A system for identifying an article and whether there is an ownership of the article, the system comprising: at least one article comprising a first tagging device embedded in the at least one article and a second tagging device embedded in or attached to the at least one article, at least one reading device configured to read at least one of the first tagging device and the second tagging device, a central data processing device comprising a storage device with a central database stored thereon and a first transmitting/receiving device, and a second transmitting/receiving device associated with the at least one reading device and configured to transmit data to and receive data from the at least one reading device and the first transmitting/receiving device, charac terized in that the central database at least comprises: at least one virtual identity (virtual ID), the at least one virtual ID comprising an owner profile, a public key, an identification master (IDmaster) code, an identification slave (IDslave) code and information regarding the article, the owner profile comprising information regarding an ownership of the article, wherein the IDmaster code and the IDslave code are generated by the central data processing device, wherein the first tagging device comprises a first data set stored thereon, the first data set comprising at least: the information regarding the at least one article, the public key, a first tag identification and the identification master (IDmaster) code, the first tagging device being locked in a read-only mode, wherein the second tagging device comprises a second data set stored thereon, the second data set comprising at least a second tag identification and the IDslave code, the second tagging device being locked in a read-only mode, and wherein the IDmaster code and the IDslave code are paired and locked to one another by the central data processing device in a process initiated by an owner of both the virtual ID and the at least one article and linking the ownership of the at least one article to the IDmaster code and the IDslave code. at least one article comprising a first tagging device embedded in the at least one article and a second tagging device embedded in or attached to the at least one article, at least one reading device configured to read at least one of the first tagging device and the second tagging device, a central data processing device comprising a storage device with a central database stored thereon and a first transmitting/receiving device, and a second transmitting/receiving device associated with the at least one reading device and configured to transmit data to and receive data from the at least one reading device and the first transmitting/receiving device, charac terized in that the central database at least comprises: at least one virtual identity (virtual ID), the at least one virtual ID comprising an owner profile, a public key, an identification master (IDmaster) code, an identification slave (IDslave) code and information regarding the article, the owner profile comprising information regarding an ownership of the article, wherein the IDmaster code and the IDslave code are generated by the central data processing device, wherein the first tagging device comprises a first data set stored thereon, the first data set comprising at least: the information regarding the at least one article, the public key, a first tag identification and the identification master (IDmaster) code, the first tagging device being locked in a read-only mode, wherein the second tagging device comprises a second data set stored thereon, the second data set comprising at least a second tag identification and the IDslave code, the second tagging device being locked in a read-only mode, and wherein the IDmaster code and the IDslave code are paired and locked to one another by the central data processing device in a process initiated by an owner of both the virtual ID and the at least one article and linking the ownership of the at least one article to the IDmaster code and the IDslave code.