Homework on Provenance - Questions

  1. It enables digital provenance by having an immutable decentralized, public ledger of all transactions available for review or auditing.
  2. A normal database doesn’t bring the same provenance because it is centralized, meaning that trusting a third party who can edit and delete entries is required. It also works as a ledger which provides real time audit.
  3. This is a great benefit to many businesses because it allows for traceablility and information storage of assets which can be easily retrieved 24/7. This is beneficial as it creates a more reliable and transparent experience between all members of society.
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  1. Blockchain tracks data as a ledger. Data can’t be removed or altered. Using blockchain, data can be traced.
  2. There is not the same degree of trust. Databases are not immutable and are opaque. Blockchain allows all participants to verify information in the blockchain.
  3. It allows businesses to throw away trust in favor of verification. A supply chain can now be transparent enough to be tracked. For example, blockchain can help track down E.coli outbreaks in lettuce.
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  1. Blockchain enables digital provenance by allowing for traceability and trustlessness. You don’t need to rely on trusting someone and can just go and verify its validity yourself in the blockchain.
  2. A normal database doesn’t bring the same provenance because it is centralized and does not allow for any person to check and see if what is said is actually being done.
    3.Digital provenance is a great benefit to businesses as it will give transparency to its customers and will allow for transactions and accounting information to be available in one piece of data within the blockchain.

I hope this is right :grimacing:

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Digital provenance is enabled through blockchain technology via a publicly viewable and immutable ledger.
A normal database you need to trust the owner of that database.
Digital provenance can benefit business through trust less interactions involving accounting, verifying and validating claims, saving time with real time auditing.

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  1. In blockchain all entered data are visible and cannot be removed (immutable). If the blockhain is public, in this case everybody can track easily the entries.

  2. Of course it depends on the business, but most “traditional” databases are not accessible for everyone (also can be true for blockchain). In a normal database the entries can be removed/manipulated. Moreover these “normal” databases are centralized, thus if anything happens with the central server/database storage site, the whole database can be lost/become useless, etc.

  3. The entire database on a blockhain becomes trustless (every info can be found on the blockchain, no manipulation and remove is possible) and all entries are easily trackable, moreover the exact entry date and time can also be monitored (time stamp). In short: real-time auditing and trustlessness :slight_smile:

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1)blockchain is transparent so everyone can check the transactions that had been made , it’s also irreversible and nobody can change or delete an element from this database.
2)normal databasesc lack decentralization and rely on trust or auditing , also normal databases may not store all the information from the begining in the same place, while blockchain can show up every copy-holder the whole history of the operations done .
3)nowadays who is trusted builds a reputation and after reputation builds them in return , blockchain based companies will have a huge advantage in earning trust which will benefit everybody .

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  1. How does blockchain enable digital provenance?
    Blockchain is a digital database storing all the transaction that is verified to the public. The information is safe from getting damage, changed or deleted. This allow one to be able to track the information in real time.
  2. Why doesn’t a normal database bring the same provenance?
    Because the normal database is centralized and most of the time it is closed to the public. So, the traditional information can be changed or deleted by human.
  3. Why is digital provenance such a great benefit to many businesses?
    Digital provenance via blockchain provides the secure information on sensitive information. The owner of business may replace some tradition processes with the blockchain to reduce the cost, to increase the efficiency and to get more confidential.
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  1. A centralised network or data ledger collates data tracks financial transactions with capable tracing and inputs trustlessness
  2. Normal databases expensive, lack of traceability, less efficient, allowing verifiable without the middle man
  3. Blockchain security a unique tracking accounting and transaction layer enveloping trust decentralised and immutable seeing the transactions as being transparent
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  1. Well, being like a digital stone and also public, blockchain allows everyone to check on its data. By the fact that its data are unable to delete or change, one can be sure about all previous points and therefore being track backed, being absolutely trustless on concept.

  2. The point is that on a normal database one can add, delete and change data. So it is absolutely mutable, with blockchain it is only possible to add, there is no way to delete or change data. That’s why.

  3. Providing digital provenance, blockchain can offer huge benefits to business. Companies are now able to prove their customers about veracity of their goods, can now prove about fair fabric conditions and so many others… Vechain are supporting this changing!!

