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Main Challenges Involved In This Project

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Solution We Applied
First, we conducted in-depth research about the platform's operations, internal dependencies, and overall efficiency. We jotted down all the core functionalities required to get integrated with the NFT standards for higher performance.
We leveraged the ERC-1155 standard for tokenizing the customer base's digital identities so that it will become easier to scale up the security. By developing custom smart contracts, we created NFT tokens for the platform.
As other crypto assets of the same value are interchangeable and valid for transactions, there was a need for a unique identifier. To accomplish this, we leveraged the ERC -721 standard in which the tokens are non-fungible; hence no two parties can interchange the tokens. Every token within the smart contract holds a unique value, which makes the system more robust.
For effectively managing the operations of the platform, we utilized NFT standard ERC-777 for an error-free experience for the client. ERC-777 standard comes with a hook's functionality that notifies the platform owners whenever there is any activity regarding the tokens. With this protocol, it becomes more transparent and faster for the client to keep a better track of the activities and optimize the platform for higher performance.
And, for establishing the inter-connectivity between multiple smart contracts within the platform, we implemented ERC-165. This NFT standard facilitates a seamless method for a smart contract to call functions from another smart contract. With the combination of all these NFT standards, we achieved a complete tokenized system for the existing system.
Results We Achieved

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