Reviewing the Relationship Between Blockchain and NFT With World Famous NFT Market Places

Gupta, Mandeep

doi:10.36676/sjmbt.v1i1.01

Cited by 3 publications

(1 citation statement)

References 8 publications

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“…Contract calls are also used for NFT circulation and destruction. All NFT-tagged assets can be freely traded based on user-defined values such as age, rarity, and liquidity, providing a new application paradigm for digital copyright protection [14,15].…”

Section: Related Workmentioning

confidence: 99%

A Framework Based on the DAO and NFT in Blockchain for Electronic Document Sharing

Chen,

Zhu,

et al. 2024

CMES

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In the information age, electronic documents (e-documents) have become a popular alternative to paper documents due to their lower costs, higher dissemination rates, and ease of knowledge sharing. However, digital copyright infringements occur frequently due to the ease of copying, which not only infringes on the rights of creators but also weakens their creative enthusiasm. Therefore, it is crucial to establish an e-document sharing system that enforces copyright protection. However, the existing centralized system has outstanding vulnerabilities, and the plagiarism detection algorithm used cannot fully detect the context, semantics, style, and other factors of the text. Digital watermark technology is only used as a means of infringement tracing. This paper proposes a decentralized framework for e-document sharing based on decentralized autonomous organization (DAO) and non-fungible token (NFT) in blockchain. The use of blockchain as a distributed credit base resolves the vulnerabilities inherent in traditional centralized systems. The e-document evaluation and plagiarism detection mechanisms based on the DAO model effectively address challenges in comprehensive text information checks, thereby promoting the enhancement of e-document quality. The mechanism for protecting and circulating e-document copyrights using NFT technology ensures effective safeguarding of users' e-document copyrights and facilitates e-document sharing. Moreover, recognizing the security issues within the DAO governance mechanism, we introduce an innovative optimization solution. Through experimentation, we validate the enhanced security of the optimized governance mechanism, reducing manipulation risks by up to 51%. Additionally, by utilizing evolutionary game analysis to deduce the equilibrium strategies of the framework, we discovered that adjusting the reward and penalty parameters of the incentive mechanism motivates creators to generate superior quality and unique e-documents, while evaluators are more likely to engage in assessments. KEYWORDSElectronic document sharing; blockchain; DAO; NFT; evolutionary game IntroductionThe Internet has become the primary means for people to work, entertain, and share knowledge in the information age. As a result, an increasing number of digital works are being circulated, stored, and

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Section: Related Workmentioning

confidence: 99%

A Framework Based on the DAO and NFT in Blockchain for Electronic Document Sharing

Chen,

Zhu,

et al. 2024

CMES

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Shaping the halal tourism industry landscape through NFT and metaverse: new horizons for halal brand and halal booking hotel

Aysan,

Syarif

2024

JIMA

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Purpose This study aims to examine the potential influence of Nonfungible Tokens (NFTs) and the Metaverse on the Halal tourism industry, with a particular emphasis on Halal brands and hotel booking platforms. This study also purpose to uncover the opportunities and challenges associated with the adoption of these technologies in the sector. Design/methodology/approach A qualitative research approach is employed, encompassing a comprehensive literature review of the halal tourism industry, NFTs and the Metaverse. Furthermore, this study utilizes case studies of brands and hotel-booking platforms that have experimented with or integrated these technologies. This study aims to provide a nuanced understanding of the implications of digital technologies in the context of the halal tourism industry. Findings The study uncovered several opportunities provided by NFTs and the Metaverse for the Halal tourism industry, such as enhanced authentication and traceability of halal products and immersive experiences tailored to Muslim travelers. However, it also identifies challenges including compliance with Islamic principles, data privacy, cybersecurity and equitable access to technology. Research limitations/implications While the study has several significant implications, it acknowledges potential limitations related to the nascent nature of NFTs and the Metaverse. Future research should delve deeper into ethical, legal and socioeconomic issues surrounding the application of these technologies in the halal tourism industry. Practical implications The findings of this study have practical implications for halal brands, hotel-booking platforms and regulators. This study provides a roadmap for harnessing the transformative power of NFTs and the Metaverse while addressing potential challenges. Social implications This research underlines the necessity for collaboration among industry stakeholders, technology providers and regulators to ensure equitable access and adherence to Islamic principles. This study preserves a more inclusive and ethically compliant use of these technologies, potentially shaping the future of the halal tourism industry. Originality/value This study focuses on the intersection of NFTs, the Metaverse and the Halal tourism industry. It provides fresh insights into the transformative potential of these technologies, aiding halal brands and hotel booking platforms in creating distinctive value propositions and experiences.

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Negative impact of Ponzi Schemes on Crypto-market

Gupta

2024

SJMBT

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Ponzi schemes have had a profoundly negative impact on the cryptocurrency market, eroding investor confidence, attracting stringent regulatory scrutiny, and contributing to significant market volatility. High-profile scams such as BitConnect have led to substantial financial losses, fostering skepticism towards new and legitimate cryptocurrency projects. The increased regulatory scrutiny resulting from these schemes has led to stricter regulations, potentially stifling innovation and growth within the market. Additionally, the negative media coverage associated with Ponzi schemes perpetuates the perception that the cryptomarket is rife with fraud, deterring mainstream adoption and fostering a biased public view. This paper explores the multifaceted negative impacts of Ponzi schemes on the cryptomarket, highlighting their role in undermining trust, instigating legal repercussions, and causing market instability. The findings underscore the need for enhanced regulatory frameworks and investor education to mitigate the risks associated with Ponzi schemes and restore confidence in the burgeoning field of cryptocurrency.

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Reviewing the Relationship Between Blockchain and NFT With World Famous NFT Market Places

Cited by 3 publications

References 8 publications

A Framework Based on the DAO and NFT in Blockchain for Electronic Document Sharing

A Framework Based on the DAO and NFT in Blockchain for Electronic Document Sharing

Shaping the halal tourism industry landscape through NFT and metaverse: new horizons for halal brand and halal booking hotel

Negative impact of Ponzi Schemes on Crypto-market

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