Tracking Tangible Asset Ownership and Provenance with Blockchain

ABSTRACT Blockchain transactions are recorded in a shared and append-only repository that multiple parties verify, validate, agree upon. While initially used to keep track of digital assets, blockchains now the ownership provenance tangible assets. An inherent challenge using blockchain for this task involves keeping status asset physical world sync with its non-fungible token on blockchain. several already being manner, specific implementation details fragmented. In response, study examines four stages tracking assets consortium's permissioned blockchain, including: design governance creation, transfer, retirement. Based analysis, proposes framework risk considerations control objectives evaluate extent which unique serves as reliable transaction