A Green NFT Approach for Decentralized Proof of Ownership in Asset Management

Abstract

The rapid increase in fraudulent reproduction and misuse of digital certificates has become a critical concern for organizations and institutions worldwide. Fake or tampered certificates are often used to obtain employment in domains where individuals lack the required qualifications, thereby compromising organizational credibility and posing significant risks, particularly in sensitive sectors such as healthcare. With the proliferation of online learning platforms, certificates are issued digitally, making them vulnerable to unauthorized access, duplication, and identity forgery. To address these challenges, this paper proposes a secure and sustainable framework for proof of ownership of valuable educational assets using blockchain technology. Leveraging the capabilities of non-fungible tokens (NFTs), the proposed system ensures that each certificate is uniquely identifiable, tamper-proof, and verifiable. Unlike fungible digital assets, NFTs represent immutable and distinct records on the blockchain, enabling transparent and decentralized ownership verification. The proposed approach not only enhances trust and authenticity in educational credentials but also demonstrates applicability across multiple domains, including healthcare, supply chain, and digital asset management