Blockchain Technology based high Value- asset Decentralized Tracking and Trading platform WhitePaper
THE PAIN POINT OF TRADITIONAL PROPERTY RIGHTS DEFINITION AND ASSET CIRCULATION.
Current property rights system for tangible assets is confirmed through paper contracts. Such system fails to define digital assets, especially the “big data” generated by users. Individual rights and personal privacy in digital era cannot be fully respected and protected.
Risks of legitimation, taxation, accuracy and consistency problems occur when assets goes digitization. Besides, different types of assets require different approaches in order to be traded on the blockchain.
The current asset registration and asset circulation are mostly provided by service agencies or industry organizations. Nevertheless, the inefficient process, outdated network and software as well as the laggard system lead to risks and hidden dangers in asset registration and asset circulation.