Fujitsu Limited (20240320746). COMPUTER-READABLE RECORDING MEDIUM STORING NFT UNIQUENESS ENSURING PROGRAM, NFT UNIQUENESS ENSURING METHOD, AND NFT UNIQUENESS ENSURING DEVICE simplified abstract
COMPUTER-READABLE RECORDING MEDIUM STORING NFT UNIQUENESS ENSURING PROGRAM, NFT UNIQUENESS ENSURING METHOD, AND NFT UNIQUENESS ENSURING DEVICE
Organization Name
Inventor(s)
Masanobu Morinaga of Yokohama (JP)
COMPUTER-READABLE RECORDING MEDIUM STORING NFT UNIQUENESS ENSURING PROGRAM, NFT UNIQUENESS ENSURING METHOD, AND NFT UNIQUENESS ENSURING DEVICE - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240320746 titled 'COMPUTER-READABLE RECORDING MEDIUM STORING NFT UNIQUENESS ENSURING PROGRAM, NFT UNIQUENESS ENSURING METHOD, AND NFT UNIQUENESS ENSURING DEVICE
The patent application describes a computer-readable recording medium storing a program that ensures the uniqueness of non-fungible tokens (NFTs) by comparing the data content of existing NFTs with new ones to be issued.
- The program stores information related to an existing NFT on a blockchain as reference data.
- It compares the data content of a new NFT with the existing NFT at the time of issuance to determine if there is any duplication.
- By analyzing the NFT associated data, the program ensures that each NFT is unique and not a duplicate of any existing NFT.
Potential Applications: - Ensuring the authenticity and uniqueness of digital assets such as art, collectibles, and other NFTs. - Preventing the issuance of duplicate NFTs on a blockchain platform. - Enhancing the security and trustworthiness of NFT transactions.
Problems Solved: - Eliminating the risk of counterfeit or duplicated NFTs in the digital marketplace. - Providing a reliable method to verify the originality of NFTs. - Streamlining the process of issuing and managing NFTs on a blockchain.
Benefits: - Increased confidence in the authenticity of NFTs. - Reduced instances of fraud and duplication in the NFT market. - Improved transparency and trust among buyers and sellers of NFTs.
Commercial Applications: Title: "Enhancing NFT Authenticity and Uniqueness Verification in the Digital Marketplace" This technology can be utilized by NFT marketplaces, digital art platforms, and blockchain developers to ensure the integrity and originality of NFTs, thereby attracting more users and increasing transaction volume.
Questions about NFT Uniqueness Ensuring Program: 1. How does the program determine if there is duplication between the NFT associated data of new and existing NFTs? The program compares the data content of the new NFT with the existing NFT at the time of issuance to identify any similarities or duplicates.
2. What are the potential implications of having duplicate NFTs in the digital marketplace? Having duplicate NFTs can lead to confusion among buyers, devalue the original NFTs, and undermine the credibility of the digital marketplace.
Original Abstract Submitted
a non-transitory computer-readable recording medium stores an nft uniqueness ensuring program causing a computer to perform a process of: storing information associated with a non-fungible token (nft) already issued on a blockchain as existing nft associated data in a memory; performing a first determination process of comparing data content of nft associated data of a new nft to be issued with data content of the existing nft associated data at a time of issuance of the new nft; and determining presence or absence of duplication between the nft associated data of the new nft and the existing nft associated data.
