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Proof-of-provenance (PoP)

Proof-of-provenance (PoP)

Protocol for tracking the movement of tokenized physical assets such as gold.

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Dawson Sewell
Dawson Sewell edited on 1 Sep, 2020
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Blockchain
Dawson Sewell
Dawson Sewell edited on 1 Sep, 2020
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Daniel Frumkin"Added to article to surpass 1000 characters"
Daniel Frumkin edited on 14 Oct, 2019
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The proof of where something previously came from helps assure buyers of the validity of an object, piece of monetary value, etc... Recording and validating asset details such as previous ownership and location over its lifetime is the goal with proof of provenance. Blockchains are capable of maintaining these details and can use proof of provenance to benefit manufacturers, customers, and regulations to assure that parts or whole assets are quality assets.

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Daniel Frumkin"Created page"
Daniel Frumkin edited on 10 Feb, 2019
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Proof-of-provenance (PoP)

Protocol for tracking the movement of tokenized physical assets such as gold.

Article

Proof-of-provenance is a protocol developed by Digix to track the movement of physical assets (gold in the case of DGX) through the change of hands, from the bullion supplier to the custodial vault in a transparent and cryptographically secure manner.

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PoP addresses the issue of proving the existence of the physical asset, the authenticity of its ownership and the security of its storage in the custodial vault. It does this by verifying transactions on the blockchain and uploading real world documentations onto IPFS and the blockchain.

Further reading

Title
Author
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Type

D​igix’s Whitepaper: The Gold Standard in Crypto­Assets

Anthony C. Eufemio, Kai C. Chng, & Shaun Djie

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Daniel Frumkin created this topic on 10 Feb, 2019
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 Proof-of-provenance (PoP)

Protocol for tracking the movement of tokenized physical assets such as gold.

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