NFTracer: A Non Fungible Token Tracking Proof of Concept Using Hyperledger Fabric
Various start up developers and academic researchers have investigated the usage of blockchain as a data storage medium due to the advantages offered by its tamper proof and decentralized nature. However, there have not been many attempts to provide a standard platform for virtually storing the states of unique tangible entities and their subsequent modifications. In this paper, we propose NFTracer, a non fungible token tracking proof of concept based on Hyperledger Composer and Hyperledger Fabric Blockchain. To achieve the capabilities of our platform, we use NFTracer to build an artwork auction and a real estate auction, which vary in technical complexity and demonstrate the advantages of being able to track entities and their resulting modifications in a decentralized manner. We also present its accompanying modular architecture and system components, and discuss possible future works on NFTracer.
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