The proposed architecture for presenting NFT-based patent. Credit: SIAT
By taking advantage of blockchain technology, digital assets are broadly grouped into fungible and non-fungible tokens (NFT). NFT refers to those with unique and non-substitutable properties.
A research team led by Prof. QU Qiang from the Shenzhen Institute of Advanced Technology (SIAT) of the Chinese Academy of Sciences and Prof. Seyed Mojtaba Hosseini Bamakan from Yazd University has proposed a layered, conceptual, NFT-based patent framework.
The study was published in Scientific Reports on Feb. 9.
Although NFTs have had many applications so far, it has rarely been used to solve real-world problems.
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