Skip to main content

digital asset

Digital asset is an information resource derivative of the right to a value and circulating in the distributed ledger in the form of a unique identifier.
The term takes into account the essential semantic features of the phenomenon under consideration and is characterized by four components: economic, legal, information, value.

1. Economic component’s significance in the financial field is represented by a unique identifier.

2. Legal component is represented in the legal field by a derivative of the right. A digital asset is not the right to a value in its interpretation, but it has attributes of a derivative of the right to a value.
3. Information component is represented in the IT field by an information resource circulating in the distributed ledger. A digital asset is an information resource in the sense that the information on a value presented in a digital form has such main properties of an information resource as:

a) information is structured according to certain parameters and categories;

b) information is recorded on a digital medium;

c) information can be stored, transmitted, exchanged, used, etc. In addition, a digital asset in our understanding has an additional property – information on a value is formed by the owner of this value.
4. Value component is represented in the field of tangible and intangible assets by the “value” component. Digital asset is a kind of a guaranteed right to claim a certain value inherent in this digital asset.
In other words, a digital asset serves as a digital display of value.
mugGet the digital asset mug.

Digital asset

Digital asset is an information resource derivative of the right to a value and circulating in the distributed ledger in the form of a unique identifier.

The term takes into account the essential semantic features of the phenomenon and is characterized by four components: economic, legal, information, value.

1. Economic component in the context of the definition of the term “digital asset”. This component’s significance in the financial field is represented by a unique identifier.

2. Legal component is represented in the legal field by a derivative of the right. A digital asset is not the right to a value in its interpretation, but it has attributes of a derivative of the right to a value.
3. Information component is represented in the IT field by an information resource circulating in the distributed ledger. A digital asset has such main properties of an information resource as:

a) information is structured according to certain parameters and categories;

b) information is recorded on a digital medium;

c) information can be stored, transmitted, exchanged, used, etc. In addition, a digital asset in our understanding has an additional property – information on a value is formed by the owner of this value.
4. Value component is represented in the field of tangible and intangible assets. Digital asset is a kind of a guaranteed right to claim a certain value inherent in this digital asset. In other words, a digital asset serves as a digital display of value.
With the emergence of the distributed ledger technology, whose structure guarantees safe information storage and the possibility of asset verification, the digital asset obtained a unique property.
mugGet the Digital asset mug.

Digital asset

Digital asset is an information resource derivative of the right to a value and circulating in the distributed ledger in the form of a unique identifier.

The term takes into account the essential semantic features of the phenomenon under consideration and is characterized by four components: economic, legal, information, value.

1. Economic component is represented by a unique identifier.

2. Legal component is represented in the legal field by a derivative of the right. A digital asset is not the right to a value in its interpretation, but it has attributes of a derivative of the right to a value.
3. Information component is represented in the IT field by an information resource circulating in the distributed ledger. Information on a value presented in a digital form has such main properties of an information resource as:

a) information is structured according to certain parameters and categories;

b) information is recorded on a digital medium;

c) information can be stored, transmitted, exchanged, used, etc. In addition, a digital asset in our understanding has an additional property – information on a value is formed by the owner of this value.
4. Value component is represented in the field of tangible and intangible assets by the “value” component. Digital asset is a kind of a guaranteed right to claim a certain value inherent in this digital asset. In other words, a digital asset serves as a digital display of value.
Therefore, a digital asset is a set of digital (binary) data that are autonomous, uniquely identifiable and have a certain value.
mugGet the Digital asset mug.

Disposing of an asset

When the continuation of depreciating a long term tangible asset at a diminishing value becomes unprofitable or purposeless, so the company decides to dispose of the asset at a stipulated cost which is below book value resulting in a loss which is then offsetted against the companies profits. A transaction of this nature is usually made when the asset becomes dormant and ineffective, even though it may well still be in the beginning of its life expectancy. The disposing of as asset is also written off the Balance Sheet as a long term investment and making way for a more effective and valuable long term asset.

If there is capital to be made on disposing of an asset, then both parties agree to a value where under the table cash transactions are made (off the books) and a much lower value is agreed upon (on the books) which is then recorded as a loss and offsetted against the companies net profit.
Rupert Murdoch: "I got rid of Alex!" James sighed, "I thought he was an asset, turns out he was nothing but a liability"
Alan Bond: "What do you mean you got rid of him, hope you didn't kill him"
Rupert Murdoch: "Nah, there's no gain from killing him, I sold him to the opposition and i made a profit"
Alan Bond: "Ahhhh, now I can see how Wendi Deng has asianized you"
Rupert Murdoch: "What do you mean by that?"
Alan Bond: "Nothing!, you know hoe Asians are carnivorous when it comes to money, it looks like it's rubbing off on you"
Rupert Murdoch: " Yep, learn Alan, disposing of an asset requires a lot of foot work if you know what I mean".
by A=L+P January 19, 2018
mugGet the Disposing of an asset mug.

Asseter

A fucking whore who can’t do anything , they tend to feed on cocaine
Jane : ew it’s a asseter
by Kwekjifhiglierfgirfegofjerg.78 December 24, 2019
mugGet the Asseter mug.

Asset

Money but in houses
I have money in assets aka money but in houses!
by JLPMS5 October 19, 2020
mugGet the Asset mug.

Asset

Oh wow yeah, totally... Women are a TOTAL asset. They clean up your house for you? That helps a lot. That OR! OR they let you fuck them on camera and then THAT helps EVEN MORE. Because THEN I have 200 million dollars and I'll just be doing the thing I WOULD HAVE BEEN DOING ANYWAY. It's like being a pro gamer! Or a streamer! Or a podcaster.
Fatcock "Wait... You mean I can cut out the middle-man and get paid to TALK about fucking all of the women? Shit bro, sign me up. You see, I got this mindset dawg... And it's like... Bro... You gotta get some assests. Right? And you can't SPELL asset without 'ass'? Right? You see. I got this way of talking to em, right? I thought it up with my thinky thoughts, bro."

Hym 😒 "Oh? Yeah? Do you talk to them AS THOUGH... you ALREADY KNOW... YOU... Are GOING to fuck them?"

Fatcock "Uh-er, Wha-"

Hym "Like you KNOW they are going to do the thing that they ARE GOING TO DO... and there aren't any REAL, LASTING consequences to your interaction (negative or positive) because when I say 'THEY are going to fuck you' I don't mean 'THEY' at an individual level but 'THEY' as an abstraction and in aggregate. Like, YOU KNOW you're going to fuck 'them'."

Fatcock "Yeah, buuuuuut 😌☝️ I deserve it... Cus of the mindset. And then I make a bunch of sluts.... But, wait, my FRESH SLUT... SHE doesn't COUNT as a slut. Right? So you gotta respect her becuase she's the good one and, um, I'm also the good one."

Hym 🤨 "Because of the mindset?" 🤨
by Hym Iam March 27, 2023
mugGet the Asset mug.

Share this definition

Sign in to vote

We'll email you a link to sign in instantly.

Or

Check your email

We sent a link to

Open your email