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Digital Asset

Overview#

Digital Asset is any Digital item that has value.

In the past, copying digital content is easy to do and difficult to stop, providers of digital products such as MP3 audio files or e-books never give customers outright ownership of the content, but instead lease it and define what users can do with it in a license, with stiff legal penalties if the license is broken. (DRM)

This is why you can make a 14-day loan of your Amazon Kindle book to a friend, but you can’t sell it or give it as a gift, as you might a paper book.

However with Distributed Ledger Technology (like Blockchain and Bitcoin) demonstrated that Verification of Ownership of a Digital Asset could be performed

More Information#

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