Can I read The NFT Wave and Better Use Cases—Using NFTs for Documents, Identification, and College Degrees on EtoBox?

The NFT Wave and Better Use Cases—Using NFTs for Documents, Identification, and College Degrees by B. R. Arun kumar; Siddharth Vaddem is a book available to read on EtoBox.

What is The NFT Wave and Better Use Cases—Using NFTs for Documents, Identification, and College Degrees about?

With the innovation of smart contracts, the tokenization of digital assets reached great heights in the form of NFTs. While NFTs have opened up various use cases and opportunities in the form of digital art and collectibles, the potential of NFTs remains unclear. Office documents, as well as educational and identification documents, play a significant role in our daily lives. However, in this environment, forgery, duplication, and manipulation are all too common. This paper aims to address the gap between present and potential use cases. It proposes utilizing NFTs for better trust, transparency, and security by demonstrating the efficacy of NFTs in the domain of document verification and presenting the usefulness in tokenizing documents such as driving licenses, college certificates and other identity documents to prevent fraud and improve transparency over the authentication domain. This paper discusses NFTs in detail, the working, challenges, current applications, and an innovative approach to moving documents from off-chain to on-chain for validation of data with the help of decentralized oracles following prisoner's dilemma and ERC-721 standards.

Author

B. R. Arun kumar; Siddharth Vaddem

Publisher

Springer Nature Singapore Pte Ltd Fka Springer Science + Business Media Singapore Pte Ltd

Published

2023

Language

EN

ISBN

9789819914135