An ownership record is a documented account that formally establishes and verifies legal possession or control over an asset. In traditional systems, these records are typically maintained by centralized authorities, such as land registries or financial institutions. In the context of digital assets, blockchain technology offers immutable and decentralized ownership records.
Context
For digital assets, the ownership record is fundamentally an entry on a distributed ledger, providing verifiable proof of possession without the need for intermediaries. News frequently highlights the transparency and immutability of blockchain-based ownership records for cryptocurrencies, non-fungible tokens (NFTs), and tokenized assets. These discussions often contrast digital records with traditional systems and explore their implications for property rights and legal frameworks.
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