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Various start-up developers and academic researchers have investigated theusage of blockchain as a data storage medium due to the advantages offered byits tamper-proof and decentralized nature. However, there have not been manyattempts to provide a standard platform for virtually storing the states ofunique tangible entities and their subsequent modifications. In this paper, wepropose NFTracer, a non-fungible token tracking proof-of-concept based onHyperledger Composer and Hyperledger Fabric Blockchain. To achieve thecapabilities of our platform, we use NFTracer to build an artwork auction and areal estate auction, which vary in technical complexity and demonstrate theadvantages of being able to track entities and their resulting modifications ina decentralized manner. We also present its accompanying modular architectureand system components, and discuss possible future works on NFTracer.

NFTracer: A Non-Fungible Token Tracking Proof-of-Concept Using Hyperledger Fabric