Blacklisting Platform based on untransferable NFTs

The main topic of this research is exploring the possibility and the need to create the “Authority” protocol that would handle blacklisting based on community voting and assessment. This protocol would mint the untransferable NFT to the blacklisted address. Creating this solutions (both the platform and the NFT) would not be challenging but the need for these solutions is questionable to the author. This paper explored the current blacklist cases and the possibility of creating the said NFTs. The Tether case is in the main focus since the solutions are similar and simple. The main takeaway is that creating this solution is not necessary per se, but the issue is open for discussion.