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While being considered a trillion dollars opportunity, digital ownership-based transactions still raise a LOT of risks for authors, owners, and buyers.IP infringement, identity theft, plagiarism, counterfeiting, loss of keys most of these incidents are due to the lack of digital ownership protection.A major marketplace such as OpenSea recently admitted that over 80% of the items created with their minting tool were plagiarized works, fake collections, and spam. NFT value can thus be jeopardized even before a transaction.The picture is no better after transaction. Just take Chainalysis’ estimate of more than 140B of bitcoins — just bitcoin alone — locked in lost wallets. Or think about your NFT underlying art which can suddenly disappear by being stored on centralized storage. This is a huge point of failure. Even though NFT’s existence is unquestionably secure as it’s created on a blockchain, would you want a certificate of property linked to no property at all?
That situation is not sustainable over the long term.Without safe digital ownership, blockchain technology will struggle to deliver its full potential to people. logion’s team works hard to solve that situation by providing the public blockchain that genuinely protects all digital assets and related transactions being operated by a decentralized network of legal officers.All projects built with the logion infrastructure protect their digital asset holders by providing them: Token creation with underlying asset existence certification and escrow Zero-knowledge proof “Legal Officer Case”: A Legal Officer case is an innovative technology developed by the logion’s team. It’s a blockchain folder, a unified source, available on the logion blockchain, of digital asset existence, identities, rights, and ownership proofs. All underlying documents are encrypted and escrowed with strict confidentiality access rules. Multisig service (to avoid any unwanted asset transfer as a high-value asset transfer requires Legal Officer signature) Social recovery service (to answer to password loss situation)