Foundations of Blockchain

Asset management

Managing an asset in the real world is a challenging task because it requires an intermediary to maintain records that contain the complete history of the asset. The intermediary needs to prove its legitimacy before it can provide users with asset information. Building trust is an expensive task, especially in a trustless network. Blockchain technology helps to achieve this trust through the decentralization of management.

The digital representation of existing physical assets is one of the key features of blockchain applications. The digital representation of a physical asset can be managed in a decentralized network.