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  1. BLOCKCHAIN ENABLE DIGITAL PROVENANCE BY PROVIDING A SECURE NETWORK OF COMPUTERS WHO RUN A DATABASE WHERE YOU CAN INLY ADD AND NOT REMOVE (transactions), AND ALL OF THIS IN A DIGITAL PUBLIC LEDGER
    OR AN OPEN SOURSE TECHNOLOGY

  2. IN A NORMAL DATABASE IN DIFFERENZE WITH BLOCKCHAIN, ALL DATA ( even sensitive data ) TRANSACTION AND MORE , CAN BE MODIFIED COPIED .
    IN MOST OF CASES FOR AUDITING THEY ARE CLOSED AFTER A BIG FAT WALL OF BUROCRATIC THINGS TO DO

  3. FOR BUSINESS PROVENANCE IS VERY CRUCIAL POINT BECAUSE BLOCKCHAIN CAN UNIT THE ACCOUNTING LAYER AND THE TRANSACTION LAYER IN ONE ONLY REAL TIME AUDITING SOLUTION , THAT ALLOWS SUPLY PART AND DEMAND PART WORKING TOGETHER IN A TRUST LESS ECOSYSTEM

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  1. Blockchain enables digital provenance by recording every transaction which is auditable even if encrypted.

  2. It is only possible to add information to the blockchain database and impossible to remove information from the Blockchain.

  3. The phrase “Don’t trust - Verify!” is a milestone achievement that Blockchain technology has gifted and is now adoptable and adaptable to any business that chooses to take advantage of math over word.

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Hello
Homework on Provenance - Answers:

  1. Blockchain uses public ledger and only addition of transaction records which cannot be altered. The transactions in the block can be back-tracked using the ledger and hence, provides digital provenance
  2. The normal database administration is confined to limited number of authorized personnel like admins which are vulnerable to modification and hence, trace back may not be reliable with altered records.
  3. Accounting and Auditing available in one layer, traceability without corruption of records
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Hi @Jedi, @Sam_Avey, @ziyada, @kerpicik, @Sittiwong, @Earthkeeper, @KristianCrypto and @YoDefi! :smiley: Welcome to the forum! :smiley:

Don’t worry :wink: your answers are ok, keep up the good work! :slight_smile:

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  1. Blockchain enables provenance by making all transactions on the network immutable. Meaning it cannot be changed or modified. Like it’s written in stone.

  2. With a normal database you would need to trust the database owner to not change or modify its contents without permission. Being centralised opens the door for hacking or unauthorised amendments.

  3. It removes the need for trust. Being an open blockchain allows for easy auditing and verification.

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  1. Blockchain transactions are traceable and cannot be removed. This creates transparency and trust less transactions which can be easily verfied and audited.
  2. Normal databases can be altered or crashed losing data. They also are centralized so data can be corrupted or removed by the central authority, making them far less transparent.
    3.Business would benefit from the transparency of the blockchain and it’s real time transaction ability. It also removes the need to trust as everything can be tracked.
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  1. By giving real time auditing

  2. a normal database is corruptible block chain data cannot be removed hence it cannot be corrupted by removing and changing the data.

  3. It creates a trust-less platform giving verification rather than trust.

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Hi @Bacon, @LoriB and @mariop777! :smiley: Good answers! Welcome to the forum! :smiley:

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  • How does blockchain enable digital provenance?
    Every transaction is recorded in distributed databases and these transactions can never be deleted. Also there is complete transparency of all the transactions.
  • Why doesn’t a normal database bring the same provenance?
    A normal database is centralized and potentially subject to manipulation and corruption. There is no transparency to the data in the database so you just have to trust that the data is correct without ever being sure.
  • Why is digital provenance such a great benefit to many businesses?
    For any business that is dependent on a supply chain it brings complete transparency as to the chain of command for all materials involved in the supply chain. Also the nature of the blockchain is that it is self-auditing.
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  1. It allows you to track crypto and other things without having to meet the person or trust anyone
  2. normal database makes you have to trust someone.
    3.because they can track transactions and where things arrive ect.
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How does blockchain enable digital provenance?

Blockchain allows you to VERIFY for yourself and not have to TRUST.

Why doesn’t a normal database bring the same provenance?

Normal database, transactions can be removed/altered, is centralised and is not a public ledger, cannot verify transactions or see supply chain for yourself.

Why is digital provenance such a great benefit to many businesses?

Businesses can verify the quality of product and see supply chain from start to finish.

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