Mavryk Word of the Week: Provenance
The complete, permanent record of everything that ever happened to an asset. Like a car with every service, owner, and repair logged since it left the factory. 🔍
How it works:
- Issuance is recorded onchain
- Every subsequent transfer is appended
- Records are timestamped and cannot be edited or deleted
- Full history is public and verifiable by anyone
Why it matters:
In private markets, title and ownership history are the expensive part. Weeks of diligence, lawyers, registries. Onchain, that history is the asset's default state. Diligence measured in seconds instead of billable hours.