FlipVerse: Blockchain-based eCommerce warranty system using NFTs
Blockchain-based eCommerce warranty system using NFTs The objective is to replace the physical warranty and have block chain based warranty using NFT which will ensure authenticity and security.
β Converting ownership authenticity and product warranty cards into decaying NFTs.π
β For instance, allow brands and retailers to introduce an NFT for each of their products, which allows
customers to receive the physical product along with a digital version of it.π
β Customers can then use the digital NFT to verify the authenticity of their product, prove their ownership of their product, and transfer ownership of them upon resale.π―
β The brand/retailer should also be able to tie the digital NFT to its warranty program, allowing owners to trackrepairs and replacements to the original item.π€©
β Decay the NFT once the warranty is over.π₯Έ
β WE used the Polygon blockchain to deploy our solution and demo the final product as a web prototypeπ