Abstract

This article discusses the use of “digital objects” to represent “value” in the network environment. Deeds of trust, mortgages, bills of lading and digital cash can all be represented as digital objects. The notion of “transferable records” structured as digital objects is introduced, along with references to its application in real financial situations. Even in a formal information system, anonymity reflects the desire of a holder of value to remain incognito, except as he or she wishes to be made known. The use of unique, persistent identifiers and a resolution mechanism to fashion such a capability for anonymity and transferability is presented.

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