NFT Platform Server Time-Context Token Issuance
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Solution Overview
Problem
Current NFT technologies fail to effectively protect the rights of original authors and guarantee ownership, leading to potential legal issues due to their inability to prevent unauthorized creation and sale of unique tokens, limiting their usage beyond art and gaming.
Innovation Solution
A method for issuing and transacting non-fungible tokens based on time-context data, utilizing an NFT platform server integrated with a blockchain network to assign token IDs and manage metadata, allowing for the issuance and trading of historical time slots, ensuring unique and verifiable ownership.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If current NFT algorithms are used to create and sell tokens, then transactions can be made easier in fields like art, but original authors cannot be protected and unauthorized persons can obtain undue profits
Solution Approach 1:
The patent applies preliminary action by establishing a verification mechanism before token issuance that checks whether the creator is the original author. The system pre-validates authorship credentials and registers legitimate creators in advance, preventing unauthorized persons from creating and selling NFTs of others' works. This preliminary verification step ensures that only authenticated authors can issue tokens for their own works, thereby protecting copyright while maintaining transaction ease.
2Adaptability or versatility
If NFTs are used for trading works of art, then scarcity and uniqueness are highlighted, but purchase does not guarantee ownership and legal problems arise
Solution Approach 1:
The patent introduces an intermediary verification mechanism that acts as a trusted mediator between the buyer and the original author. This intermediary system validates the creator's identity and the authenticity of the work before allowing token issuance. By incorporating this intermediary layer, the system ensures that purchasing an NFT genuinely transfers ownership rights from the verified original author to the buyer, eliminating legal uncertainties while preserving the uniqueness characteristic of NFTs.
3Adaptability or versatility
If NFT platform serves multiple service regions, then more users can access the platform, but determining service region becomes complex
Solution Approach 1:
The patent implements self-service by enabling the system to automatically determine a user's service region without requiring complex manual configuration or user input. The NFT platform server autonomously identifies the user's location or jurisdiction based on device information, network data, or pre-registered preferences, and applies the appropriate regional rules and regulations. This self-determining approach expands service coverage across multiple regions while keeping the determination process simple and efficient.
Data Source
AI summary
A method for issuing non-fungible tokens based on time-context data to be used for supporting transactions of historical time slots includes steps of: (a) an NFT platform server, in response to acquiring a specific intention, determining whether at least one specific issuance condition for at least one specific token corresponding to at least one specific historical time slot is satisfied; and (b) the NFT platform server, in response to determining that the specific issuance condition is satisfied, transmitting a specific transaction indicating that an issuance of the specific token is valid to at least part of nodes included in the blockchain network, to thereby update the nodes in the blockchain network and thus enable the issuance of the specific token corresponding to the specific historical time slot.


