This article focuses on Webility’s Certification NFT Service, emphasizing its vital role in ensuring trust and reliability in the Sharing Economy.
Here we explain the basics of NFTs, how they are used for certifications, and provide a detailed overview of the components and structure of NFT certification on the blockchain
NFTs (Non-Fungible Tokens) are unique and non-interchangeable units of data stored on a digital ledger. They utilize blockchain technology to establish verified and publicly accessible proof of ownership. Our NFT certifications serve as exemplary credentials that benefit from an NFT’s Proof of Ownership.
Because these digital documents are stored on the blockchain, they cannot be duplicated or fabricated. This innovative approach to certification is applicable across various industries. For example, as hiring organizations in sectors ranging from finance to healthcare seek easier and more economical methods to verify credentials, the use of NFTs ensures that the information cannot be tampered with and remains easily accessible to the public.
Being more specific regarding its application, NFT is a virtual token that utilizes blockchain technology to prove ownership of digital assets. It assigns encrypted unique identifiers to assets and facilitates their sale. In the future, with advances in NFT technology, new blockchain-based payment methods may emerge, making it a promising area for future development.
Smart Contract
A smart contract is a code that defines the logic and operation of an authenticated NFT. Smart contracts are deployed and executed on the blockchain, and manage the creation, transfer of ownership, and transaction records of NFTs.
NFT Data
NFT data includes information about each certified NFT. This information records the NFT’s unique identifier, owner address, authentication information, transaction, etc. NFT Data is data stored in the blockchain, and anyone can search the information of the NFT.
Blockchain Network
As seen in the diagram, the creation and control of authentication NFTs are managed by smart contracts. Additionally, there is a separate smart contract responsible for ownership transfer and another one for recording transactions. These smart contracts operate within a distributed blockchain network composed of multiple nodes, securely recording and maintaining information related to authentication NFTs, including their ownership and transaction records.
NFT Creation and Control
Refers to the smart contract responsible for creating and managing NFTs. This smart contract creates new NFTs and stores necessary information along with them.
Ownership Transfer
Refers to the smart contract responsible for facilitating the transfer of ownership of NFTs. This smart contract processes transactions that change the ownership of NFTs and ensures proper ownership transfers.
Transaction Recording
Refers to the smart contract responsible for recording transaction history. This smart contract records the transactions related to NFTs and securely maintains this information.
Blockchain Network
Refers to the distributed blockchain network where these smart contracts operate. This network consists of multiple nodes and is responsible for storing and maintaining information related to NFT creation, ownership transfer, and transaction records in a decentralized manner.
This structure highlights the vital role of the blockchain network in enhancing the reliability and security of authentication NFTs. By leveraging the distributed nature of blockchain, the system ensures a safe and trustworthy environment for authentication of NFTs. Anyone can access the blockchain network to verify information about NFTs and transparently trace ownership and transaction records of authentication NFTs.
NFT Metadata
The metadata of an authentication NFT comprises essential information related to the NFT. It encompasses supplementary data like the title, description, image URL, artist details, and other pertinent information associated with the NFT.
Token ID
The unique identifier of an NFT. It is a value that uniquely identifies the specific NFT and distinguishes it from other NFTs.
Ownership Information
Ownership Information of an NFT: It includes details about the ownership of an NFT, such as the current owner’s address and the previous owner’s address. The owner’s address represents the address that currently holds the NFT.
Certification Data
The certification data of an authentication NFT includes authentication-related information. It comprises additional details such as the original file hash of the artwork, artist information, artwork description, and other supplementary authentication information associated with the NFT.
Transaction History
The transaction history of an NFT captures the records of all past transactions related to the NFT. It contains data about the previous owner’s address and provides detailed information about each specific transaction, allowing for comprehensive tracking of the NFT’s transactional lineage.
WEBILITY NFT Certification Service
Webility introduces a blockchain-based NFT certificate technology that guarantees the safety and validity of all products and services issued as NFTs in the WEBIL NFT market, supplementing the problems of existing sharing economy platforms.
In addition, by establishing an independent certification process, thorough verification of various shared goods and services within the platform is conducted to minimize risks that may occur during the NFT sharing process.
For goods/services that have passed the detailed verification process, they are recorded on a decentralized blockchain network, an NFT certificate that cannot be forged or altered is issued, and tracing is transparent. Through this series of processes, the reliability of WEBIL NFT is increased and expanded into a shared economy platform that both consumers and suppliers can trust.
Webility has issued NFTs for sharing mobility authenticity certification and entrusted operation, targeting individual business operators (partners) who manage and operate XingXing shared mobility services. These certification NFTs record details of each business operator’s operational region, the overall contents of the contract, and Sharing Mobility authenticity certification on the IPFS (InterPlanetary File System). The primary purpose of issuing these NFTs is to prevent the forgery and alteration of contractual contents, thereby ensuring the business rights of each operator and facilitating continuous quality control of the sharing mobility services.
đź“‘Webility NFT Certification on Opensea
https://opensea.io/collection/webility-businessoperatorcertificate-1
Experience the future of trust and integrity with Webility NFT Certification Service. Our blockchain-based certification ensures the authenticity and reliability of shared goods and services, fostering a transparent and secure environment for both consumers and suppliers. Join us as we redefine the standards of trustworthiness in the digital economy.
To obtain further details about our Webility certification NFT service, please review our white paper.
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