Blockchain Technology and Applications
Provenance refers to the history of ownership and the origin of an item, particularly in relation to how it has been transferred and verified over time. In the context of emerging markets and social impact, provenance is crucial as it ensures transparency and trust in transactions, especially for goods that have ethical or sustainable origins. By leveraging blockchain technology, provenance can be accurately recorded, providing a verifiable trail that enhances accountability for products and services in developing regions.
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