Introduction to verifiable digital ownership
Verifiable digital ownership refers to a system where digital assets or rights are represented, tracked, and verified using blockchain technology. This concept is crucial in various applications, including cryptocurrencies, NFTs, digital rights management, and more. The key aspects of verifiable digital ownership include the following:
- Digital assets on blockchain: Digital assets can be anything from digital art, music, videos, online collectibles, and virtual real estate to cryptocurrencies such as Bitcoin or Ether. These assets are often tokenized, which means they are represented as digital tokens on a blockchain. In the case of unique assets such as digital art, these tokens are often NFTs, meaning each token is unique and cannot be interchanged with another.
- Ownership and provenance: The blockchain records who currently owns a digital asset. Each token has an owner, and this information is stored in a way that is transparent...