The system and method of the present invention provide a data communication between unique ID (UID) registration center and electronic (or other) products, and the product's data management. The UID is previously assigned and integrated or embedded to the product, where the UID of each product is registered with one or more particular UID registration centers over at least one communication network. Each UID is operable to securely store and selectively provide access to predefine location in the product and corresponds to data file at the UID registration center, with data file being inclusive of information related to the product purchase history, current ownership, etc., and wherein one or more authorized parties may subsequently advantageously utilize at least one UID to access, verify, edit, transfer, transmit, and/or otherwise manage at least one information item, including ownership right related to one or more corresponding registered products in the UID registration center.