Abstract: An asset tagging and monitoring system includes a smart device having a camera, a GPS, and a touch screen display; a server to communicate with the smart device to receive and store data; a tagging platform accessible from the smart device and to communicate with the camera, the mobile platform provides activating the camera to provide a visual representation of an area on the touch screen display; receiving user input to designate a first asset present within the area; creating a virtual asset tag associated with the first asset, the virtual asset tag having data associated therewith; assigning a position to the virtual asset tag, the position determined via the smart device; and creating an augmented display from the camera, the augmented display having a virtual asset tags displayed thereon, each of the virtual asset tags being associated with a tangible or intangible asset.

Abstract: A method and system of tracking ownership of an asset includes virtually tagging an asset through a smart device, wherein the virtual tagging assigns a unique identifier to the asset; receiving a first verification of ownership by receiving an identifying information of a first user; assigning the first verification of ownership to the virtual tag, thereby creating a log of ownership; receiving a second verification of ownership by receiving an identifying information of a second user; and assigning the second verification of ownership to the virtual tag, thereby adding to the log of ownership. Further, the method and system provides for a virtual notary system.