The huge advantage of an NFT is that you cannot copy it, but you can buy it, sell it, exchange it, lend it, or even destroy it. What about NTT, which is a non-transferable token and therefore as its name suggests which is in our wallet ad vitam eternam.
What is NTT?
Technically, it is a token that is non-transferable, but also indestructible and linked to the transfer address on the blockchain. You receive it from a third party, it is yours for eternity, well at least for the duration of your presence on earth. It is therefore an asset that you own and that no one can take away from you.
NTT, for what applications?
Diplomas, permits or other licenses may be used in the case of the Non-Transferable Token. Not having to take out your driving license but showing an NTT driving license on your cell phone in front of a police check, phew we had a narrow escape, too hard to always walk around with this piece of paper in your pocket.
Did you get your baccalaureate? Look at my NTT, there is my name, my photo and the result, mention. So, convinced?
Yes and no, if it seems to make life easier and reassure the NTT holder at first, it can also be a gateway to a dystopian world, where individual freedoms are subject to the virtual and the legislative, imagine at the self-checkout of a supermarket and you are refused payment by subcutaneous chip, the reason, your NTT “permit to purchase non-vegan consumer goods” clearly indicates that you have exceeded the monthly quota, goodbye Charolais steak, you opt for the quinoa pancake with soy sprout flavor, my goodness, in terms of protein it seems that it is comparable.
The NTT is like any innovation, a change which will give its share of good and bad surprises. The fact that it is registered in the blockchain, indestructible and non-transferable will undoubtedly provide useful and relevant applications. Be wary, it could also ruin our daily lives if we use it in an overly repressive and childish way, such as when managing a health or environmental crisis.
At the time of writing this article, the author Antoine Garet held the following position: Everace token founder, everace.io. Find it on Facebook And Twitter.
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