Non – Fungible Tokens Based Warranty for E-Commerce

Abstract

In today's age of product liability, physical warranties always pose a risk. It presents challenges such as fraud, card balance, and inability to identify the correct product and ownership. This project offers a new solution for the quality problem by drawing warranty cards on the blockchain. The main responsibilities of this project include converting traditional tokens into non-fungible tokens (NFTs) based on the flexible warranty dates of the wide range of products. Doing this verifies the authenticity and ownership of the product and eliminates the possibility of a fake or duplicate warranty. In addition, the automated burn bot in the system ensures that the card becomes invalid after the warranty period expires, to ensure the accuracy of the warranty conditions. One of the best features of this blockchain-based approach is that the ownership of the warranty can be switched easily to the new customer by just transferring the NFT to the wallet linked to that customer. The project is an exemplary example of how blockchain technology can transform traditional processes, improve security, increase confidence in defence and ultimately deliver benefits for customers and products.