LedgerTechnical
Proveniq Ledger
The immutable source of truth for asset provenance
The Source of Truth
Proveniq Ledger is the immutable record system that establishes and maintains the chain of custody for every asset in the ecosystem. It answers the fundamental question: "What is the verified history of this item?"
Why Provenance Matters
| Stakeholder | Value of Provenance |
|---|---|
| Owners | Proof of authenticity increases resale value 20-40% |
| Insurers | Verified history reduces claim disputes by 60% |
| Lenders | Documented provenance enables higher LTV ratios |
| Buyers | Confidence in authenticity drives premium pricing |
Architecture
Immutability Model
Ledger uses a hybrid approach combining:
- Merkle Tree Structure — Cryptographic proof of data integrity
- Distributed Storage — Redundant copies across multiple regions
- Blockchain Anchoring — Periodic hash commits to public chains
┌─────────────────────────────────────────────────────────────┐
│ LEDGER ENTRY STRUCTURE │
├─────────────────────────────────────────────────────────────┤
│ Entry ID: uuid-v4 │
│ Asset ID: Reference to registered asset │
│ Event Type: VERIFY | TRANSFER | CLAIM | COLLATERAL │
│ Timestamp: ISO 8601 with microsecond precision │
│ Actor: Identity of party initiating event │
│ Evidence: Hash references to supporting data │
│ Signature: Cryptographic signature of entry │
│ Previous Hash: Link to prior entry in chain │
└─────────────────────────────────────────────────────────────┘
Event Types
| Event | Trigger | Data Captured |
|---|---|---|
| CREATION | Asset first registered | Initial photos, purchase docs, owner identity |
| VERIFICATION | Locker scan completed | Sensor data, images, measurements, authenticity score |
| TRANSFER | Ownership change | Previous owner, new owner, transfer method |
| CLAIM | Insurance claim filed | Claim details, supporting evidence, adjudication |
| COLLATERAL | Asset pledged for loan | Loan terms, lender identity, lien status |
| RELEASE | Collateral released | Loan payoff confirmation, lien removal |
| TAG_EVENT | SmartTag telemetry | Location, motion, tamper status |
Chain of Custody
Building the Chain
Every asset accumulates a verifiable history:
- Genesis — Item registered in Home app
- Verification — Hardware confirmation via Locker
- Monitoring — Continuous SmartTag telemetry
- Transactions — Sales, loans, claims recorded
- Audit — Third-party verification requests
Querying History
The Ledger API supports:
- Full Chain — Complete history from genesis to present
- Time Range — Events within specified dates
- Event Filter — Specific event types only
- Verification Proof — Cryptographic proof of specific entry
Integration with Ecosystem
Hardware → Ledger
- Locker verification results automatically recorded
- SmartTag events streamed in real-time
- Tamper detection triggers immediate entry
Ledger → Applications
- ClaimsIQ — Pulls provenance for claim validation
- Bids — Displays verified history to buyers
- Capital — Confirms collateral authenticity
Compliance & Legal
Legal Standing
Ledger entries are designed to be:
- Admissible as business records
- Compliant with e-signature laws
- Suitable for regulatory audits
Data Retention
- Active Assets — Indefinite retention
- Transferred Assets — 7-year minimum
- Regulatory Holds — Extended as required
Performance
| Metric | Specification |
|---|---|
| Write Latency | < 500ms |
| Read Latency | < 50ms |
| Throughput | 10,000 entries/second |
| Availability | 99.99% |
| Durability | 99.999999999% (11 nines) |