An Automated Smart Contract Framework for NFT-Based Warranty Management System with Account Abstraction
摘要
Current warranty systems for businesses with diverse products or extensive customer bases are bogged down by complexity. Traditional warranty management often faces challenges such as complexity, fraud, cost, customer dissatisfaction, and inefficiency. Businesses need to address these issues to effectively manage warranties, reduce costs, and improve customer satisfaction. For example, by implementing blockchain-based solutions, businesses can streamline warranty processes, reduce fraud, and enhance transparency. This research work presents an innovative, blockchain-powered solution to mitigate the above-stated issues. Each product is assigned an unique and secure warranty in the form of a Non-Fungible Token (NFT). This NFT tracks ownership and expiry directly on the blockchain, guaranteeing its validity and eliminating potential fraud. To ensure a user-friendly experience, account abstraction simplifies interaction with the system and reduces transaction fees. Finally, Gelato Ops automates the secure burning of expired NFTs upon reaching their designated date. This system streamlines warranty management for businesses, enhances trust through automation, and leverages the security and immutability of blockchain technology.