METHOD AND SYSTEM OF ASSOCIATING CUSTOM CARD DESIGNS WITH NON-FUNGIBLE TOKENS

Smart overview of the Invention

The patent application outlines a method and system for combining non-fungible tokens (NFTs) with digital payment instruments through a dual verification process. This process allows users to customize their digital credit cards using exclusive NFT artwork. By verifying ownership of both a transaction account and an NFT, users can integrate unique designs into their payment instruments, enhancing personalization and exclusivity in the financial sector.

Field of Application

This innovation addresses the intersection of customization and exclusivity in consumer products, particularly in financial instruments like credit and debit cards. With the increasing popularity of NFTs as digital ownership proofs, this system leverages blockchain technology to offer consumers a way to personalize their payment methods with exclusive digital art, thus meeting the demand for unique and customizable financial products.

Verification Process

The dual verification process involves two sets of authentication credentials. The first set verifies the user's transaction account through standard authentication procedures like account identifiers or login credentials. The second set confirms NFT ownership by validating a digital signature using a public key associated with the NFT. Successful verification of both sets allows the integration of the NFT's image onto the digital payment instrument, which can then be stored in a digital wallet for use in transactions.

System Components

The system comprises a processing server and a computing device. The processing server receives authentication credentials, performs dual verification, and communicates results to the computing device. It checks transaction account details against stored data and validates NFT ownership through cryptographic methods. The computing device, such as a smartphone or computer, then displays the customized digital payment instrument for user transactions.

Implementation and Use

Through this system, users can create digital payment instruments with exclusive designs by proving ownership of both an NFT and a transaction account. This integration not only offers personalization but also enhances security by ensuring that only verified owners can use specific designs. The system is adaptable across various devices and payment platforms, providing consumers with a seamless and secure way to express individuality through their financial transactions.