Digital asset management
A system, method, and computer readable medium for issuing a title for a vehicle that guards against title washing. The system executes registration and titling activities over a network with an issuance authority in response to the authentication of a token. The system retrieves a user membership private key from a private key vault and instantiates smart contracts that commit a transaction associated with a registration of a physical asset with the issuance authority. The system signs the smart contracts with a cryptographic private key not assigned to the user membership in response to establishing a proof of claim to the physical asset and invokes a service discovery that identifies availability of on-line certificate attesting peer nodes to attest the transaction. The system instantiates of the smart contracts on a title issuance authority blockchain network hosted by the issuance authority or provisioned to them in a managed services deployment.
1. A method for issuing a title for a vehicle that guards against title washing, the method comprising:
receiving a request to perform a transaction from a user, wherein the transaction creates a global asset registry ledger (GRL) entry for the title of the vehicle;
instantiating a plurality of smart contracts that commit the transaction;
deploying the plurality of smart contracts by digitally signing the plurality of smart contracts with a cryptographic private key not assigned to the user in response to establishing a proof of claim to the vehicle;
invoking a service discovery that identifies availability of an on-line certified attesting peer nodes to attest to the transaction in accordance with proof of attestation policies associated with the vehicle;
executing the plurality of smart contracts on a title issuance authority blockchain network hosted by an issuance authority in response to the invoking of the service discovery, wherein the executing commits the transaction; and
issuing the title to the vehicle in response to the transaction being committed.
2. The method of claim 1 , wherein the transaction is to register the title of the vehicle for a first time.
3. The method of claim 1 , wherein the transaction is to transfer the title of the vehicle from another individual to the user.
4. The method of claim 1 , wherein the transaction is to transfer the title of the vehicle from the user to another individual.
5. The method of claim 1 , wherein the invoking includes the on-line certified attesting peer nodes verifying the transaction.
6. The method of claim 1 , wherein the on-line certified attesting peer nodes verify the transaction based on domain-specific knowledge that is not stored in the title issuance authority blockchain network.
7. The method of claim 1 , further comprising:
receiving a request to verify an authenticity of the title to the vehicle; and
authenticating the title of the vehicle in response to the request.
8. The method of claim 1 , further comprising:
receiving a request to determine an owner of the title to the vehicle;
querying the title issuance authority blockchain network to determine the owner of the title to the vehicle of the title to the vehicle; and
responding to the request with the owner of the vehicle determined by the querying.
9. A system for issuing a title for a vehicle that guards against title washing, the system comprising:
a memory;
a communication interface;
and one or more processors that are communicatively coupled to the memory and the communication interface, wherein the one or more processors are collectively configured to:
receiving a request to perform a transaction from a user, wherein the transaction creates a global asset registry ledger (GRL) entry for the title of the vehicle;
instantiate a plurality of smart contracts that commit the transaction;
deploy the plurality of smart contracts by digitally signing the plurality of smart contracts with a cryptographic private key not assigned to the user in response to establishing a proof of claim to the vehicle;
invoke a service discovery that identifies availability of an on-line certified attesting peer nodes to attest to the transaction in accordance with proof of attestation policies associated with the vehicle;
execute the plurality of smart contracts on a title issuance authority blockchain network hosted by an issuance authority in response to the service discovery invoked, wherein the executing commits the transaction; and
issue the title to the vehicle in response to the transaction being committed.
10. The system of claim 9 , wherein the transaction is to register the title of the vehicle for a first time.
11. The system of claim 9 , wherein the transaction is to transfer the title of the vehicle from another individual to the user.
12. The system of claim 9 , wherein the transaction is to transfer the title of the vehicle from the user to another individual.
13. The system of claim 9 , wherein the service discovery includes the on-line certified attesting peer nodes verifying the transaction.
14. The system of claim 9 , wherein the on-line certified attesting peer nodes verify the transaction based on domain-specific knowledge that is not stored in the title issuance authority blockchain network.
15. The system of claim 9 , wherein the one or more processors are further collectively configured to:
receive a request to verify an authenticity of the title to the vehicle; and
authenticate the title of the vehicle in response to the request.
16. The system of claim 9 , wherein the one or more processors are further collectively configured to:
receive a request to determine an owner of the title to the vehicle; and
query the title issuance authority blockchain network to determine the owner of the title to the vehicle of the title to the vehicle; and
respond to the request with the owner of the vehicle determined by the querying.
17. A non-transitory computer readable storage medium storing instructions for issuing a title for a vehicle that guards against title washing, the instructions when executed by one or more processors cause the one or more processors to collectively execute a method comprising:
receiving a request to perform a transaction from a user, wherein the transaction creates a global asset registry ledger (GRL) entry for the title of the vehicle;
instantiating a plurality of smart contracts that commit the transaction;
deploying the plurality of smart contracts by digitally signing the plurality of smart contracts with a cryptographic private key not assigned to the user in response to establishing a proof of claim to the vehicle;
invoking a service discovery that identifies availability of an on-line certified attesting peer nodes to attest to the transaction in accordance with proof of attestation policies associated with the vehicle;
executing the plurality of smart contracts on a title issuance authority blockchain network hosted by an issuance authority in response to the invoking of the service discovery, wherein the executing commits the transaction; and
issuing the title to the vehicle in response to the transaction being committed.
18. The non-transitory computer readable storage medium of claim 17 , wherein the transaction is to:
register the title of the vehicle for a first time,
transfer the title of the vehicle from another individual to the user, or
transfer the title of the vehicle from the user to another individual.
19. The non-transitory computer readable storage medium of claim 17 , wherein the method further comprises:
receiving a request to verify an authenticity of the title to the vehicle; and
authenticating the title of the vehicle in response to the request.
20. The non-transitory computer readable storage medium of claim 17 , wherein the method further comprises:
receiving a request to determine an owner of the title to the vehicle;
querying the title issuance authority blockchain network to determine the owner of the title to the vehicle of the title to the vehicle; and
responding to the request with the owner of the vehicle determined by the querying.