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Digital Asset
Digital Asset

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!!! Overview
[{$pagename}] is any "electronic" [Asset] (or [data]) that has value and is a [Protected Resource]
[Revised Uniform Fiduciary Access to Digital Assets Act] defines the term "[{$pagename}]" as an electronic [asset] to which a person has a right or interest. The term "[{$pagename}]" does not include an underlying [asset] or [liability] unless the [asset] or [liability] is itself an electronic record. So, for purposes of [RUFADAA], the electronic [bank] records are a [Digital Asset], though the [Money] in the account would not be.
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
There might be more information for this subject on one of the following:
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This page (revision-1) was last changed on 29-Nov-2024 16:16 by UnknownAuthorTop