Let’s consider the case that Alice is selling her digital contents to

Bob. Now, Bob resells it to Carol and the chain continues to Harry,

Frank, Grace etc. While Alice gets paid for the first time sale, she is

not getting benefitted in all these reselling deals. With this new

approach, Alice can create an NFT associating it with the digital

content, i.e., “This content is created by Alice on such and such date

and she is the original Issuer. Alice’s address on Ethereum is xxxx”.

A fraction of money would go to her on every reselling deal where

Alice is not directly involved.

If you are any kind of digital content creator, i.e., blogger, financial

advisor, scientist, movie star, author etc., you can create your own

NFT and sell your digital contents, even blogs, tweets etc., over the

Internet with the assurance that every time it’s resold, you can earn

money out of it. In education, NFT can be used in Research, PhD

paper presentation, Design, Architecture, Formulas etc.

18.1.2 Blockchain & DLT Platforms

NFTs can be architected in many different ways as per the business

need. As shown in Figure 18.1, an NFT would need a protocol where

we can set different criteria for NFT regulation, whereas the NFT

token can carry the information such as a unique id, Issuer, Issuance

date etc., as follows: