BlockPAT: A Blockchain-Enabled Second-Hand Physical Asset Tokenization Management System

In this work, we develop BlockPAT, a blockchain-enabled management system for the tokenization of second-hand physical assets, e.g., laptops. With this system, the information gap between buyers and sellers in the second-hand market will be eliminated, and with the help of a price oracle, the liquidity of the second-hand market can be greatly improved. Furthermore, our system is built upon the latest ZK-rollups solution; thus, the overall transaction cost and time delay will be limited to an affordable value.