Provenance Tracking

Definition ∞ Provenance Tracking refers to the ability to record and verify the complete history and origin of an asset, piece of data, or transaction. In blockchain systems, this means tracing an item’s journey from its creation through all subsequent transfers and modifications. The immutable and transparent nature of distributed ledgers makes them highly suitable for establishing a verifiable chain of custody. This capability is essential for authenticity, compliance, and supply chain transparency.
Context ∞ The need for reliable provenance tracking is growing across various industries, from luxury goods to pharmaceuticals, to combat counterfeiting and ensure ethical sourcing. Blockchain technology offers a robust solution by providing an unalterable record of asset movements. News reports frequently highlight pilot programs and successful implementations of blockchain-based provenance systems, indicating a future where supply chains are more transparent and verifiable.