BLOCKCHAIN BASED BUSINESS MODEL FOR DIGITAL ASSETS MANAGEMENT IN TRUST LESS COLLABORATIVE ENVIRONMENT

With the advancements of digitalization, an organization can only survive by working in collaboration with other organization by sharing its digital assets. Due to lack of trust among the collaborative organization, the management of digital assets is challenging in today’s rapidly growing competitive world. Traditional approaches of digital asset management are based on centralized access control and do not suited well in collaborative environment. Collaborative environment does not allow any single organization to take full control over entire digital assets because of different trust level among the organizations. Further, these approaches suffer from single point of failure that cost very high to the businesses. These problems of centralized approach are the roots for the need of a decentralized approach for digital assets management. In this paper, we discussed the need of decentralized access control for digital assets management and reviewed how Blockchain based business model emerge as a good alternate for digital assets management in a trust less collaborative environment.