NFT Management System Encrypted Confidential Information
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Solution Overview
Problem
The challenge is to manage creator rights and prevent unauthorized association of NFTs with items, ensuring proper royalty distribution and increasing asset value on blockchain platforms, as current systems lack secure mechanisms for adding confidential information that only the owner can access.
Innovation Solution
An NFT information management system that adds encrypted confidential information, such as text, voice, or image data, to an NFT on a blockchain, allowing only the owner to decrypt and view this information, which includes ownership rights and revenue distribution, ensuring secure transfer and resale of NFTs.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If confidential information is added to NFT to increase asset value and manage creator rights, then the reliability and security of NFT management is improved, but the device complexity increases due to encryption and decryption mechanisms
Solution Approach 1:
The patent introduces a management server as an intermediary that handles encryption and decryption operations. The server stores encrypted confidential information and provides decryption services to authorized users through authentication, thereby improving security without requiring complex client-side encryption implementations. This intermediary approach centralizes security management and reduces overall system complexity.
Solution Approach 2:
The patent uses cryptographic hashing to create a unique fingerprint of the confidential information that is stored alongside the encrypted data. This hash copy allows the system to verify information integrity and authenticity without storing the actual plaintext, enhancing security while reducing storage requirements and complexity of data management.
2Reliability
If encrypted confidential information is added to NFT, then the reliability of rights management is improved, but the ease of operation deteriorates due to decryption requirements
Solution Approach 1:
The system implements self-service authentication where the NFT itself contains the decryption key or authentication credentials. When a user wishes to access the confidential information, the system automatically verifies their ownership through the blockchain and provides the decryption capability without requiring manual intervention or complex authentication procedures. This maintains ease of operation while ensuring secure rights management.
Solution Approach 2:
The management server acts as an intermediary that handles the authentication and decryption processes automatically. Users simply need to authenticate their identity through the server, which then provides the decryption keys or access permissions without requiring them to manage cryptographic operations directly. This abstraction layer maintains ease of operation while ensuring reliable rights management.
3Quantity of substance
If confidential information is added to all NFTs, then the asset value increases, but the loss of information increases due to encryption overhead
Solution Approach 1:
The patent applies encryption selectively based on the sensitivity and importance of the confidential information associated with each NFT. Not all NFTs require the same level of encryption, and the system can adjust encryption strength and methods based on the specific needs of each NFT and its associated data. This localized approach maintains asset value enhancement while minimizing information loss and accessibility issues.
Solution Approach 2:
The system stores cryptographic hashes of the confidential information alongside the encrypted data, allowing users to verify information integrity and authenticity without needing to access the actual encrypted content. This hash copying approach maintains the value enhancement from adding confidential information while minimizing the practical impact of encryption on information accessibility through efficient verification mechanisms.
Data Source
AI summary
By adding confidential information to management information of an NFT, an asset value of the NFT is increased. An NFT information management system that adds specific information to an NFT (Non-Fungible Token) that holds an identifier on a blockchain, the system includes a storage part that stores an NFT in each user page on a network, and a confidential information adding part that adds arbitrary confidential information to the NFT stored in the storage part in an encrypted state. The confidential information is encrypted and added to the NFT can be viewed only when it is decrypted by using decryption information.