Modern colleges and universities have the characteristics of various teaching and research equipments, scattered equipment-deposited places and many managers, but the traditional asset management mode based on barcode is difficult to adapt to the needs of administration. In order to improve the efficiency of asset management, protect asset security and integrity and prevent asset loss, a solution in colleges and universities asset management based on IOT technology is presented. The detailed design of its software and hardware system is proposed. The results show that the efficiency of asset management can be improved.