Lifecycle Management

Definition ∞ Lifecycle Management pertains to the comprehensive oversight of an asset or product from its initial conception through its operational existence and eventual retirement. This process involves planning, execution, monitoring, and optimization across various stages. In digital assets, it includes the creation, distribution, trading, and eventual burning or decommissioning of tokens.
Context ∞ The current state of Lifecycle Management for digital assets is rapidly maturing, particularly with the rise of institutional participation and complex decentralized applications. A critical discussion involves establishing clear standards for governance, security, and upgrades throughout a digital asset’s operational span. Future developments will likely focus on automated and verifiable management protocols, enhancing the reliability and long-term viability of digital assets.