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How does blockchain enable digital provenance?
Blockchain enables digital provenance by a decentralized network of public ledger where data can only be added. Thus by it’s very nature it prevents any other kind of data manipulation. -
Why doesn’t a normal database bring the same provenance?
Normal databases are usually centralized, meaning they are owned/governed/heavily dependent on a single or concetrated group of entities. The owner of the database are accountable for any kind of change in it. The owner has to be “trusted” to handle the contents and database itself in correct manner. Blockchain eliminates this need of “trust” by being public and decentralized. -
Why is digital provenance such a great benefit to many businesses?
It is making everything more safe and efficient, eliminates the need of “trust”, creates more transparency and traceablity. Actually everyone benefits from it, except the obsolete third parties and the unethical elements.
I think this doesn’t matter in the sense of transferring value and information. Most payments are already digital and don’t require a physical link (for example game assets). Where this does become important is when you start dealing with physical goods. This is also called the oracle problem and is indeed a huge issue blockchain technology will have to solve in the future. But this is a problem with other chains that deal with other stuff, not just by transferring value like Bitcoin.
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By being a trustless, decentralised, public ledger which is immutable, set in stone !
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A normal database can be edited and is not public by default making it centralised and not trustless.
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Digital provenance is a great benefit for business providing trust in the supply chains by its nature and real time auditing all making a company more efficient.
I finally made it and its great to begin, thank you. 
Provenance:
How does blockchain enable digital provenance?
Public ledger anyone can verify.
Why doesn’t a normal database bring the same provenance?
Its Centralised so it can be corrupted.
Why is digital provenance such a great benefit to many businesses?
Everything can be done Trustlessness, Its more efficient and accountable
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Blockchain can enable digital provenance by making it possible to track and audit in realtime. It also removes the layer that we call trust within a supply-chain = trustlessness. It allows us to track and verify in realtime to empower us with transparency, and where that specific data was collected at that particular point once recorded in the database.
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The differences between a traditional database and provenance are that you can add and delete data in the traditional database. On the contrary, provenance recorded in realtime data can not be removed but added and tracked to its source.
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Digital provenance will create transparency, traceability to track down the ingredient down to the origin of its source. Businesses are trusted in the long run. The public has access and transparency. Moreover, it will help to fight corruption by providing a tool that tracks and traces in realtime, so data cannot be removed, once recorded.
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Every transaction in the blockchain once is written can’t be erased or edited. It is a public ledger and every transaction can be traced back.
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Normal database is control by a centralized authority. Data can always be edited.
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Data that you get are more transparent and accurate. you can verify data easily
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How does blockchain enable digital provenance?
a) Once the transaction is done it can’t be removed/erased an become an open ledger tx (trustless) -
Why doesn’t a normal database bring the same provenance?
a) Provenance only exist in a decentralized database. On the other hand, centralized databases, the entries can be manipulated and/or changed by the owners/administrators. -
Why is digital provenance such a great benefit for too many businesses?
a) They can benefit in various ways such as removing third parties and no need to audit and/or verify tx’s proving that they don’t (or have) issues.
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The blockchain enables digital provenance through a trustless database which is open, immutable and can be publicly accessed to verify information even to the point of auditing in almost real time. By having no one central authority it is maths and logic protocols that is running this blockchain data base.
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A normal datebase can not achieve this because information can be removed or tampered with and we cannot be sure that we can even gain access. We would need to use trust but this is unreliable compared to actually being able to gain access and verify data.
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Digital provenance is a great benefit to many businesses because tracking and tracing of transactions intergrates auditing and operations into the same layer. This real time auditing and the ability to verify data in transactions and supply chains is very fast, cheap, and accurate.
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How does blockchain enable digital provenance?
By giving the ability to track and audit transactions and it’s information in real time. -
Why doesn’t a normal database bring the same provenance?
A normal database is centralized by nature and can be manipulated. -
Why is digital provenance such a great benefit to many businesses?
It removes the need to have to trust that the transactions that occurred are legitimate by way of digital verification.
- How does blockchain enable digital provenance?
By using a public ledger where existing data cannot be deleted by anyone and can be verified by everyone. - Why doesn’t a normal database bring the same provenance?
Legacy databases are centralized and rely on trust - therefore they may potentially contain wrong information. - Why is digital provenance such a great benefit to many businesses?
