Immutable Digital Recognition via Blockchain

TL;DR

This paper proposes a blockchain-based electronic recognition system utilizing NFTs, smart contracts, and RSA signatures to enhance trust, security, and decentralization in digital token management.

Contribution

It introduces innovative blockchain solutions addressing traditional electronic token issues, integrating decentralization and centralization for secure digital recognition.

Findings

Developed a secure, transparent electronic certification system

Enhanced trust and decentralization in digital tokens

Enabled community participation and legal compliance

Abstract

The development of blockchain technology has significantly enhanced the security and transparency of personal information and transaction records. Concurrent with the advancement of blockchain technology and the emergence of the digital currency ecosystem, the internet has evolved from a paradigm dominated by information flow to one driven by value flow. Consequently, the concept of token has gained widespread dissemination, and the electronic token under investigation in this thesis is a development of this concept. The application of electronic tokens has become pervasive with the development of the internet, but the functionality of these tokens is often limited, and issues related to trust remain significant challenges. This study proposes innovative solutions to address the deficiencies in traditional electronic token systems, including the issuance of tokens, the heterogeneity of issuance standards, and the lack of democracy. The solutions are based on distributed storage, anti-tampering mechanisms, consensus protocols, and transparent, traceable storage. Additionally, the study employs NFTs, smart contracts, and RSA blind signatures, among other key technologies, to construct a system based on blockchain technology. The process integrates the decentralised management and centralised operation models, aligning them with the national policy directives. The developed solution enables the full utilisation of blockchain technology's advantages while also fostering community participation. Consequently, it establishes a secure, legal, reliable, and dynamic electronic certification system.