- Blockchain is a Public Ledger where Everyone can See or Verify Transactions. On this Public Ledger noone can remove Transactions, this is where we get Digital Provenance. We also remove Trust, because we verify.
- Because you cant track the data as in the Blockchain, and especialy you can remove data or reverse transactions.
- Its Great for Blockchain and Crypto, but also very usefull in the Audit Space. With this Technology you can apply realtime Auditing. Or track supplychains for example in the food industrie to Track the Food Supply Chain.
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- Blockchain provides an irreversible ledger of events. (A tablet of stone) You can add but not delete.
- Anybody with permission (or hacks) can change the information inside traditional databases.
- The benefit is the lack of trust needed for transactions. “It is what it is” as they say and is beyond question.
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- Because data are on blockchain and it cant be manipulated so it have his provenance.
- It can be manipulated in some way
- You do not need xyz institutions to verify data. Average Joe can check it.
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Blockchain enable digital provenance by utilizing a distributed ledger that removes the need for trust in systems, since the ledger can only be added to and not removed from (digital runestone property). Because of this, users of the technology can be sure that nobody has changed information in the database, and that the information is correct.
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A normal database does not bring the same provenance because it can be changed and information can be removed from it. This property makes a normal database a trusted system, in comparison to the trustlessness in blockchain.
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Digital provenance is a great benefit to many businesses because it removes trust from systems and replaces it with mathematical verification. In all systems that require certain levels of trust to function, the trust factor is very costly. Let us use normal business contracts as an example. When people do business they sign contracts with each other, and have to trust that the other part will fulfill their obligation of the deal made. If the other part does not fulfill their obligations, the first part will have to hire expensive lawyers.
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How does blockchain enable digital provenance?
- The distributed ledger keeps track of the full history of trx
- Items cannot be removed from the ledger
- Malignant trx r effectively blocked
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Why doesn’t a normal database bring the same provenance?
- Items can be removed n duplicated, unlike in blockchain
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Why is digital provenance such a great benefit to many businesses?
- It removes the need for trust among transacting parties
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Blockchain enables provenance with an public and incorruptible ledger of all transactions.
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Because normal databases generally are not decentralized, and can be modified by an admin without peer review or scientific basis.
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Because it enables businesses to self-audit themselves accurately, without the need of hiring expensive third-party audit firms, such as PWC or EY.
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- It seems to enable trustless, systematic and verifiable provenance of changes done beyond the initial state using a distributed ledger which requires consensus by a decentralized body.
- Because of the ability to manipulate data without consensus.
- Transparency of actions taken to reach final state.
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How does blockchain enable digital provenance?
You can trace financial transactions. You can do an audit in real time; an accountant does not physically see the books to track financial transactions. The financial process will be much more efficient than currently. The financial layer and the accounting layer can be put together; currently those layers are separate
Why doesn’t a normal database bring the same provenance?
You can track were different ingredients come from if you are tracking food ingredients in a particular food product. With provenance you do not have to trust that the ingredients on the label are correct. As with the food example, the same go for a financial transaction; you will be able to see all facets of the financial transaction. The same goes for clothes…you will be able the track what went into the clothes, where the ingredients of the garment came from and also things like knowing if the manufacture is using child labor
Why is digital provenance such a great benefit to many businesses?
With provenance, you are able to trace things and removing trust. one would be achieving one of the most important things…“trustlessness”. You can verify everything. Don’t trust/Verify. This is done with math.
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- It is a public ledger
- It can be tracked and audited in real time and open yet still encrypted
- Real time instant auditing. Businesses typically pay significant money to auditing companies so it can save time and money. Trustless supply chains.
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It is using a network of private computers that are verifying all the elements of any transaction in a any given time allowing to get to the very first record in the public ledger.
- With blockchain, all transaction can be traced in real time. Hence, enable digital provenance.
- Normal database allow edit and delete of transaction , hence the validity of the data is questionable (Trust issue).
- Digital Provenance is beneficial because it makes tracking and tracing seamless, able to verify info /data in real time. Beneficial for finance audit, daily expenses tracking, logistics, food origin tracing, etc.
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All information is recorded and cannot be erased.
A normal database can be altered either because it can be edited or subject to failure. Blockchain only permits to add.
Digital database permits complete tracability . Thus the element of trust is replaced by the capacity to verify at all times the information ( real time auditing)
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I agree with your answers! But the second one doesn’t exactly answer why traditional databases can’t achieve that in the same respect? 
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Why can’t a traditional database do the same?
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Thanks 
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- Blockchain is secure, transparent and immutable. Information can be entered and tracked and no central authority can either change, edit or amend the data.
- A normal database can be controlled by a centralized authority. Any person, or company that has access to this data could potentially change, or amend it which means we can only rely on trust that the information given is correct.
- Digital provenance enables a trustless method of verifying given data. Suppliers using Blockchain as digital provenance can prove to their Customers the authenticity of their product including its origin, quality, workforce and ingredients or manufacturing product make-up.
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hello,
first off, just for clarification, i am not terribly familiar with current enterprise level database sollutions, but have been involved in the past with web based databases, SQL,… so take it with a grain of salt.
from my somewhat limited experience of working in the field it is usually hard to construct a viable database where you can only add new “reasonable” data. if the data entered is non-valid, it can mess up the structure, make new additions impossible, completely destroy data… in short the database has to be constantly checking itself for errors and re-do previous accepted states. this is from my experience time and storage intensive, especially if all changes are also logged. automating this and the constant need for hash checking… nightmare. the instance where this would work as a non-centralized entity, without possibility of a root/admin to ‘correct’ invalid data, is certainly possible, but would probably require some major overhauls of existing database solutions.
so question, are there any enterprise databases that work like that, with advanced logging, decentralized, but NOT using blockchain? if so, can someone point me to one? and why would that be better than one using a blockchain approach?
re,
BoB
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Auditing purposes, trust
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- Blockchain enables digital provenance through tracking all transactions. Data can only be added, but not removed from, blockchain, unlike the traditional database. The decentralized nature of blockchain provides a tracing mechanism for all transactions
- In a normal database, data can be altered or deleted.
- Digital provenance is beneficial because it allows real time auditing of information, also tracing of the supply chain becomes faster and easier to verify.
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