Digital Transformation with Digital Assets - Tokenisation and Management By Technology Driven Processes

Abstract

A fusion of definitions of assets provided by different economists reveals that an asset is a store of value, owned by an individual, a firm, Or a government entity. Such assets can generate more values or be converted into another form of asset that also can fetch value from market, e. g., inventory of raw materials. The new value so created can be measured in tangible and/or subjectively judged in intangible terms. Some definitions also cover a group of assets which can jointly generate values like a manufacturing plant. In accounting parlance such a combination is known as a cash generating unit (CGU). It is easy to appreciate those assets which yield values that are measurable in tangible terms, e. g., the sale value of a product of nay nature produced by one or a group of machines. An example of a physical asset yielding intangible benefits could be a laptop computer used by a person for day-to-day work, the output of which may not be possible to be measured in terms of money in most situations. Even a thermometer for measuring human body temperature can also be considered as an asset, albeit of a smaller tangible value for selling. However, the benefit it renders by its ability to read temperature that helps a doctor to diagnose ailment and decide about the course of treatment cannot be measured.