Blockchain technology will enable the protection and transmission of ownership rights through 3 key technologic features. Original documents are not stored on the blockchain, only a cryptographic digest, assuring full confidentiality.
If someone stores a document (its cryptographic digest) on the blockchain, and later re-uploads it, the system can verify if it is completely and fully the same document. Parties can verify the entire transaction history of an asset.
Provide proof that certain data exists at a certain point of time, i.e. a time-stamped proof of existence of documents. Additionally provide proof of ownership of data or documents such as land titles.
Proof of identity
Blockchain technology will provide a reliable economic identity for millions of people, which in is a condition for holding to property rights and participating in the global economy.