This study examines the use-cases of NFT (Non-Fungible Tokens) in different fields that are very common and handle a large number of operations daily, our research is motivated by the recent surge in the NFT activity on the internet where creators are creating the NFT and Investors are investing huge amount of money in NFT’s. In Our research, we have found several other practical and scalable use-cases of NFT. We begin by introducing the NFT with the context of its history then briefly listing down the existing problem of different fields that can be solved by the NFTs easily. Existing problems in the field of Licensing & Accreditation, Artworks, Legal Documents, Gaming, Medical, Supply chain, Academic Certification, and Authenticity Verification can easily be solved by the use of NFT. In the Final Analysis of the paper, we found the Countries and Organizations that are working with NFT to improve these spaces on a large scale.
₹10000 (INR)
NON IEEE-2022