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).

BigchainDB Integration with Other Blockchains

BigchainDB works with the Interledger protocol, enabling the transfer of assets between BigchainDB and other blockchains, ledgers, and payment systems.

We’re actively exploring ways that BigchainDB can be used with other blockchains and platforms.