aug 31, 2016 - Blockchain Validated Asset Metadata (BVAM)

Description:

In this idea, Blockchain Validated Asset Metadata would provide a mechanism to define detailed information about a Counterparty asset. A hash of the information is stored in the bitcoin blockchain as proof that the metadata is validated by the issuer of the asset.

The enhanced asset info standard requires a static URL and a trusted data source. It cannot be used for serverless peer-to-peer sharing of asset metadata. The BVAM standard is more detailed, extensible and does not rely on a single central web server to host the asset metadata file.

BVAM provides optional identity validation to prove ownership of a token. The BVAM format is a superset of the enhanced asset info standard and maintains backwards compatibility.

Author: Devon Weller