Patent ID: 7860797

Claim:
A method for documentation of an ownership or title of a good and also the conveyance of same comprising: providing the good with a radio-frequency storage tag having an overwritable electronic storage medium accessible by a first pair of digital keys, wherein the first pair of digital keys includes a first digital key stored on the storage medium and a second digital key enabling a first owner or proprietor read and write access to the storage medium; and enabling the storage medium to document a change of ownership or title of the good from the first owner or proprietor to a second owner or proprietor by the second owner or proprietor providing the first owner or proprietor a first digital key of a second pair of digital keys, and the first owner or proprietor completes the transfer of title or ownership of the good by using the first owner or proprietor's second digital key to overwrite the first owner or proprietor's first digital key saved on the storage medium with the first digital key of the second pair of digital keys to enable the second owner or proprietor to further change ownership or title to a subsequent owner by obtaining read and write access to the storage by using a second digital key of the second pair of digital keys; and enabling locking and deactivation of the storage medium to further reading and writing by any subsequent owner or proprietor of the good using a second digital key from a pair of keys to overwrite a previous owner or proprietor's first digital key on the storage medium with a locking digital key that locks and prevents the storage medium from permitting further reading or writing by a subsequent owner while deactivated; wherein the locking digital key is the first digital key of an individual pair of keys of a third party that includes a second digital key permitting the third party to unlock and reactivate the storage medium.