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Implementing Non-fungible Tokens (NFTs) and Blockchain Technology for Real-Time Stock Trading

  • Annapurna P. Patil,
  • Vaishnavi Somani,
  • V. Harikrishnan,
  • Sankalp Santosh Shanbhag,
  • Bhawansh Narain Saxena

摘要

This work explores the innovative application of trading stocks as non-fungible tokens (NFTs) using blockchain technology. It presents the potential benefits of using NFTs for stock trading, such as increased liquidity, as well as the advantages of using blockchain technology for secure and transparent trading. Challenges that may arise in implementing this technology, including regulatory concerns and interoperability issues between different blockchain networks, are also addressed. By leveraging the inherent properties of blockchain, such as decentralisation, transparency, and security, the proposed implementation offers a unique approach to buying and selling stocks. The application allows users to create NFTs that represent ownership of a particular stock, which can then be traded on a decentralised platform. The system is designed to be transparent, secure, and efficient. This research delves into the technical architecture of the proposed application, including the use of smart contracts to automate the issuance and trading of NFTs. Overall, it provides a comprehensive overview of the development of a blockchain-based application for trading stocks as NFTs, highlighting the potential for innovation in the traditional finance industry.