The co-founder and CTO of Apillion, Tadej Vengust, present Schrödinger NFTs for the first time to the public at the Sub0 conference. According to Tadej, the idea behind this unique innovation is to improve data exchange and security in the Web3 space.
Schrödinger’s NFT introduces a revolutionary way to secure files and digital assets beyond traditional NFT art forms.
This innovation uses an NFT key, granting exclusive access to hidden files. To access these files, one must have the designated NFT key, which can only be shared by the owner.
After applying the correct NFT key, the files are decrypted and made available for download by the recipient. However, if the NFT key is incorrect, the files remain encrypted and inaccessible until the correct key is used.
Tadej noted that Schrödinger’s NFT combines the capabilities of three Polkadot parachains: Moonbeam (or Astar), Crust and Phala. Although currently in the proof-of-concept stage, it offers insight into the potential for multi-chain use cases.
The origins of Schrödinger’s NFT
He explained that the concept of Schrödinger’s NFT arose from research into Phala, a parachain enabling cloud computing via trusted execution environments when discussing its origins.
This approach allows code to run on processors with secure chips without revealing its contents, adding a new dimension to distributed computing.
Phala, however, has its quirks, including limitations in HTTP requests and memory usage. It is written in Rust, a language gaining ground in the Web3 community, and uses encrypted storage.
Each Phala contract obtains a private key known only to it, allowing for private key derivations and true randomness.
He added that the concept behind Schrödinger is to associate an NFT identifier with a CID (Content Identifier) for an IPFS file. A unique encryption key, known only to the contract, is generated.
Users with the NFT can upload, encrypt and store files on IPFS. Accessing and decrypting these files requires ownership of the associated NFT, making the entire process verifiable and secure.
To demonstrate how it works, the CTO presented the deployment of Schrödinger’s NFT on three different parachains: Phala, Moonbeam and Cross.
He added that while there are some limitations of Phala contracts, such as file size constraints and turnaround times, Apillion is continually working to expand and improve the capabilities of Schrödinger’s NFT.
Real Use Case
The presentation concluded with Tadej presenting several real-world use cases of Schrödinger’s NFT. These range from secure real estate transactions, where associated documents are moved with the NFT, to password keepers, and even digital credential storage.
Although Schrödinger’s NFT uses the Apillion platform for some functionality, Tadej emphasized that the underlying technology is entirely decentralized.
Users have the option to revoke ownership or transfer their NFTs to their Phala accounts, ensuring full control.
He also stressed that Apillion’s mission is to accelerate the adoption of Web3 by empowering its manufacturers. He highlighted that this mission translates into in-depth research on various parachains, blockchains, IPFs and decentralized protocols.