NFT Management System Off-Chain Storage Authentication
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Current systems lack effective management solutions for non-fungible tokens (NFTs) in secure transactions, particularly in creating, authenticating, insuring, and storing NFTs as user credentials, which hinders confidence in secondary marketplaces and security against losses.
Innovation Solution
A non-fungible token management system utilizing a processor and memory to generate and manage NFTs, store them in digital wallets, and utilize blockchain infrastructure for secure transactions, authentication, and insurance, with off-chain storage for associated content to reduce costs and ensure security.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If NFTs are stored on-chain in the distributed ledger, then authentication and security are improved, but storage costs and network congestion increase
Solution Approach 1:
The patent divides NFT data into two segments: metadata and authentication information stored on-chain in the distributed ledger, while the actual content (images, videos, audio) is stored off-chain in centralized or decentralized storage systems. This segmentation allows the blockchain to maintain security and authentication functions without being overwhelmed by large data volumes.
Solution Approach 2:
The patent extracts the heavy data content from the blockchain storage and places it in external storage systems. Only the essential NFT metadata, ownership information, and authentication data remain on the chain, thereby reducing network congestion and storage requirements while preserving the security benefits of blockchain.
2Reliability
If comprehensive NFT management features are implemented, then transaction security and confidence are improved, but system complexity increases
Solution Approach 1:
The patent introduces a smart contract as an intermediary that automates NFT management functions. The smart contract handles authentication, transfer, insurance, and verification processes automatically based on predefined conditions, reducing the need for complex manual operations and increasing system reliability without proportionally increasing user-facing complexity.
Solution Approach 2:
The patent implements self-service mechanisms where the NFT system automatically performs verification, authentication, and transaction processing without requiring extensive manual intervention. The smart contracts and automated processes handle security and management tasks independently, improving transaction security while keeping the user interface simple.
3Quantity of substance
If off-chain storage is used for NFT content, then storage costs and network congestion are reduced, but data accessibility and retrieval speed may deteriorate
Solution Approach 1:
The patent moves data storage from the traditional on-chain dimension to an off-chain dimension (centralized or decentralized storage systems). This dimensional shift allows much larger data to be stored at lower cost, while the on-chain portion maintains fast access for authentication and metadata operations. The system architecture bridges both dimensions to achieve optimal performance and cost balance.
Data Source
AI summary
A non-fungible management system may generate non-fungible tokens based on credential data of a user. In one example, a non-fungible token can be generated responsive to receiving credential data for the user, whereby the credential data is received from a verified credentialing organization. Non-fungible tokens based on credential data can be held in a digital wallet of the user, used as a resume or record of achievement, and/or traded in a marketplace.