Homework on Provenance - Questions

  1. It is transparent and you can check everything

  2. You cannot change the data on Blockchain

  3. Because they can track the transactions.

1 Like
  1. Blockchain enables digital provenance by creating an immutable ledger but only if it is decentralized (a centralized blockchain can easily be manipulated) and has a large enough network to make a 51% attack impractical (if POW algorithm).
  2. A normal database (like SQL) can easily be modified by anyone with admin credentials (including hackers).
  3. It is a great benefit to business because it makes triple entry accounting possible which makes instantaneous audits possible.
2 Likes
  1. blockchain enables digital provenance though series of recordable events that can only be added to, and never subtracted from a transaction creating a verifiable history of all origins and transactions within the chain of a single item.

  2. a normal database does not bring this same provenance because it has too many variables with in it. it rely’s on a central authority government or overseer which now requires a certain amount of physical and intellectual trust. it can be susceptible to manipulation and therefore there is no finite or absolute.

3.Digital provenance is a great benefit to many businesses because the Trust factor has been removed from the system, or rather the guessing is removed. there are only absolute Verifiable records of a certain item or product recorded in the chain and since nothing can be subtracted,The origin and its absolute history is irrefutable.

1 Like
  1. By having a publicly available ledger of all transactions.

  2. Because things/data can only be added and not removed. The exact same copy is stored by every node (computer) on the network. And is publicly available to anyone at any time.

  3. It removes trust as a factor in any scenario. It empowers you. By empowering you to verify what you need to. In addition. Digital store requires less physical storage space if space is a concern.

1 Like
  1. How does blockchain enable digital provenance?
    The lesson described putting items on the blockchain like etching in stone. Architecture of a provenance is collected as an intact immutable record on the ledger.
  2. Why doesn’t a normal database bring the same provenance?
    From beginning to end, information or ingredients cannot be audited for validity or delivery without delay and loss. Normal databases maintain individual checks and hold information private. The data or product can be altered, contaminated or counterfeited.
  3. Why is digital provenance such a great benefit to many businesses?
    Businesses will perform more efficiently. They will save time and money. Seamless transactions are more possible from concept to finalization. Assurance via blockchain can be confirmed from start to finish. Any infarction throughout the process can be identified quicker than using a normal database. Corruption will be easier to identify. Blockchain development will help enable a level playing field.
1 Like

Hi @GiaLOP, @Myc, @Shanna06, @cryptobahama and @blockchainuser! :smiley: Its great to see a lot of new people in just a few hours while I’m away :stuck_out_tongue: Welcome to the forum!

3 Likes

Hahahaa!! Thanks dude. good to be here

1 Like

How does blockchain enable digital provenance?
The deecentralised nature of blockchain means the ledger can only be added to , and not taken away. This means the history of the ledger cannot be changed and is available to everyone who has access.

Why doesn’t a normal database bring the same provenance?
A normal database has administrators so does not inherently contain the same safeguards, and is open to manipulation by individuals.

Why is digital provenance such a great benefit to many businesses?
It provide a verifiable chain of suppliers/ingredients/processes or whatever other use cases there are.

1 Like
  1. All transactions are logged on an open decentralized ledger, providing transparency.

  2. Normal databases can be altered and or deleted. Dependent upon “trust”.

  3. Provides real time consistent auditing in a trustless environment, removing the the need for human interaction.

1 Like
  1. Blockchain enables digital provenance by having a decentralized construct that can be tracked every transaction of the way. This allows for a verifiable, trustless, account of all transactions that can only be added on and not modified or removed.
  2. A normal databases foundation is centralized therefore in control by one party or person. This allows them the control to adjust and modify how they see fit. Users of said database then have to rely on trust with the centralized authority therefore not providing the same verifiable provenance like blockchains digital provenance.
  3. The benefit of digital provenance is that it provides users with a complete ledger of all transactions and creates complete transparency. Additionally it allows businesses to complete audits real-time digitally which would encourage more honest and ethical business practices.
1 Like

1- Like a digital stone, blockchain only allows addition of information but nothing can ever be removed.

2- Auditing can be done instantly; potentially bad news for all our CPA friends. Major paradigm shifts are ahead.

3- There is no need for trust… everything can easily be verified.

1 Like
  1. By creating a track record which is transparent, verified database which cannot be manipulated by any party, making it trust less in consensus with the other ledgers.

  2. As it is not on the blockchain it can be manipulated by the people in control, not everyone plays by the same rules so to speak.

  3. It removes a lot of hassle for everybody and as such creates value, a trustless basis creating verified information.

1 Like
  1. Blockchain is trustless as transactions are visible on a public ledger and this information is “set in stone” and cannot be altered.
  2. A normal database is centralized and can be altered. The data is not “set in stone” as with blockchain.
  3. With digital provenance, businesses do not need to rely solely on the trust of a company (as Ivan mentions many food companies don’t even know the ingredients in the products they are buying),digital provenance ensures that the source is authentic as in the use case for supply chain.
1 Like
  1. Because blockchain is trustless and does not require a 3rd party to provide trust.
  2. A normal database is centralized and trust comes from the provider and the administrator of the database.
  3. Digital provenance is security and transparency of data, which can be validated every time.
1 Like

Hi @SporadicAdult, @A.Martin and @neolyze! :smiley: Welcome to the forum! :stuck_out_tongue:

2 Likes
  1. How does blockchain enable digital provenance?
    It tracks transaction and stores the data, data can not be removed once stored on the blockchain. Its also on the public ledger which makes transactions transparent.

  2. Why doesn’t a normal database bring the same provenance?
    Because data can be manipulated or changed and data can not always be trusted.

  3. Why is digital provenance such a great benefit to many businesses?
    Customers want transparency and trust. With blockchain they have a way to verify data and and trust the data.

1 Like
  1. Creating a decentralised “database” which cannot be forged or modified. Trustless “ledger” of transactions or movements which everyone can verify.

  2. A normal database would be centralised or managed by one entity, so this “Entity” must be trusted that it will behave and manage the database in the best interest of the other users/clients. Humans have many defects, so this “unique” entity in charged could have a different interest and modify the database.

  3. Provides verificable information from all sides and multiple sources. This would removed the “blind” trust in entities that intervine thoughtout the processes that we don’t know even exist.

1 Like
  1. Data provenance is a historical record for any piece of data & blockchain is a public ledger that stores data by preventing against data manipulation by making it transparent, secured & highly accurate.
  2. normal Database being a centralized ledger, which is potentially insecure & data duplication , modification is possible.
  3. any business use provenance data, can track & improve the quality control & auditing throughout their supply chains. the provenance data is always available & secured.
1 Like

Hi @Lombard.crypto! :smiley: Welcome to the forum!

1 Like
  1. The immutable nature of Blockchain lends itself to record keeping in the form of a public or private ledger, thus enabling state tracking across points of significance within an entity’s life cycle.

  2. The centralized nature of a normal database leaves it vulnerable to outside attack or inside manipulation.

  3. Digital provenance replaces trust with tracking as a primary mode of doing business, having supply chain applications, increasing efficiency with real-time data and real-time audits, tracking state/status, and encouraging best practices by documenting their use.

1 Like