Non-fungible tokens (NFTs) continue to be the subject of hype. However, sometimes it’s unclear how enterprises may take advantage of this technology and whether it makes sense to start an NFT project in order to reach certain business goals. Aside from the success of play-to-earn games and avatar projects such as Bored Apes, non-fungible tokens are also beginning to have an impact on other industries. In this article, we want to take into examination two samples of real applications.
NFTs do not just represent simple images; on the contrary, they leave the door open to numerous opportunities and more structured use cases.
A very interesting use case could be Digital Ticketing; that is, digitization and registration on the blockchain of tickets for concerts, sports competitions, or other types of events.
Turning tickets into NFTs allows for the addition of numerous benefits for both event attendees who will buy tickets and more importantly for organizers.
To begin with, they allow for huge savings on paper consumption and waste, it would also be possible to associate a particular graphic or digital artwork with the ticket, which would also allow for the collection of such tickets in one’s wallet for those who are passionate about keeping tickets to their favorite concerts.
The illegal secondary market for tickets would be completely removed. , and allowed only in a legal and controlled mode, on a dedicated marketplace, where to access and interact and be “whitelisted” one must confirm one’s identity. Above all, this process would allow event organizers to collect a commission (royalties) on each exchange made on the secondary.
NFT tickets could be quietly sold in different formats, from the cheapest to the most expensive, with exclusive benefits for the holders; they would also open up opportunities for real interaction by spectators, who, for example, by temporarily “staking/locking” their ticket, would receive a QR code that, depending on the level of the ticket acquired, would open access to more exclusive areas or receive a drink.
The “staking/locking” system would completely remove the risk of dual use, each ticket being a unique and immutable NFT.
Another, more structured, use case would be to make ID badges within large companies.
Each employee would be paired with a wallet or asked to create one, and then NFTs representing their ID badge, (which could be customized as desired) would be transferred to the employees’ wallets.
the NFTs would have to be staked/locked, and a single-use QR code would be generated, which would be used to access the office. Similarly, to leave the office, the unstake/unlocking of the NFT will be required, resulting in the generation of another single-use QR code to leave the office.
Thanks to the blockchain every single access and exit from the ‘office, would be recorded in the blockchain and would become public knowledge, (only the employer would know that the wallet address of employee x belongs to employee x) ensuring transparency and security. In addition, the risk of unauthorized access would no longer exist, as only wallet owners can interact with their badges.
It would also be possible to create a whitelist, which would prevent NFTs from circulating between wallets belonging to people outside the company, permanently preventing unauthorized access from occurring
By having all their employees’ wallets registered, the company could airdrop NFTs into their wallets, such as with commemorative NFTs or certifying success on a specific task.