Asset Lifecycle Control

Definition ∞ Asset Lifecycle Control refers to the systematic management of an asset from its creation to its retirement. This involves continuous oversight of digital assets across their entire operational duration within a blockchain or digital economy framework. Such control ensures proper registration, secure usage, maintenance, and eventual decommissioning of assets, thereby preserving their integrity and value. It addresses the secure and efficient progression of an asset through its various stages.
Context ∞ Discussions often revolve around automating asset lifecycle stages using smart contracts and decentralized autonomous organizations (DAOs) to enhance transparency and reduce manual intervention. Regulatory bodies are examining how traditional asset control principles apply to novel digital asset classes, influencing compliance requirements and operational frameworks. Future developments include standardized protocols for cross-chain asset management.