- How does blockchain enable digital provenance ?
The Blockchain make possible to keep a record of every transaction from day one. The transactions are on the blockchain and they are impossible to change, like something you carve on a rock. - Why doesn’t a normal database bring the same provenance?
Because the traditionals databases are not decentralized, they can be corrupt by any entity that have acess to the databse. - Why is digital provenance such a great benefit to many businesses?
Because you remove the notion of trust, the database is public , it’s totally transparent.
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How does blockchain enable digital provenance ?
Blockchains are designed to be an immutable ledger. This allows each and every transaction to be verified, traceable and secure in nature. -
Why doesn’t a normal database bring the same provenance?
Traditional databases are centralized and can be corrupted by bad actors and human error. In contrast a blockchain exists amongst a network of computers and inherently provides a system of checks and balances. -
Why is digital provenance such a great benefit to many businesses?
Businesses that have traditionally relied on trust and good faith can now verify and trace transactions and their supply chain.
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Blockchain enable digital provenance because it saves data about every transaction ever made. And nothing can be erased. Also because the ledger is saved in many other nodes in the net, so if an addition is made somewhere, it is compared to other ledgers to verify whether it is legit.
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A normal database doesn’t bring the same provenance because it is changable. Things can be erased and things can be added to the ledger.
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Digital provenance is a great benefit to many businesses because it makes it possible to know wherefrom the materials used in their manufacturing comes, who produced it, the ethics applied within the production etc.
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- Decentalization and immutability of data
- Because it is not decentralized
- Trustlessness
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- Digital provenance is created by having a network of computers that validate transactions, nothing can be removed, and everything is verified with math, like a stone.
- Because it is not centralized and there is a lot of trust involved in every operation, which is difficult to trace and document properly.
- Because it makes everything traceable and immutable, thus everyone can easily control every step to the final product without needing trust.
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Blockchain removes “Trust” from normal transactions. Removing trust is the first step to verify if a type of transaction or label is even accurate or not.
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Because they rely on “Trust” from a third party that shouldn’t be trusted in the first place with providing information.
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Because it will provide the market with more accurate information that people can rely on and will further benefit future transactions.
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The descentralized network enables to remove the intermediaries and to trace - by validation - in real time, any aspect of the supply chain - for an example -. To digital finance, it’s possible to trace all the transactions at any time, because nothing can be removed from blockchain.
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Because everything it’s much more bureaucratic, and not digital. You have tons of papers, usually a central planner, a government, a regulator or you simply have to trust in what companies said to you. It’s not a transparent and optimal process.
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Because allows a real time audit of everything… it’s totally disruptive a real game changing in tracking data and finding the source of things, monitor the path and so on…
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- How does blockchain enable digital provenance?
Blockchain is decentralised and trust-less. This means there isn’t any central authority that can change recorded data.
- Why doesn’t a normal database bring the same provenance?
Normal databases are centralised. Anyone with access can change the data stored.
- Why is digital provenance such a great benefit to many businesses?
It helps to achieve customer satisfaction since the public nature of blockchain allows anyone (including customers) to verify that they’re actually getting what they paid for. It also brings transparency between two parties that exchange goods/services.
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Using blockchain for provenance makes it more transparent as it is fully verified and it is easy to track the entire process of origin and how the things are getting made
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As we are currently experiencing the normal data base which is also controlled by a authority and by the normal data base there is no transparency we cannot know how they are done and it is centralised
and it is a very trust less process -
By using digital provenance there is full transparency and we can verify anything by ourselves and a lot of satisfaction for customers and the trust get bigger for the business
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- How does blockchain enable digital provenance?
It enables by tracking and verifying the transactions not trust. - Why doesn’t a normal database bring the same provenance?
Normal database cannot be tracked easily because transaction can also be deleted or changed. - Why is digital provenance such a great benefit to many businesses?
Transactions can easily be tracked, easy to understand where the money when too. The same technology is used to build consumer Provenance around product manufacturing .
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Homework on Provenance - Questions
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How does blockchain enable digital provenance?
Blockchain is transparent so that anyone can verify transactions and decentralized so that entries cannot be changed once added to the blockchain. -
Why doesn’t a normal database bring the same provenance?
It is maintained by a central authority that would be able to manipulate information in the database as well as change information that was previously added. -
Why is digital provenance such a great benefit to many businesses?
It allows the business to be transparent and verifiable without needing to be trusted. Very beneficial for large companies that have previously been without trust as well as startup companies that don’t yet have a history.
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1.How does blockchain enable digital provenance?
Blockchain saves all information in a public ledger, verifiable by anyone. It cannot be modified or deleted, and by being public the information can be tracked and audited.
