View source for WRAPTAG INC. (20240265375). PRODUCTION METHOD AND PRODUCTION SYSTEM FOR NON-FUNGIBLE TOKEN, REGISTRATION METHOD AND SYSTEM FOR UNIQUE IDENTIFIER, AND PRODUCTION METHOD FOR COMBINATION PRODUCT simplified abstract

=PRODUCTION METHOD AND PRODUCTION SYSTEM FOR NON-FUNGIBLE TOKEN, REGISTRATION METHOD AND SYSTEM FOR UNIQUE IDENTIFIER, AND PRODUCTION METHOD FOR COMBINATION PRODUCT=


==Organization Name==

[[:Category:WRAPTAG INC.|WRAPTAG INC.]]


[[Category:WRAPTAG INC.]]

==Inventor(s)==

[[:Category:Yukio Haruna of Hyogo (JP)|Yukio Haruna of Hyogo (JP)]][[Category:Yukio Haruna of Hyogo (JP)]]

[[:Category:Hitoshi Takeuchi of Hyogo (JP)|Hitoshi Takeuchi of Hyogo (JP)]][[Category:Hitoshi Takeuchi of Hyogo (JP)]]

==PRODUCTION METHOD AND PRODUCTION SYSTEM FOR NON-FUNGIBLE TOKEN, REGISTRATION METHOD AND SYSTEM FOR UNIQUE IDENTIFIER, AND PRODUCTION METHOD FOR COMBINATION PRODUCT - A simplified explanation of the abstract==


This abstract first appeared for US patent application 20240265375 titled 'PRODUCTION METHOD AND PRODUCTION SYSTEM FOR NON-FUNGIBLE TOKEN, REGISTRATION METHOD AND SYSTEM FOR UNIQUE IDENTIFIER, AND PRODUCTION METHOD FOR COMBINATION PRODUCT

'''Simplified Explanation:'''
The patent application describes a method for producing non-fungible tokens on a blockchain using unique identifiers.

'''Key Features and Innovation:'''
* Method involves receiving a unique identifier possessed by an object.
* Determines if the identifier is already registered in the system.
* Generates a non-fungible token if the identifier is already registered.

'''Potential Applications:'''
This technology can be used in various industries such as art, collectibles, gaming, and supply chain management.

'''Problems Solved:'''
The technology solves the problem of securely creating and managing non-fungible tokens on a blockchain.

'''Benefits:'''
* Provides a secure and efficient way to create non-fungible tokens.
* Helps in verifying the authenticity and ownership of digital assets.

'''Commercial Applications:'''
The technology can be utilized by digital asset marketplaces, art galleries, gaming companies, and logistics companies to tokenize assets and streamline operations.

'''Prior Art:'''
Readers can explore prior art related to blockchain technology, non-fungible tokens, and digital asset management systems.

'''Frequently Updated Research:'''
Stay updated on the latest advancements in blockchain technology, non-fungible tokens, and digital asset management systems.

'''Questions about the Technology:'''
1. What are the potential security implications of using non-fungible tokens on a blockchain?
2. How can this technology impact the future of digital asset management and ownership verification?


==Original Abstract Submitted==

an object having a unique identifier is used for operations on tokens in a blockchain. the disclosed method is a production method executed by a system that produces a non-fungible token to be recorded on the blockchain. the production method includes: receiving a unique identifier possessed by an object; determining whether or not the received unique identifier is an already-registered unique identifier that has been registered in the system in advance; and generating a non-fungible token if the received unique identifier is determined to be the already-registered unique identifier.



[[Category:G06Q20/36]]
[[Category:CPC_G06Q20/3678]]