Secure Product Identification System using NFT and Blockchain

Abstract

This invention relates to an innovative system for authenticating and tracing physical products using non-fungible tokens (NFTs) supported by blockchain technology. The system associates a unique NFT with each product, thus facilitating reliable verification of the product's authenticity and ownership history. This is particularly advantageous for secondary market transactions. The solution is designed for deployment across various industrial sectors, offering secure protection against counterfeiting while increasing consumer confidence.

Description

Title of the invention: Secure Product Identification System using NFT and Blockchain

[0001] The present invention relates to a system for identifying and authenticating physical products using non-fungible digital tokens (NFTs), supported by blockchain technology. This system is designed to assign a unique digital identity to each product via the NFTs, which are recorded on a secure and immutable blockchain.

[0002]

[0002] The innovation of this system lies in its ability to offer traceability A comprehensive and secure system for tracking products, from their manufacture to their point of sale and beyond, encompassing the secondary market. This mechanism ensures not only authenticity but also continuous monitoring of resale transactions.

[0003]

[0003] The implemented process uses NFTs to encapsulate metadata detailed and potentially encrypted information regarding the product's identity and authenticity. This data can be decoded and verified at any time using a securely distributed decryption key, thus providing substantial protection against counterfeiting.

[0004]

[0004] In addition, the system allows consumers and retailers to verify The authenticity of products is verified simply and reliably. This is achieved through user-friendly interfaces that can be integrated with various e-commerce platforms or dedicated mobile applications. This functionality strengthens end-user trust and facilitates system integration into existing sales processes.

Claims

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4. Demands A method for authenticating physical products using a non-fungible digital token (NFT), including the steps of: a) associating an NFT with each physical product, b) storing representative product metadata on a secure storage technology accessible by an authentication device, c) enabling verification of this metadata via a blockchain network to authenticate and trace the product through its lifecycle. The use of the process according to Claim 1 for the management of physical product transactions on digital or physical platforms, including but not limited to second-hand markets, auctions, and direct exchanges, thereby facilitating the legitimate transfer of digital and physical product rights. A system comprising one or more authentication devices enabling the reading and verification of stored metadata associated with physical products, where these devices may include, but are not limited to, RFID, NFC, QR code, or other digital identification technologies. A method to secure communications between authentication devices and the blockchain, including optional data encryption, distribution of security keys to authorized entities, and implementation of security protocols for validating product authenticity. Drawing Owner 1 ---------------------1 I1! |--------- Manufacturer ---------------------------------- Product Application EU We are the patent owners [has - - ' " " I NE ....... | S -Srart cooiract | -.........-.........8 iockch a in | | ।--------------------------------------------------------------------- Owner 2 Owners k-------------------------------------1 Infinity ——— 1 E 1 --- A MET is awarded. S. Retrieval of information and KS - Collection of specific data will be incorporated into the WFF. 4.C3é.ation of WFT unique to each product -An MF- is generated for each product containing metadata relating to its specificities. 4.

5. Secure Storage of the NE" - the "? is recorded and secured in a btcckchain infrastructure, managing the integrity and confidentiality of the data. 5 integra t on du NET dans rècosfstème blockcbetn -Ils XF\ est aedvemensenregistré sur la WodœhS'n et prêt pou: lesuraefactions.

6. Acquisition and transfer of ownership - When purchasing a new vehicle, the first purchaser receives the property title indicated in the deeds of the contract on the purchase agreement. b 5. Verification of Authorization and Recovery of User Deeds - The new aeguérew Pt'hse we apoiicaüon dedicated to querying the btcckchain to retrieve encrypted data from the JFT po'.i: verify the elusiveness and product details. y.Secondary market --srrs.of resale, tepredottarns' that The details of Smart contracts: are updated to reflect the new owner. NEt peuvent êés acquis paron nouveau prcpdâ'aire. S.Successive transfers - The verification procedures for the transfer of ownership of this MET can be repeated - for each new owner on the secondary market.

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