Abstract: A method of managing ownership data of at least one product is disclosed. The method includes a centralized server receiving at least one ownership-related request relating to the at least one product, creating at least one ownership record corresponding to the at least one ownership related request on the centralized server, and sending a request to a distributed ledger network to store a datum associated with the at least one ownership record on the distributed ledger network. A system including the centralized server in data communication with the distributed ledger network is also disclosed.

Abstract: A method of managing ownership data of a product including an electronic tag is disclosed. The method includes obtaining from the electronic tag a tag-specific identifier, a signature that is generated based on the tag-specific identifier, and a product-specific datum. The method also includes comparing the signature and the product-specific datum with corresponding expected signature and product-specific datum for the product. The method further includes associating the product with a user in an ownership record if the obtained signature and product-specific datum match the expected signature and product-specific datum respectively. A system that is operable to execute the method is also disclosed.