SYSTEM AND METHOD FOR POPULATING A DATABASE WITH A SET OF INFORMATION RELATED TO AN ITEM OWNED BY A FIRST OWNER THAT IS TRANSFERRED TO A SECOND OWNER

摘要

A method of populating a database with identifying information related to ownership transfer of a first item, includes using a processor of a computing system to associate an interactive item card with the first item, populate the interactive item card with information identifying unique authentication indicia of the first item and a first owner of the first item, and store the populated interactive item card information in the database, presenting a subset of the information from the interactive item card to at least one potential second owner and enabling the at least one potential second owner to request a transfer of ownership of the first item, responsive to the request for a transfer of ownership of the first item, using the processor of the computing system to verify an authenticity of the first item, transmitting a result of the verification to the potential second owner, wherein an ownership transfer is approved or disapproved by the potential second owner based on the result and, if the ownership transfer is approved, designating, with the processor of the computing system, the approving potential second owner as a second owner, updating, with the processor of the computing system, the interactive item card with information identifying the second owner, populating, with the processor of the computing system, the database with the updated information of the interactive item card, and recording an indication of the updated information of the interactive item card in a block chain.