Asset Ownership Transfer and Inventory Using RFID UHF TAGS and Ethereum Blockchain NFTs

In the present, many organizations grow on a daily basis, using assets to perform their activities and generate profit. large organizations, all of these must be managed, occasionally leading challenges depending organization’s size. For this reason, role asset custodian is needed. This entails assigning fixed one person for care, maintenance, safekeeping. process, it necessary update information in central system, further administrative processes, which, majority cases, are carried out through traditional methods. involves time obtain wet signatures, great deal paperwork, or people charge information. Due reasons, process can updated partially entirely use digital means order solve mentioned inconveniences. paper presents proof-of-concept system offer modernized practical solution problem advantages blockchain technology, speeding up by identified with UHF RFID technology permit reading tags that embedded hidden no need line-of-sight, allowing fast ownership transfer, smart contracts Ethereum private blockchain.