@inproceedings{635819ec90e046fc92a3948dd412f19e,
title = "UniCon: Universal and scalable infrastructure for digital asset management",
abstract = "Non-Fungible Tokens (NFTs) leverage blockchain technology to certify and transfer ownership of digital assets to individuals. NFTs on the Ethereum blockchain have garnered significant attention recently, with a trading volume of over $2 billion in Q1 2021 only. At the same time, established NFT solutions have low flexibility, limited scalability, and high transaction fees. These deficiencies make them impractical to use at a larger scale to manage digital assets. We present UniCon, a universal and scalable infrastructure for digital asset management. The key idea of UniCon is to track asset ownership in a tracking blockchain while making minimal assumptions on the capabilities of this blockchain. UniCon enables the exchange of asset ownership in any digital currency, unlike current NFT platforms. We devise a system architecture and build a prototype of UniCon. We use a scalable distributed ledger that is highly suitable for the tracking of asset ownership. Our prototype enables a decentralized ecosystem to manage and trade assets. ",
keywords = "Blockchain, Content Management, Content Middleware, Non-fungible Tokens",
author = "Pablo Rodrigo and Johan Pouwelse and Vos, {Martijn De}",
year = "2021",
doi = "10.1145/3493426.3493823",
language = "English",
series = "DICG 2021 - Proceedings of the 2021 International Workshop on Distributed Infrastructure for Common Good",
publisher = "Association for Computing Machinery (ACM)",
pages = "5--10",
booktitle = "DICG 2021 - Proceedings of the 2021 International Workshop on Distributed Infrastructure for Common Good",
address = "United States",
note = "2021 International Workshop on Distributed Infrastructure for Common Good, DICG 2021 ; Conference date: 06-12-2021 Through 10-12-2021",
}