Connect2NFT: A Web-Based, Blockchain Enabled NFT Application with the Aim of Reducing Fraud and Ensuring Authenticated Social, Non-Human Verified Digital Identity

Bellagarda, Jagger S.; Abu‐Mahfouz, Adnan M.

doi:10.3390/math10213934

Cited by 8 publications

References 14 publications

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Delving NFT vulnerabilities, a sleepminting prevention system

Guidi

Michienzi

2023

Multimed Tools Appl

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The rise of Non-Fungible Tokens (NFTs) is beginning to revolutionize the digital world thanks to the unique property of these tokens. Indeed, they can represent the ownership of physical or digital assets. They are implemented using smart contracts, therefore if the code of the smart contract contains bugs, an attacker can exploit its vulnerabilities to perform an attack called sleepminting. Sleepminting consists of transferring NFTs owned by an address, without the owner’s consent. In this paper, we provide a detailed analysis of the sleepminting attack and, thanks to the insights gained, we propose a prevention system to reduce the number of sleepminting attacks. Our prevention system is based on analysing the transactions included in new blocks, detecting those that are related to sleepminting attacks and keeping track of the addresses that are involved in these transactions. A dictionary-like data structure can be used to keep track of the addresses involved, where the key is the address and the value acts as a counter for the number of times the address is involved in sleepminting. With this information, block-creating nodes can add another verification step before adding a transaction to a block, which consists of blocking transactions when the addresses involved appear in sleepminting attacks a number of times greater than a threshold. The evaluation shows that sleepminting is a relevant phenomenon, and now it involves NFT transfers rather than NFT minting. Our proposed prevention system is able to block up to 87% of attacks.

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Delving NFT vulnerabilities, a sleepminting prevention system

Guidi

Michienzi

2023

Multimed Tools Appl

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Leveraging a novel NFT-enabled blockchain architecture for the authentication of IoT assets in smart cities

Khalil,

Malik,

Hong

et al. 2023

Sci Rep

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The concept of smart city architecture requires a comprehensive solution that can combine real-time response applications for cyber-physical systems. However, the architecture faces challenges that can obstruct the operations in terms of systems, processes, and data flow as far as the breach risk is concerned. Though the field has been researched with the existence of centralized and distributed architectures to support smart cities. Research gaps regarding security concerns, platform assistance, and resource management continue to persist. This research article presents a novel blockchain-based architecture that proposes expansion in the non-fungible tokens (NFTs) to cater to the expansion of IoT-enabled smart assets. It enables NFTs to employ fog computing for all users and smart devices connected to a fog node in a cyber-physical system. The proposed expansion suggested in Non-Fungible Tokens (NFTs) for IoT assets representation in a cyber-physical system, provides devices and user identification and authentication functionality. The proposed NFT architecture has been designed to provide a smart city solution for cyber-physical systems that ensures robust security features (such as CIA) by introducing new attributes and functions for Owner, User, Fog, and IoT device/s authentication. The validation and rigor of the security services, efficiency, and latency have been achieved by deployments on private and public ledgers. The efficiency, and cost-effectiveness of the suggested functions and components have been evaluated in terms of evaluation cost and time complexity which resulted in promising results, obtained and validated on a testnet. The evaluation cost for the devised mint component was approximately 81%, and devised approve() was approximately 23% more efficient than other solutions.

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