eCommerce warranty system using NFTs

The objective is to replace the physical warranty and have block chain based warranty using NFT which will ensure authenticity and security. ● Converting ownership authenticity and product warranty cards into decaying NFTs. ● For instance, allow brands and retailers to introduce an NFT for each of their products, which allows customers to receive the physical product along with a digital version of it. ● Customers can then use the digital NFT to verify the authenticity of their product, prove their ownership of their product, and transfer ownership of them upon resale. ● The brand/retailer should also be able to tie the digital NFT to its warranty program, allowing owners to track repairs and replacements to the original item. ● Decay the NFT once the warranty is over. ● You can use the Polygon blockchain to deploy your solution and demo the final product as a web prototype Example on the Klatyn Chain - Korean retailer issues blockchain warranties as NFTs for luxury items - Ledger Insights What are we expecting: ● The blockchain smart contract should allow users to prove ownership ● Provide the purchasing history, warranty period, and other item information ● The warranty card should include the item’s serial number and upon purchase be sent to the customer’s smartphone. ● The NFTs should be decaying in nature, in that, after a certain period their use for the redemption of warranty benefits offered by the brand/retailer will expire ● Bonus - GUI-based tool that doesn’t require knowledge of any Blockchain programming to use by Brands and Retailers. ● Bonus - Usage of Soulbound NFTs ● Bonus - Add any engagement/gamification construct to the loyalty program