Digital Asset Ownership based on Blockchain: A Literature Review
Samar Alsulaimani, Farookh Hussain, Omar Khadeer Hussain · 2023
In the digital age, assets are becoming increasingly prevalent worldwide as they become more digitised and virtual. It is important to understand how to identify the provenance of digital assets. Digital asset ownership encompasses the rights and responsibilities of owning and managing digital assets, such as digital currencies, digital artwork, or virtual properties. Proof of ownership of digital assets is also becoming increasingly important as digital assets become more important. With the advent of blockchain technology, establishing proof of ownership and transferring the ownership of digital assets has become possible, which makes it easier for investors to trade them. Although blockchain has contributed to proving the ownership of digital assets where trust and transparency are required, there have been many efforts to apply it as it is new and is still in the experimentation phase. As few comprehensive studies address the issue of proving digital asset ownership using blockchain technology, this paper highlights and addresses this. This paper aims to fill this gap by reviewing the relevant literature on applying proof of ownership of digital assets to blockchain technology.