What Is a Digital Asset Passport? How On-Chain Identity and…
By Tobi Opeyemi Amure
AI summary of the source article
A digital asset passport provides a structured, blockchain-backed digital record establishing an asset's identity, ownership, and history. It combines decentralized identifiers, verifiable credentials, and cryptographic signatures to support supply chains and real-world asset tokenization.
Why it matters
Digital asset passports can improve transparency and accountability across industries where verifying an asset's identity, ownership or history is important, including connecting physical assets to digital representations in real-world asset tokenization.
Key facts
- Digital asset passports use decentralized identifiers and verifiable credentials based on a W3C framework involving an issuer, holder, and verifier.
- The concept overlaps with the European Union's Ecodesign for Sustainable Products Regulation, which establishes the framework for Digital Product Passports.
- Blockchain records do not automatically guarantee authenticity, as the accuracy of initial information relies on trusted sources.
Source excerpt · FinanceFeeds
A digital asset passport is a digital record that establishes the identity, ownership, origin and history of an asset. It provides a structured way to store and verify information about physical or digital assets, allowing authorised parties to access reliable records throughout an asset's lifecycle. Blockchain technology can strengthen this system by providing a shared, tamper-resistant record of…