Verifiable Provenance

Definition ∞ Verifiable provenance refers to the ability to indisputably trace the origin, history, and ownership of an asset or data point through its entire lifecycle. In the context of blockchain, this is achieved by recording immutable, timestamped entries on a distributed ledger. This record provides an unalterable audit trail.
Context ∞ Verifiable provenance is a significant application of blockchain technology across various industries, including supply chain, luxury goods, and digital art. News often highlights projects that use distributed ledgers to track products from source to consumer or to confirm the authenticity of digital collectibles. This capability enhances transparency and trust in asset histories.