Non-Fungible Token (NFT) Security: NIST IR 8472 is Now Available
NIST has published the final version of Internal Report (IR) 8472, Non-Fungible Token Security.
Non-fungible token (NFT) technology provides a mechanism to sell and exchange both virtual and physical assets on a blockchain. While NFTs are most often used for autographing digital assets (associating one’s name with a digital object), they utilize a strong cryptographic foundation that may enable them to regularly support ownership-transferring sales of digital and physical objects. For this, NFT implementations need to address potential security concerns to reduce the risk to purchasers.
This publication:
- Defines NFTs
- Identifies 11 properties that should be provided by most correctly functioning and secured NFT implementations
- Evaluates each property to reveal 27 potential security concerns
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
![](https://www.einpresswire.com/tracking/article.gif?t=2&a=wGNUsEl4OnJU9XBv&i=4bW_sro9x5fQrUwT)