Patent attributes
A system and method for recording, authenticating and verifying transactions of physical items between transacting parties. The system may include memory storing a digital ledger comprising a list of identifiers for a plurality of physical items, each physical item corresponding to a different respective identifier, each identifier being linked in the digital ledger to a public key of an owner of the corresponding physical item, and the list of identifiers and linked public keys being distributed among a plurality of blocks sequentially connected to one another in the digital ledger. The system may also include one or more processors configured to receive a cryptographically signed message including information regarding a transaction of a physical item, including the corresponding identifier of the physical item derived from scanning a label affixed to the physical. The system may verify the message and incorporate the information regarding the transaction into the digital ledger.
