Blockchain Based Transaction System with NFT

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Blockchain Based Transaction System with NFT ( blockchain-based-transaction-system-with-nft )

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Sensors 2021, 21, 3822 6 of 32 the Storage Provider must check if the energy is actually physically stored for the mentioned amount. Also, the Storage Provider must make sure that the change of ownership occurs successfully at their end and then approve the transaction. Moreover, for StUnit and EStUnit, the Storage Provider as the issuer and the Transaction Platform as the place where the user interacts with these units, must endorse. Similarly, for all transactions involving InUnit and GaUnit, the Power Company and the Transaction Platform must endorse. The Power Company is the issuer and the Transaction Platform is where the prosumers access the system, so both must approve. Table 1. Token issuers, endorsers and usage. Token Type EUnit EVnit InUnit GaUnit StUnit EStUnit Issuer Transaction Platform Transaction Platform Power Company Power Company Storage Provider Storage Provider Endorser Storage Provider Storage Provider Transaction Platform Transaction Platform Transaction Platform Transaction Platform Use Prosumers Prosumer to EVs Prosumer Incentivization Prosumers Gamification Storage token EV Reward token 3. Design and Implementation A token is acted upon by four operations in its lifecycle as shown in Figure 2. First the token is created by a seller. A buyer then bids upon the token, whereupon the seller transfers the value of token to the buyer. The owner of a token can redeem the value of the token. Figure 2. Operations of the token. 3.1. Structure of the Token Each token, whether FT or NFT in our implementation consists of a key value pair where the key is the ID of the token and the value consists of fields with information about the token as shown in Figure 3. However, there are differences in the the design and implementation of the contents of the token fields for FT and NFT and is described in Sections 3.3 and 3.4. Figure 3. Structure of token. The fields in the token are: • ID uniquely identifies the token in the network. • AvailableAssets lists the count of energy assets included in this token

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