A product for participating in a block chain system includes: a network interface configured to communicate, by using a first network, with participants of the block chain system to share block chain data, the block chain data including at least one of an ownership record block and an ownership registration block for the product; an output circuitry configured to output a notification signal; and a processor configured to determine, during a booting operation of the product, whether ownership of the product is registered in the block chain data through the network interface and to control the output circuitry to output a message requesting registration of an ownership of the product based on a determination that the ownership of the product is not registered in the block chain data.