SummaryA distributed ledger technology (DLT)-based digital collection is a unique digital certificate registered on a private DLT system. It is utilized to denote ownership[*] of assets such as artworks or collectibles. A DLT-based digital collection service system primarily includes three key stakeholders: a digital collection user, a digital collection asset provider, and a digital collection service platform operating the private DLT system. This system facilitates a range of activities related to digital collections, encompassing issuance, transfer, acquisitions and exchange. In the DLT-based digital collection service system, the stakeholders differ in each process, resulting in the creation and demand for various types of data. Each process introduces security risks with severe implications, including financial loss, reputational harm, market instability and exposure of personal information. To counter these risks, Recommendation ITU-T X.1418 identifies potential security threats encountered during various activities related to digital collections and specifies security requirements and controls to mitigate them. |
[*] Term “ownership” in this Recommendation differs from “ownership” in terms of IPRs and does not correspond to it from WIPO’s (World Intellectual Property Organization) point of view. Digital right management is outside of the scope of this Recommendation.