REPRESENTATION OF DIGITAL ASSET STRUCTURE, OWNERSHIP AND EVOLUTION BY VIRTUE OF A HIERARCHICAL, COMPOUNDING TAGGING MECHANISM ON A TRANSACTION-BASED NETWORK

摘要

A system and method for verifying ownership of a digital asset transferred over a network includes creating a first public digital tag for the digital asset upon performing a first transaction, the first digital tag including a unique identifier of the digital asset, a namespace associated with the digital asset, and a first current forward address for the transfer of the digital asset, permanently associating the first public digital tag with the digital asset, and transferring the digital asset with the associated first public digital tag in accordance with the first transaction. A second public digital tag is permanently associated with the digital asset upon a subsequent transfer of the digital asset to a second current forward address in accordance with a second transaction, the second digital tag including the unique identifier of the digital asset, the namespace associated with the digital asset, and a second current forward address for the subsequent transfer of the digital asset.