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How BigchainDB is Good for Asset Registrations & Transfers
BigchainDB can store data of any kind (within reason), but it's designed to be particularly good for storing asset registrations and transfers:
- The fundamental thing that one submits to a BigchainDB federation to be checked and stored (if valid) is a transaction, and there are two kinds: creation transactions and transfer transactions.
- A creation transaction can be use to register any kind of indivisible asset, along with arbitrary metadata.
- An asset can have zero, one, or several owners.
- The owners of an asset can specify (crypto-)conditions which must be satisified by anyone wishing transfer the asset to new owners. For example, a condition might be that at least 3 of the 5 current owners must cryptographically sign a transfer transaction.
- BigchainDB verifies that the conditions have been satisified as part of checking the validity of transfer transactions. (Moreover, anyone can check that they were satisfied.)
- BigchainDB prevents double-spending of an asset.
- Validated transactions are strongly tamper-resistant; see the section about immutability / tamper-resistance.
You can read more about the details of BigchainDB transactions in the section on Transaction, Block and Vote Models (data models).