This era of Digitalization with rapidly growing technologies have impacted the world in a great way and the business world has its own race of evolving in it. Assets are the key elements of every organization and keeping a track of them is very important. Any manipulation in the assets can damage the organization to its roots and tracking them manually is very impractical. Usually, asset transferring involves a manufacturer, vendor, contractor and consumer. The previously used method for asset tracking is by collecting the data from the IoT device attached to the Asset but there can be a chance of data tampering. We came up with a smart asset tracking system using IoT and Blockchain that keeps a record of them from creation to deletion. For IoT integration, we have taken the support of the IBM Watson IoT platform and node-red to handle the process of device scanning as the asset is being tr  a local Node.js application that gets notified whenever a scan happens and invokes transaction.