Foundations of Blockchain

Digital assets and identity

Digital assets are programmable assets that exist in digital format. These assets can have their own value (digital tokens) or could virtually represent existing physical assets (ownership of vehicle). Digital assets have been used since the beginning of the digital age, but until now they have always existed in an environment where management was centralized. The invention of blockchain has allowed digital assets to exist in a decentralized network, where no trusted intermediary is needed to register or trade an asset. Removing the intermediaries means users don't have to pay any additional charges while trading assets.

Digital identity is essential to digital assets when dealing with asset ownership. It represents ...