Distributed tracking and verification of objects using a blockchain system
A system for managing domain registrations configured to connect to a blockchain wallet running on a client device. The blockchain wallet includes associated keys for a blockchain system. The system is further configured to inspect the blockchain wallet for a first non-fungible token (NFT) associated with a first domain name, and check with a domain name service (DNS) registry on whether the first domain name is registered at the DNS registry. The DNS registry is configured to receive registration information associated with one or more domains. In response to the first domain name being registered at the DNS registry, performing one or more of (i) expiring the first NFT in the blockchain wallet, (ii) adding a second NFT to the blockchain wallet, (iii) adding a fungible token to the blockchain wallet, (iv) removing the first NFT from the blockchain wallet, or (v) exchanging the first NFT for the fungible token.
1 . A system for managing domain registrations, the system including a non-transitory computer-readable medium storing computer-executable instructions thereon such that when the instructions are executed, the system is configured to:
connect to a blockchain wallet running on a client device, the blockchain wallet including associated keys for a blockchain system;
inspect the blockchain wallet for a first non-fungible token (NFT) associated with a first domain name, the first NFT being found in the blockchain wallet indicating an unregistered status for the first domain name;
check with a domain name service (DNS) registry on whether the first domain name is registered at the DNS registry, wherein the DNS registry is configured to receive registration information associated with one or more domains; and
in response to the first domain name being registered at the DNS registry, perform one or more of (i) expiring the first NFT in the blockchain wallet, (ii) adding a fungible token to the blockchain wallet, or (iii) removing the first NFT from the blockchain wallet.
2 . The system according to claim 1 , wherein executing the instructions further configure the system to:
receive, from the client device, a request to mint the first NFT; and
coordinate with the blockchain system and the blockchain wallet to add the first NFT to the blockchain wallet.
3 . The system according to claim 2 , wherein executing the instructions further configure the system to:
receive, from the client device, a request for checking a registration status of the first domain name; and
check with the DNS registry to determine whether the first domain name is registered, wherein the first NFT is added to the blockchain wallet when the first domain name is unregistered.
4 . The system according to claim 1 , wherein the first NFT is tradable to a second blockchain wallet associated with a second client device that is different from the client device.
5 . The system according to claim 1 , wherein the first NFT is viewable on a marketplace.
6 . The system according to claim 1 , wherein the first NFT has an expiration date.
7 . The system according to claim 6 , wherein executing the instructions further configure the system to:
receive, from the client device, a request to extend the expiration date of the first NFT.
8 . The system according to claim 1 , wherein one or more grace periods govern (i) the expiring the first NFT in the blockchain wallet, (ii) the adding the fungible token to the blockchain wallet, or (iii) the removing the first NFT from the blockchain wallet.
9 . The system according to claim 1 , wherein the removing the first NFT from the blockchain wallet includes moving the first NFT from the blockchain wallet to a burn wallet.
10 . The system according to claim 1 , wherein executing the instructions further configure the system to:
receive, from the client device, a request to mint a new NFT associated with the first domain name; and
deny the request to mint the new NFT based at least in part on the first NFT being unexpired.
11 . The system according to claim 1 , wherein executing the instructions further configure the system to:
receive, from a second client device different from the client device, a request to mint a new NFT associated with the first domain name; and
deny the request to mint the new NFT based at least in part on the first NFT being unexpired.
12 . The system according to claim 1 , wherein a new NFT is minted for the first domain name after the expiring of the first NFT in the blockchain wallet.
13 . The system according to claim 12 , wherein the new NFT is added to the blockchain wallet.
14 . The system according to claim 12 , wherein the new NFT is added to a second blockchain wallet associated with a second client device that is different from the client device.
15 . A method for managing domain registrations, comprising:
connecting to a blockchain wallet running on a client device, the blockchain wallet including associated keys for a blockchain system;
inspecting the blockchain wallet for a first non-fungible token (NFT) associated with a first domain name, the first NFT being found in the blockchain wallet indicating an unregistered status for the first domain name;
checking with a domain name service (DNS) registry on whether the first domain name is registered at the DNS registry, wherein the DNS registry is configured to receive registration information associated with one or more domains; and
in response to the first domain name being registered at the DNS registry, performing one or more of (i) expiring the first NFT in the blockchain wallet, (ii) adding a fungible token to the blockchain wallet, or (iii) removing the first NFT from the blockchain wallet.
16 . The method according to claim 15 , further comprising:
receiving, from the client device, a request to mint the first NFT; and
coordinating with the blockchain system and the blockchain wallet to add the first NFT to the blockchain wallet.
17 . The method according to claim 16 , further comprising:
receiving, from the client device, a request for checking a registration status of the first domain name; and
checking with the DNS registry to determine whether the first domain name is registered, wherein the first NFT is added to the blockchain wallet when the first domain name is unregistered.
18 . The method according to claim 15 , wherein the first NFT is tradable to a second blockchain wallet associated with a second client device that is different from the client device.
19 . The method according to claim 15 , wherein the first NFT is viewable on a marketplace.
20 . The method according to claim 15 , wherein the first NFT has an expiration date.
21 . The method according to claim 20 , further comprising:
receiving, from the client device, a request to extend the expiration date of the first NFT.
22 . The method according to claim 15 , wherein one or more grace periods govern (i) the expiring the first NFT in the blockchain wallet, (ii) the adding the fungible token to the blockchain wallet, or (iii) the removing the first NFT from the blockchain wallet.
23 . The method according to claim 15 , wherein the removing the first NFT from the blockchain wallet includes moving the first NFT from the blockchain wallet to a burn wallet.
24 . The method according to claim 15 , further comprising:
receiving, from the client device, a request to mint a new NFT associated with the first domain name; and
denying the request to mint the new NFT based at least in part on the first NFT being unexpired.
25 . The method according to claim 15 , further comprising:
receiving, from a second client device different from the client device, a request to mint a new NFT associated with the first domain name; and
denying the request to mint the new NFT based at least in part on the first NFT being unexpired.
26 . The method according to claim 15 , wherein a new NFT is minted for the first domain name after the expiring of the first NFT in the blockchain wallet.
27 . The method according to claim 26 , wherein the new NFT is added to the blockchain wallet.
28 . The method according to claim 26 , wherein the new NFT is added to a second blockchain wallet associated with a second client device that is different from the client device.
29 . A system for managing domain registrations, the system including a non-transitory computer-readable medium storing computer-executable instructions thereon such that when the instructions are executed, the system is configured to:
connect to a blockchain wallet running on a client device, the blockchain wallet including associated keys for a blockchain system;
inspect the blockchain wallet for a first non-fungible token (NFT) associated with a first domain name;
check with a domain name service (DNS) registry on whether the first domain name is registered at the DNS registry, wherein the DNS registry is configured to receive registration information associated with one or more domains; and
in response to the first domain name being registered at the DNS registry, adding a fungible token to the blockchain wallet, wherein the fungible token has an exchange value associated with a value of the first domain name.
30 . A method for managing domain registrations, comprising:
connecting to a blockchain wallet running on a client device, the blockchain wallet including associated keys for a blockchain system;
inspecting the blockchain wallet for a first non-fungible token (NFT) associated with a first domain name;
checking with a domain name service (DNS) registry on whether the first domain name is registered at the DNS registry, wherein the DNS registry is configured to receive registration information associated with one or more domains; and
in response to the first domain name being registered at the DNS registry, adding a fungible token to the blockchain wallet, wherein the fungible token has an exchange value associated with a value of the first domain name.