Because every business process on a decentralized blockchain can be verified by any of the involved players.
- It’s decentralized data base allows real time auditing and trustlessness
- A normal data base can be controlled by a company/person and have data removed
- Blockchain takes the trust from suppliers out of the equation allowing them to verify things like ingredients or where clothes are made and much more.
Since per my modest opinion the main issue is that traditional database require an operator (a human) or another word some sort intermediary. Also, a traditional database is more prone to a human error, even if it based on some sort of simple programming. Finally, you are vesting some sort of trust into the programs and/or operators that either have set up the database or have to maintain it to achieve data integrity or accuracy. Again, all these are not needed when you are dealing with blockchain technology since it is using an algorithm or protocol that is designed in such a way that made the process totally “trustless” (meaning that the idea of trusting/verifying the information is totally eliminated from the process). You will get a bit more understanding about the major programming/encryption principles down the road when you start looking ad different generations of a blockchain (e.g. SHA 256 and Solidity, for instance).
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Blockchain allows every computer(ledger) on the network to be automatically synchronized with each other. This network can be made public or private, but either way it enables digital provenance by allowing its users to view it’s entire history (I.E. Financial transactions, invoices, logs), add to it, but never change or delete any of it. This system relies on humans being educated on blockchain and correctly inputting data, as errors can still be made along the way, but these errors will be transparent and far less frequent and severe.
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In a normal database, Company A would have sole access and ownership of its data. In the case of a 3rd party audit, an outside entity would need to look through a centralized system that could have been changed. At the same time, an auditor would need to check the data and paperwork of every entity that Company A has dealt with, on the receiving end, to verify data that could be incomplete, subject to error or deletion, or forged. There is no way to guarantee that every ledger has the same data in a system where everyone uses normal databases.
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The fact that you can combine the accounting layer, with the transaction layer will be a great benefit to businesses. Because auditing can be done real time, it negates the need for a 3rd party auditor, and the synchronized self verification process will increase efficiency. It allows Company A through Z, as well as the public, to have access to the same data, removing trust. And because you would potentially have information on every item, every step of the way through the supply chain, you also have a guarantee, that was not possible in the old way, and adds a layer of true accountability.
[quote=“ivan, post:1, topic:8423, full:true”]
Homework on Provenance - Questions
- How does blockchain enable digital provenance?
By decentralizing the authority, this will be done with a network of different ledgers that verify the transactions, like payments or what products that are used in to a product. - Why doesn’t a normal database bring the same provenance?
Because it is not decentralized, things can’t be ereased like in a normal database. - Why is digital provenance such a great benefit to many businesses?
Because there is a possibility for users/ buyers to audit the product that they use.
Homework: Provenance
- Blockchain enables digital provenance by verifying all transactions from all parties using the network.
- Normal databases are generally stored on central servers or by a single authority. This central authority methodology is generally not transparent and creates an issue of trust among the network participants.
- Digital provenance is a great benefit to businesses because it streamlines efficiencies and eradicates the necessity for 3rd party auditors. Also, a benefit to customers and the relationship business have with customers by creating trust between the two parties. I know my taxes are being put to good use because i can see the value being sent to whom from who. Creates automatic accountability.
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How does blockchain enable digital provenance?
R: Blockchain enable digital provenance by enabling public and real time auditing and also tracking every record back to the origins. -
Why doesn’t a normal database bring the same provenance?
R: Normal databases doesn’t bring the same provenance because is more vulnerable and anyone can delete from the database, also auditing such a database can be difficult but with a decentralised database anyone can check the records in real time. -
Why is digital provenance such a great benefit to many businesses?
R: Digital provenance can help businesses to easily track things and with this removing trust. Businesses can increase confidence in the origin of the products.
- How does blockchain enable digital provenance?
A. Information can only be written to, not deleted from, the blockchain. All information is verified before being added. Since it is immutable it has a transaction history, or ledger, of every transaction that has ever been made.
- Why doesn’t a normal database bring the same provenance?
A. Any information can be written to, changed, or deleted from a normal database. It is dependent on trust, instead of verification, by multiple parties.
- Why is digital provenance such a great benefit to many businesses?
A. It is trustless. It does not allow for manipulation, only verification. It allows for real time audits to be made. This increases the transparency as well as makes it more efficient.