International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 11 Issue: 06 | Jun 2024
www.irjet.net
p-ISSN: 2395-0072
Implementation of SHA256 for NFT Management Using Blockchain Prateek Baranwal1, Ritik Katiyar2, Prajusha Kundu 3, Meenakshi Yadav4 123UG Student, Department of Information Technology
4 Professor, Department of Information Technology, Galgotia’s College of Engineering & Technology, Gr. Noida,
India
-----------------------------------------------------------------------------***--------------------------------------------------------------------------1.1 Background and Origin Abstract– The rise of technology has transformed how digital assets are managed, leading to the popularity of With the development of blockchain technology, a new fungible tokens (NFTs), as a key concept. This endeavour age of transparent, safe, and decentralized systems has aims to create a NFT management system that tackles begun. Ethereum stands out as a leading force in this issues related to ownership security, transparency and domain, offering an open-source, global platform for accessibility within the NFT realm. By harnessing decentralized applications (dapps). At the forefront of blockchain, contracts and governance mechanisms users Ethereum's innovation are the contracts that executes can do their fund transfer and exchange digital assets or itself and comes with terms written directly into the Crypto Currency. The unveiling of the key is part of the code. Solidity, a high-level, contract-oriented language, process. With the assistance of the OpenAI API, machine was developed to facilitate the creation of smart learning models craft personalized NFT visuals that are contracts on the Ethereum Virtual Machine (EVM). then minted on the Ethereum blockchain using Solidity However, the process of creating Ethereum dapps has based contracts. The Interplanetary File System (IPFS) proven challenging, often necessitating developers to bolsters data integrity and immutability by furnishing integrate multiple frameworks and tools. In response to NFT metadata. This project involves a blend of business this complexity, this project introduces Hardhat, an operations and management systems. Through Ethereum development environment that streamlines the leveraging technology and embracing governance this dapp development lifecycle. Hardhat offers initiative widens access to digital assets while nurturing comprehensive tooling to simplify smart contract innovation and safeguarding digital rights. Ultimately development, testing, and deployment, addressing the fostering social creativity and reinforcing business need for practical solutions tailored to real-world use digitization efforts. This study expands on NFT cases in the Ethereum ecosystem. management systems by integrating IPFS to enhance data integrity and immutability establishing a basis, for 1.2 Need for Detection System democratizing ownership and management of assets. In the modern digital era, the imperative for secure, transparent, and efficient transaction systems spans various industries, challenging traditional centralized systems riddled with trust issues, fraud susceptibility, and intermediary reliance, thus inflating costs and vulnerability. Blockchain technology, with its decentralized and immutable nature, offers a compelling remedy, executing transactions in a trust less environment, cutting out intermediaries, and trimming associated costs. Its inherent transparency ensures all transactions are logged in a tamper-proof distributed ledger, accessible to all, fostering accountability and curbing fraud risks. However, blockchain's adoption faces hurdles due to dapp development complexity and lack of user-friendly interfaces. This project endeavours to overcome these barriers by furnishing a seamless platform for Ethereum network-based blockchain transactions. By amalgamating Solidity and Hardhat, it empowers secure, auditable transactions embedded with custom messages and keywords, facilitating peer-to-peer transactions while tailoring functionality to industry requisites. By streamlining decentralized application development and deployment, this initiative holds promise to expedite blockchain's mainstream integration,
Keywords - Ethereum, Solidity, NFT, Blockchain, Smart Contracts. 1. INTRODUCTION The Decentralised applications, or DApps, are becoming increasingly popular in the quickly developing field of blockchain technology because of their intrinsic security, transparency, and immutability. This project makes use of Hardhat, an extensive development environment, and Solidity, the programming language for Ethereum smart contracts. The principal aim is to enable safe and transparent transactions on the Ethereum network, enhanced by personalised notes and keywords. Through the use of Ethereum smart contracts, this dapp makes it possible for peer-to-peer transactions to occur directly without the need for middlemen. Ether can be transferred easily by users, who can also add keywords and customised messages to improve transaction functionality and traceability. In addition, the application offers a thorough history of transactions, which enables users to quickly filter and get pertinent information using predefined keywords. © 2024, IRJET
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