Now I expect to develop an ownership tracking service like Ascribe. I'm planning to develop it as following, however I am not sure whether my plan is correct. Therefore, please let me ask two questions.
- Whether the following plan is correct or not.
- Do I need to use bitcoind? Is is not enough to only use bitcoin-library(bitcoinjs-lib)?
My plan is following. 1. Provide a user address and private_key made by bitcoinjs-lib. 2. When the user upload an item, the item gets a specific ID. 3. When the user transfer the item to another, the user put the ID of the item into OP_RETURN area(40byte area) 4. Track the ownership of the item by tracking the specific ID.