Important Things To Know About Digital Asset Management
1. Digital Assets Go Beyond Media File
Blockchain isn’t just for storing large amounts of
data—it can also handle metadata for any type of
file.
2. Blockchain isn’t just About Transaction
Bitcoin is just one application on top of blockchain technology that enables transactions between parties without needing an intermediary like a bank or government body.
3. Blockchain Requires a Network
Blockchain requires multiple nodes to reach a consensus on new transactions before adding them to its ledger. It acts as a series of trusted nodes working together instead of trusting one central entity such as a bank or clearinghouse.
4. Blockchain Can Help Solve Real Problem
As blockchain technology evolves, it will become a viable solution for digital assets in areas such as intellectual property rights management, patient records, and even voting.