SYSTEM AND METHOD FOR SECURE, PERMANENT AND TRACEABLE DIGITAL PROOF OF OWNERSHIP FOR UNIQUE PHYSICAL ITEMS

Smart overview of the Invention

This patent application describes a novel system and method for securely linking unique physical items with digital ownership proofs through advanced technologies. The approach integrates laser engraving, blockchain, optical scanning, and multi-component code verification to create secure asset identifiers in both digital and physical formats. This ensures anti-counterfeiting, anti-theft, item provenance, and information storage applications. The system also facilitates the creation of unique non-fungible digital tokens (NFTs) that can be permanently connected to physical items using laser-engraved codes that are easily scannable by smartphones.

Technological Integration

The proposed method combines several technologies to achieve secure ownership verification. Laser engraving is used to mark physical items with multi-component codes or QR codes, which are then paired with NFTs on a blockchain. Optical scanning allows these engravings to be read by any smartphone, linking the physical item to its digital counterpart. This integration provides a permanent and traceable digital proof of ownership while enhancing security against forgery and theft of digital information.

Addressing Existing Challenges

Current systems often rely on QR codes printed on labels attached to physical items, which pose security risks due to their non-permanent nature and ease of duplication. Moreover, existing NFT systems for digital assets suffer from cybersecurity vulnerabilities, such as unauthorized copying via "right-click-save" operations. By embedding the code directly onto the item using laser engraving, this invention addresses these flaws, offering a more secure and permanent solution for linking NFTs with physical assets.

Potential Market Impact

The commercial potential for securely linking NFTs to physical items is substantial. This technology could revolutionize markets for luxury goods like jewelry, art, and collectibles by adding significant value through secure digital ownership verification. The potential market size for such applications could exceed that of digital asset NFTs, with implications for logistics, supply chain management, and other sectors involving physical products.

Innovation and Advantages

This invention introduces significant improvements over prior art by providing a robust solution for verifying ownership of physical items. It eliminates the reliance on non-permanent QR codes and enhances security through blockchain technology. The use of laser engraving ensures durability and traceability of ownership records, making it a viable option for high-value items where authenticity is crucial. Overall, this system offers a comprehensive approach to bridging the gap between digital tokens and real-world assets.