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Design of Extensible Non-Fungible Token Model in Hyperledger Fabric

Published: 09 December 2019 Publication History

Abstract

This paper presents an extensible non-fungible token (NFT) model for supporting NFTs in Hyperledger Fabric (Fabric) with reference to ERC-721 defined as Ethereum standard NFT and Cosmos NFT. In this model, we defined the standard structure and interface for all Fabric NFTs. This model also supports the extensible structure and interface that accommodates different types of NFTs. To demonstrate how to take advantage of this model, we applied extensible NFTs such as document and signature tokens to a decentralized signature service.

References

[1]
V. Buterin, A Next Generation Smart Contract & Decentralized Application Platform, Ethereum Foundation, 2015.
[2]
E. Androulaki, A. Barger, V. Bortnikov, C. Cachin, K. Christidis, A. De Caro, D. Enyeart, C. Ferris, G. Laventman, Y. Manevich, S. Muralidharan, C. Murthy, B. Nguyen, M. Sethi, G. Singh, K. Smith, A. Sorniotti, C. Stathakopoulou, M. Vukolić, S. Weed Cocco, and J. Yellick, Hyperledger fabric: a distributed operating system for permissioned blockchains, In EuroSys '18, 2018.
[3]
ERC-20, https://eips.ethereum.org/EIPS/eip-20.
[4]
ERC-721, https://eips.ethereum.org/EIPS/eip-721.
[5]
J. Kwon, and E. Buchman, A Network of Distributed Ledgers, Cosmos, 2018.
[6]
Cosmos NFT Module, https://hackmd.io/@okwme/cosmos-nft.
[7]
OpenZeppelin, https://github.com/OpenZeppelin/openzeppelin-contracts.
[8]
CouchDB, https://couchdb.apache.org/.

Cited By

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  • (2024)"Centralized or Decentralized?": Concerns and Value Judgments of Stakeholders in the Non-Fungible Tokens (NFTs) MarketProceedings of the ACM on Human-Computer Interaction10.1145/36373058:CSCW1(1-34)Online publication date: 26-Apr-2024
  • (2024)NFT Marketplace: what are NFTs, and how does OpenSea succeed in acquiring the most of the NFT Space2024 IEEE 1st Karachi Section Humanitarian Technology Conference (KHI-HTC)10.1109/KHI-HTC60760.2024.10481973(1-7)Online publication date: 8-Jan-2024
  • (2023)Metaverse Applications as a Tool in Urban Policy DesignMetaverse Applications for New Business Models and Disruptive Innovation10.4018/978-1-6684-6097-9.ch002(12-34)Online publication date: 6-Jan-2023
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  1. Design of Extensible Non-Fungible Token Model in Hyperledger Fabric

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    cover image ACM Conferences
    SERIAL '19: Proceedings of the 3rd Workshop on Scalable and Resilient Infrastructures for Distributed Ledgers
    December 2019
    17 pages
    ISBN:9781450370295
    DOI:10.1145/3366611
    Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected]

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    Publication History

    Published: 09 December 2019

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    Author Tags

    1. Cosmos NFT
    2. ERC-721
    3. blockchain
    4. non-fungible token
    5. smart contract

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    View all
    • (2024)"Centralized or Decentralized?": Concerns and Value Judgments of Stakeholders in the Non-Fungible Tokens (NFTs) MarketProceedings of the ACM on Human-Computer Interaction10.1145/36373058:CSCW1(1-34)Online publication date: 26-Apr-2024
    • (2024)NFT Marketplace: what are NFTs, and how does OpenSea succeed in acquiring the most of the NFT Space2024 IEEE 1st Karachi Section Humanitarian Technology Conference (KHI-HTC)10.1109/KHI-HTC60760.2024.10481973(1-7)Online publication date: 8-Jan-2024
    • (2023)Metaverse Applications as a Tool in Urban Policy DesignMetaverse Applications for New Business Models and Disruptive Innovation10.4018/978-1-6684-6097-9.ch002(12-34)Online publication date: 6-Jan-2023
    • (2023)Young Generation Point of View About Non-Fungible Token as a Future Currency and AssetsE3S Web of Conferences10.1051/e3sconf/202342601095426(01095)Online publication date: 15-Sep-2023
    • (2022)Non-Fungible Tokens Applications: A Systematic Mapping Review of Academic Research2022 IEEE 13th Annual Information Technology, Electronics and Mobile Communication Conference (IEMCON)10.1109/IEMCON56893.2022.9946500(0323-0330)Online publication date: 12-Oct-2022
    • (2022)ABSNFT: Securitization and Repurchase Scheme for Non-Fungible Tokens Based on Game Theoretical AnalysisFinancial Cryptography and Data Security10.1007/978-3-031-18283-9_20(407-425)Online publication date: 22-Oct-2022
    • (2021)Decentralised Finance — wie die Tokenisierung die Finanzindustrie verändertDecentralised Finance (DeFi) — How Tokenisation is Changing the Financial IndustryWirtschaftsdienst10.1007/s10273-021-2981-7101:8(629-637)Online publication date: 24-Aug-2021
    • (2020)FabAsset: Unique Digital Asset Management System for Hyperledger Fabric2020 IEEE 40th International Conference on Distributed Computing Systems (ICDCS)10.1109/ICDCS47774.2020.00163(1269-1274)Online publication date: Nov-2020

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