Some real-world applications of NFT include but not limited to:
1. Authenticity - With just a scan on the QR code, you will be able to track and validate the entire journey of your purchase from sourcing, manufacturing, to the final delivery.
2. Real estate - NFTs can be used to transfer land deeds, provide proof off ownership and even keep track of changes in property value over time
3. Medical Records and Identity Verification - NFT ledger can store an individual's medical records without compromising confidentiality or risking tampering from external sources
4. Academic Credentials - NFTs can create immutable records for courses taken by issuing tokens for each course completed along with verifying any degrees earned through smart contract verification system