UniCon: Universal and scalable infrastructure for digital asset management

Pablo Rodrigo, Johan Pouwelse, Martijn De Vos

Research output: Chapter in Book/Conference proceedings/Edited volumeConference contributionScientificpeer-review

7 Citations (Scopus)
262 Downloads (Pure)

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.

Original languageEnglish
Title of host publicationDICG 2021 - Proceedings of the 2021 International Workshop on Distributed Infrastructure for Common Good
PublisherAssociation for Computing Machinery (ACM)
Pages5-10
Number of pages6
ISBN (Electronic)978-1-4503-9169-6
DOIs
Publication statusPublished - 2021
Event2021 International Workshop on Distributed Infrastructure for Common Good, DICG 2021 - Virtual, Online, Canada
Duration: 6 Dec 202110 Dec 2021

Publication series

NameDICG 2021 - Proceedings of the 2021 International Workshop on Distributed Infrastructure for Common Good

Conference

Conference2021 International Workshop on Distributed Infrastructure for Common Good, DICG 2021
Country/TerritoryCanada
CityVirtual, Online
Period6/12/2110/12/21

Keywords

  • Blockchain
  • Content Management
  • Content Middleware
  • Non-fungible Tokens

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