Tag: Blockchain Proof of Ownership

Blockchain is a cutting-edge technology with novel features, including decentralization, cryptographic security, and immutability. Accordingly, every transaction that occurs on a blockchain remains unalterable and unmodifiable. In addition, blockchain offers mathematically verifiable digital scarcity of assets. Further, blockchain offers proof of ownership with each transactional movement of an asset by its very nature. However, many different businesses are introducing blockchain proof of ownership using non-fungible tokens (NFTs). In turn, this presents a new opportunity for consumers to take digital ownership to the next level.