels to be cut off, identity systems to be paralyzed, and even banks to be bombed and data destroyed (as happened at the National Bank of Iran last year). When you find that you cannot prove your identity, cannot make payments, or even have problems with the banking system, this is an issue of economic continuity. At this point, the trend of asset prices is no longer important, and whether the economy can continue becomes a key factor. How to maintain economic continuity? Many countries and technical teams are constantly exploring this aspect. When searching for information in this area, it is interesting to see that Verified Credentials (VC) launched by Sign is not just another fancy blockchain toy, but a practical solution for wartime economic continuity. Can you briefly explain how to play it 1) Issuing party: Authoritative institutions such as governments, universities, medical institutions, and enterprises that sign certificates with private keys at once (such as national issued resident identity, degree certificates, medical records, property certificates, driver's licenses, CBDC access permissions, etc.). 2) Holder: Citizens/users who store their credentials in their mobile or digital wallets and have complete control over them. 3) Validator: Any institution/service (airport, bank, employer, hospital, etc.) that requires confirmation of information can directly verify the signature and revocation status locally without contacting the issuer or uploading data to a central server. This also avoids single point of failure The core advantages of this design lie in privacy protection and selective disclosure. For example, users can prove that they are "over 18 years old" without disclosing their date of birth, or verify that they hold a valid degree without disclosing specific grades. This avoids the privacy risks caused by data replication and log diffusion in traditional systems. At the same time, VC can verify voucher support and extend it to various scenarios, including real estate ownership, driver's license, compliance certification, and even voucher management for real-world assets (RWA). This is also a form of 'on chain passport' Equivalent to Verified Credentials building us a parallel chain track that does not rely on anyone: it can ensure continuous payment, identity, and economic activities, rather than being blown up like traditional physical systems. In this sense, Verified Credentials aims to address the pain point very directly: in war, sovereignty "suddenly becomes very real" and requires ensuring that even if physical infrastructure is destroyed, economic continuity remains unbreakable. That's also why the Abu Dhabi Blockchain Center, deeply affected by the Iran situation, has established a strategic alliance with Sign; Kyrgyzstan, which is closest to the Middle East, is actively cooperating with Digital Som to carry out a national central bank digital currency pilot project; Sierra Leone, an African country, implements on chain resident identity through SignPass to safeguard citizen sovereignty. These countries have all realized that relying on traditional centralized data systems during geopolitical crises can bring significant risks. They are also thinking and exploring how to maintain economic continuity in turbulent times. So everyone's choices will become increasingly pragmatic: it's not about ideological disputes or who can do better, but about prioritizing whether it can be safely accessed while avoiding single point failures. Although cruel, we have to admit that chaos is the golden age for forging distributed sovereignty. Whoever can do this well will gain greater space. From this perspective, the future of Verified Credentials is promising.
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