Note: For this proof-of-concept (PoC), information normally accessible only to licensed/authorized businesses (the parties’ real names and deal terms, serial numbers, original photos before masking, photo hashes, etc.) is shown here specifically to illustrate how the model works. Normally, AURAM manages data in two layers: a public ledger that anyone can verify on-chain, and a permissioned registry that keeps sensitive data confidential. The integrity of this confidential data is committed on-chain as the identification hash, so anyone can independently verify it against the on-chain values by following the Third-Party Verification Guide (in production, this data is subject to access control).

1. Identification

Information that uniquely identifies this gold ingot. The identificationHash computed from 5 elements (manufacturer, serial, weight stamp, purity, photo hash) is committed on-chain.

Representative photo (public masked version)
Representative photo (public masked version)
NFT Token ID
1
Manufacturer
AURAM Sample
Serial number (private)
••••••
Weight (g)
100
Purity
999.9
Photo hash
0xeb3dce379861b6bed3f8d3982983429412240f1b08436df2c8930967bbecc93d
Identification hash
0x265c448b5fd820b67066be209bc3bbb2b57e7877a37678c4caf941b45c7770b9

2. Ownership history

Ownership transfer is recorded in two stages: declaration of intent (cause) and transfer of possession (perfection). The declaration of intent is what causes the transfer, such as a sale (Article 176), whose terms hash (termsHash) is published on-chain. The transfer of possession is the subsequent stage (Article 184 / Article 178 perfection).

New Issuance

  1. New Issuance
    Original acquisition by issuance (the starting point of possession).
    Public On-chain raw data (verifiable by anyone, pseudonymous)
    (New issuance / mint)0xE00F...209A
    Status transition: Unpledged
    Permissioned Registry (PoC public, legal names / terms)
    New Issuance株式会社ハンズオン

Declaration of Intent (Cause)

Article 176 (will principle): ownership transfer takes effect by the parties' declaration of intent. The cause is published on-chain via termsHash.

  1. Sale

Transfer of Possession (Perfection)

Article 184: instruction → consent completes the transfer of possession (consent is the perfection point); Article 178 perfection is satisfied.

  1. Transfer of possession (perfection)Current possessor
    Article 184: instruction → consent completes the transfer of possession (consent is the perfection point); Article 178 perfection is satisfied.
    Public On-chain raw data (verifiable by anyone, pseudonymous)
    Status transition: Instructing TransferUnpledged
    Permissioned Registry (PoC public, legal names / terms)
    株式会社ハンズオン株式会社アウラム
    Sale price: ¥2,277,200 (incl. tax)

Raw data: full list of all Tx for this NFT (pre-annotation chain raw data)

All on-chain operations (Tx) against the AssetNFT contract. If the side-by-side annotation above is the post-annotation view, this is the pre-annotation raw data. Because Snowtrace's individual NFT page only shows ERC-721 Transfer events (mint and ownership transfers), all Tx including state changes such as setStatus can be checked from this list.

  1. 2026/06/25 11:29:34 JST
    NFT issuance (mint)Unpledged
  2. 2026/06/25 11:31:30 JST
    Declaration of intent recorded (sale agreement, Civil Code Art. 176)
  3. 2026/06/25 11:32:24 JST
    Seller's instruction issued (Civil Code Art. 184)OnSaleInstructing
  4. 2026/06/25 11:33:13 JST
    Buyer's consent / transfer completed (Civil Code Art. 184 = perfection point)InstructingUnpledged