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CONSTRUCTION OF A BLOCKCHAIN WEB 3.0 DAPP WITH NFT’S USING SMART CONTRACT
Author Name

Mr.Rajasekaran T, Jack Nicholas A, Jayaraaj C N and Vignesh B

Abstract

In Todays world breaches of modern technology can happen at any time at any place by a fraudster. To overcome this fraud and insecure activities, We use the so-called Technology Blockchain. For instance, An unknown identity or a group of unknown organizations can claim the protected data or properties of an individual one. To overcome such situations implementing Blockchain Technology which could avoid fraud or identity theft, Misuse of data, and illegal activities. The main focus of this project is to implement a digital assets (NFT) platform to protect data by using DAPP Web 3.0 Smart Contract. NFTs (Non Fungible Tokens) are unique cryptographic tokens that exist on a blockchain and cannot be replicated. Blockchain technology can be pretty complicated and easy at the same time because we are dealing with the securing of digital assets, the complication part here is to ensure look into the unauthorized accessibility from unknown sources and fraudsters trying to steal the data that are in the form of digital assets. Tokenizing these real-world tangible assets makes buying, selling, and trading them more efficient while reducing the probability of fraud. The main motive for selecting Blockchain as the main medium is because is not much implemented in India, most of the transactions happening in India are done through the typical and traditional way of doing a transaction which is through a bank or a server which may sometimes experience a malfunction. To overcome such flaws we go for blockchain and NFTs. So we have taken it as an initiative to achieve a secured technology for customers and stored it in a secured Ledger.

 

Key Words:  Blockchain, Non-Fungible Tokens, Buy and Sell, Transaction, Marketplace, Digital Assets.



Published On :
2023-03-18

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