Definition ∞ This refers to publicly verifiable and immutable documentation of asset ownership, typically maintained on a distributed ledger or blockchain. Such records provide clear, auditable evidence of who possesses what assets, enhancing trust and reducing disputes. They eliminate the need for centralized intermediaries to validate ownership claims.
Context ∞ Transparent ownership records are a core attribute and significant advantage of many digital assets and blockchain systems. This feature is frequently highlighted in discussions about preventing fraud, simplifying asset transfers, and establishing clear provenance for digital collectibles and tokenized real-world assets.
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