Distributed Data Records

A computer-readable medium having instructions stored thereon, when executed by a processor, cause the processor to create and validate a digital record that represents an asset, the creating and validating comprising:

• obtaining a first private key and a first public key that corresponds to a creator of the digital record;
• generating one or more parameters for the digital record, wherein a first parameter of the parameters is related to transactions of the digital record;
• generating one or more rules for the digital record, wherein a first rule of the rules corresponds to the first parameter and constrains the transactions;
• using the first private key, computing a first digital signature of all of the first public key, the parameters and the rules;
• and
• creating a first digital record comprising the first public key, the parameters, the rules and the first digital signature.