folio-classify-asset

Classify an Asset Type with FOLIO

Classify an asset against the FOLIO ontology's asset_types taxonomy branch.

Workflow

Given a description of an asset, follow these steps:

1. Search for matches: Use folio:search_concepts with the asset name or description to find candidate asset types in FOLIO.

2. Browse the asset types taxonomy: Use folio:get_taxonomy_branch("asset_types") to see the 4 top-level categories:

   • Tangible Assets: Physical assets (real property, equipment, inventory)
   • Intangible Assets: Non-physical assets (IP, goodwill, licenses)
   • Financial Assets: Economic resources (securities, accounts, derivatives)
   • Estate: All possessions, property, and rights of a person or entity

3. Drill into the best category: Use folio:get_children(iri) on the most promising category to find the specific asset type.

4. Get full details: Use folio:get_concept(iri) on the best match to retrieve the complete definition, translations, identifiers, and cross-references.

Output Format

Return the classification as:

• FOLIO Label: The official FOLIO concept name
• FOLIO IRI: The concept's unique identifier (e.g., https://folio.openlegalstandard.org/...)
• Definition: The FOLIO definition of this asset type
• Parent Category: The top-level asset category
• Confidence: high / medium / low
• Reasoning: Brief explanation of why this classification was chosen

If the asset could fall under multiple categories (e.g., a patent is both an Intangible Asset and potentially a Financial Asset), note both classifications.