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Why doesn’t a normal database bring the same provenance?
A normal database is centralized so it allows for the information to be updated, deleted, corrupted, biased, subject to human error or manipulation, etc -
Why is digital provenance such a great benefit to many businesses?
Digital provenance removes the need to trust the other party, all information is verifiable, so you can make business with anybody, anywhere.
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How does blockchain enable digital provenance?
Blockchain enables digital provenance by being decentralized (so accessible to everyone at anytime, anywhere) and by enabling the ability to add information within each transactions. In addition, no remove option is possible, it prevents the tampering of data. -
Why doesn’t a normal database bring the same provenance?
A normal database is centralized, thus accessible from a single point and not by everyone. Data can be manipulated, thus tampered as well. -
Why is digital provenance such a great benefit to many businesses?
Digital provenance ensures that we can interact with other third parties with no need of trust. Thanks to blockchain, the verification is made for replace the need to trust between actors.
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- How does blockchain enable digital provenance?
By using mathematical methods to create a global chain of data that cannot be faked, and that provide public verifiable way to check order of events along time. - Why doesn’t a normal database bring the same provenance?
Not able to provide this kind of mathematical proof of truthiness. Not being public to everyone, and not being able to be that reliable on the order of events. - Why is digital provenance such a great benefit to many businesses?
They can keep track of the order of events publicly, verifying everything in a mathematical way.
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- How does blockchain enable digital provenance?
- blockchain verifies all the transaction and go away from trust as a result enables digital provenance.
- Why doesn’t a normal database bring the same provenance?
- normal database is under control of the government or other institutions and can be modified.
- Why is digital provenance such a great benefit to many businesses?
- businesses don’t need anymore rely on trust and words, digital provenance provides verification that are based on actual transaction and facts.
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- Blockchain enables digital provenance because it can be accessed by anybody, including the public, and allows for audits to be done in real time. Also information uploaded to blockchain cannot be removed or changed.
- A normal database would not work because they are mostly controlled by a central authority that has access to the information found in these databases and have the ability to tamper with it if need be. Also most of these normal database have restricted access to public.
- Digital provenance is a great benefit to businesses because because it allows the public to be able to trace products/services to origin and see proof that the products are what they say they are. It also great for businesses when it comes to audits because it would make them faster and a lot smoother.
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through the public ledger and there being no way no erase data it insures complete transparency and accurate transactional records.
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because it does not work on the same system of a public data base that works like words on a stone, things can only be added not removed. without these factors there is not the same level of provenance. also having many verifiers means that it is ensured to always work and not fail.
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digital provenance enables there to be trust-less transactions and deals. With the blockchain verifying and setting in stone what has happened there is total transparency. this could mean real time auditing is possible for things like taxes etc.
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- it allows you to track all transactions through the blockchain
- Because they run on trust not verification.
- Because of the record keeping and tracking. they would not have to rely on trust anymore. could track everything up to the source.
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“Things” recorded onto the blockchain can only be added to, and not removed, meaning we can just look and verify that anything added a) came from one source or starting point, and that it hasn’t been tampered with or changed, parts of it deleted or changed in other ways, (e.g. financial transaction times, amounts, etc ) without failing verification from on a decentralized network of computers.
I assume a normal database isn’t usually shared publicly, or if it is, any individual can change that database, without necessarily having to share that update with other holders of the same database. So there isn’t 1 single version, that is constantly being updated in real time such as the blockchain, but rather different versions of the database that may cause discrepancies and mismatches of data, purposefully or even accidentally.
Leading to the third question, stakeholders can see exactly what is happening and what activities are taking place, instead of having to ‘trust’ the word of someone else. Makes transactions transparent, e.g. where, when, and what is being done. ‘good faith’ can be removed, and authenticity can be verified by the transaction itself.
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- How does blockchain enable digital provenance?
Blockchain enables digital provenance by creating permanent and unchangeable public records.
- Why doesn’t a normal database bring the same provenance?
Traditional CRUD databases are subject to a single point of failure if not mirrored properly, a plethora of attack methodologies and broad attack surface, require maintenance and optimization, are subject to data anomalies, rely on relations and so much more. All of these qualities are the antithesis of provenance.
- Why is digital provenance such a great benefit to many businesses?
Digital provenance allows for an immediate audit trail. As Ivan mentioned, that feature alone has the potential to disrupt entire industries. From supply chain management to financial transactions, many businesses may find provenance beneficial. I happen to believe that once adapted on a large scale, the primary beneficiaries will be consumers. It seems to me that there are many industries that will push back on the very concept of digital provenance.
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