NFT as an instrument for intellectual property

NFTs are a type of standard that refers to the identification of digital objects, that is, we can tokenize a digital object and create a market around it. This is why, how popular it is being with artwork or illustrations that the creators sell as an NFT. But the way an NFT works is very simple, as it only creates one dentifier per object stored in a decentralized object storage such as IPFS.

Let’s look at this example:

We do not store the metadata of this object in the smart contract or in the token as such, we have to create a structure that identifies us within the network. That is, each token corresponds to a JSON record within a decentralized storage network.

Although the use of NFTs is becoming popular in games for collectibles and in digital artwork, there are numerous uses for it, and one that certainly fits in very well is copyright registration. Next I show you the development of an ERC721 token modified in such a way that the records in it are 100% unrepeatable and 100% verifiable.

We require a smart contract that allows the registration of documents and that can be verified directly in the smart contract. Each record must be unrepeatable and reject records of the same information.

The eip 721 standard allows us to assign an identifier of type uint256 per address, unlike an ERC20, where we only associate one “balance” per address and this depends on the add or subtract action, the ERC721 allows the user to have one apart or more registered IDs, these can be exchanged, that is, we do not reduce or increase to an amount, but we can change the owner of this ID. So each ID corresponds to a user, a user…

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