ABSTRACT
The need for safe, open, and effective asset management is growing as asset ownership rises in tandem with economic and technological development. Conventional asset storage techniques, like bank safes, paper records, and centralized databases, have several drawbacks, such as high expenses, security threats, and accessibility problems. This study investigates the viability of converting conventional assets into digital assets based on blockchain technology, specifically using Non-Fungible Tokens (NFTs) in a metaverse setting. The study assesses the benefits and drawbacks of blockchain-based asset storage using a mixed-method approach that consists of a literature review, and case studies. Legal recognition, data immutability, private key security, and user adoption in many regulatory environments are among the important issues discussed. According to the research, blockchain and NFT technologies present viable ways to improve transaction transparency, ownership verification, and asset security. Technical and legal issues, particularly those pertaining to interoperability and regulatory ambiguity, continue to be significant obstacles to widespread implementation, nonetheless. This study supports the incorporation of blockchain technology into actual asset management systems by offering empirical observations and useful suggestions.
Vu, Hoang Nam and Tran, Quoc Trung, Transforming Land Ownership Documents into Blockchain-Based NFTs for Secure Digital Management (March 31, 2025).
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