BlockPAT: A Blockchain-Enabled Second-Hand Physical Asset Tokenization Management System

Jiaxuan Wu; Wei-Yang Chiu; Weizhi Meng; Brooke Elizabeth Lampe

doi:10.1109/ICDCS57875.2023.00135

BlockPAT: A Blockchain-Enabled Second-Hand Physical Asset Tokenization Management System

Jiaxuan Wu
, Wei-Yang Chiu
, Weizhi Meng
, Brooke Elizabeth Lampe

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

Abstract

In this work, we develop BlockPAT, a blockchain-enabled management system for the tokenization of second-hand physical assets, e.g., laptops. With this system, the information gap between buyers and sellers in the second-hand market will be eliminated, and with the help of a price oracle, the liquidity of the second-hand market can be greatly improved. Furthermore, our system is built upon the latest ZK-rollups solution; thus, the overall transaction cost and time delay will be limited to an affordable value.

Original language	English
Title of host publication	Proceedings of the 2023 IEEE 43rd International Conference on Distributed Computing Systems
Publisher	IEEE
Publication date	2023
Pages	1041-1042
ISBN (Print)	979-8-3503-3987-1
ISBN (Electronic)	979-8-3503-3986-4
DOIs	https://doi.org/10.1109/ICDCS57875.2023.00135
Publication status	Published - 2023
Event	2023 IEEE 43rd International Conference on Distributed Computing Systems - Hong Kong, Hong Kong Duration: 18 Jul 2023 → 21 Jul 2023

Conference

Conference	2023 IEEE 43rd International Conference on Distributed Computing Systems
Country/Territory	Hong Kong
City	Hong Kong
Period	18/07/2023 → 21/07/2023

Keywords

Asset Management
Blockchain Technology
Asset Tokenization
Second-hand Market
NFT

Access to Document

10.1109/ICDCS57875.2023.00135

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@inproceedings{22e751424349424b9d887a191a303ff4,

title = "BlockPAT: A Blockchain-Enabled Second-Hand Physical Asset Tokenization Management System",

abstract = "In this work, we develop BlockPAT, a blockchain-enabled management system for the tokenization of second-hand physical assets, e.g., laptops. With this system, the information gap between buyers and sellers in the second-hand market will be eliminated, and with the help of a price oracle, the liquidity of the second-hand market can be greatly improved. Furthermore, our system is built upon the latest ZK-rollups solution; thus, the overall transaction cost and time delay will be limited to an affordable value.",

keywords = "Asset Management, Blockchain Technology, Asset Tokenization, Second-hand Market, NFT",

author = "Jiaxuan Wu and Wei-Yang Chiu and Weizhi Meng and Lampe, \{Brooke Elizabeth\}",

year = "2023",

doi = "10.1109/ICDCS57875.2023.00135",

language = "English",

isbn = "979-8-3503-3987-1",

pages = "1041--1042",

booktitle = "Proceedings of the 2023 IEEE 43rd International Conference on Distributed Computing Systems",

publisher = "IEEE",

address = "United States",

note = "2023 IEEE 43rd International Conference on Distributed Computing Systems, ICDCS ; Conference date: 18-07-2023 Through 21-07-2023",

}

Wu, J, Chiu, W-Y, Meng, W & Lampe, BE 2023, BlockPAT: A Blockchain-Enabled Second-Hand Physical Asset Tokenization Management System. in Proceedings of the 2023 IEEE 43rd International Conference on Distributed Computing Systems. IEEE, pp. 1041-1042, 2023 IEEE 43rd International Conference on Distributed Computing Systems, Hong Kong, Hong Kong, 18/07/2023. https://doi.org/10.1109/ICDCS57875.2023.00135

BlockPAT: A Blockchain-Enabled Second-Hand Physical Asset Tokenization Management System. / Wu, Jiaxuan; Chiu, Wei-Yang; Meng, Weizhi et al.
Proceedings of the 2023 IEEE 43rd International Conference on Distributed Computing Systems. IEEE, 2023. p. 1041-1042.

Research output: Chapter in Book/Report/Conference proceeding › Article in proceedings › Research › peer-review

TY - GEN

T1 - BlockPAT: A Blockchain-Enabled Second-Hand Physical Asset Tokenization Management System

AU - Wu, Jiaxuan

AU - Chiu, Wei-Yang

AU - Meng, Weizhi

AU - Lampe, Brooke Elizabeth

PY - 2023

Y1 - 2023

N2 - In this work, we develop BlockPAT, a blockchain-enabled management system for the tokenization of second-hand physical assets, e.g., laptops. With this system, the information gap between buyers and sellers in the second-hand market will be eliminated, and with the help of a price oracle, the liquidity of the second-hand market can be greatly improved. Furthermore, our system is built upon the latest ZK-rollups solution; thus, the overall transaction cost and time delay will be limited to an affordable value.

AB - In this work, we develop BlockPAT, a blockchain-enabled management system for the tokenization of second-hand physical assets, e.g., laptops. With this system, the information gap between buyers and sellers in the second-hand market will be eliminated, and with the help of a price oracle, the liquidity of the second-hand market can be greatly improved. Furthermore, our system is built upon the latest ZK-rollups solution; thus, the overall transaction cost and time delay will be limited to an affordable value.

KW - Asset Management

KW - Blockchain Technology

KW - Asset Tokenization

KW - Second-hand Market

KW - NFT

U2 - 10.1109/ICDCS57875.2023.00135

DO - 10.1109/ICDCS57875.2023.00135

M3 - Article in proceedings

SN - 979-8-3503-3987-1

SP - 1041

EP - 1042

BT - Proceedings of the 2023 IEEE 43rd International Conference on Distributed Computing Systems

PB - IEEE

T2 - 2023 IEEE 43rd International Conference on Distributed Computing Systems

Y2 - 18 July 2023 through 21 July 2023

ER -

BlockPAT: A Blockchain-Enabled Second-Hand Physical Asset Tokenization Management System

Abstract

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Keywords

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