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SoK: Non-fungible tokens on Blockchain

Part of Summer Research Scholar Program project "Trust Mechanism Design: Blockchain for Social Good" at Duke Kunshan University 2022

Published onOct 18, 2022
SoK: Non-fungible tokens on Blockchain
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Disclaimer: This article is a final deliverable from Prof. Luyao Zhang's project entitled "Trust Mechanism Design: Blockchain for Social Good," supported by the 2022 Summer Research Scholarship (SRS) program at Duke Kunshan University. We give many thanks to DKU 2022 SRS program and SciEcon Insight editorial board. The summer research scholar Yutong Sun is a senior student majoring in Applied Mathematics and Computational Science.

Part I. Research Summary

Information

“SoK: Non-fungible tokens on Blockchain” (work in progress)

corresponding author: Prof. Luyao Zhang

student co-author: Yutong Sun

Abstract

Blockchain has become one of the most popular transaction recording tools in the 21st century because of its decentralized, safe and efficient, open and transparent, and data traceability. Non-Fungible Token, as a unique data unit on blockchain and can be used to solve the ownership problem of unique assets, is widely used in many fields to solve different problems, such as art, music, games, meta universe, health care, wildlife protection, etc. At present, although many scholars have studied how to apply Non-Fungible Tokens to
different fields, few have carried out a comprehensive summary of the application of NFT, and given the corresponding analysis of the risks and challenges. Therefore, in this article, we review the articles on the application of Non-Fungible Token, find out the relationship between them, and conduct an in-depth and comprehensive analysis on how to apply Non-Fungible Token to solve real-world problems in different fields. In addition, we also outline
risks and challenges that arise after applying Non-Fungible Token and provide clues to solve them in future research.

Part II. Related Research

Exploratory Research Articles Published on SciEcon insights

Yutong Sun. 2022. “Supply Chain Finance Risk Identification and the Corrective Role of the Blockchain” SciEcon Insights.

URL: https://medium.com/sciecon-research/supply-chain-finance-risk-identification-and-the-corrective-role-of-the-blockchain-52e563e1a78b

Academic Research in progress

“SoK: Connecting Contract Theory to Smart Contract” (work in progress)

corresponding author: Prof. Luyao Zhang

student co-author: Yutong Sun

URL: https://srs.pubpub.org/pub/smartcontract/release/1

Part III. Summer Research Scholar

This is Yutong Sun, the research assistant at SciEcon CIC and a senior student majoring in Applied Mathematics and Computational Science at Duke Kunshan University. Her research interest is in financial technology and financial mathematics. Previously, she has published some research papers on commercial leverage ratios, stock price-predicting, and stock quantitative investment strategy using machine learning models. And in the summer of 2022, she has done researches related to smart contract, contract theory, and Non-Fungible Token with Prof. Luyao Zhang.

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