Homework on Provenance - Questions

Blockchain and Bitcoin 101
#2584
  1. Digital provenance is enabled by the action of tracing financial and other types of transactions that become transparent from beginning to end within the blockchain network.
  2. A normal database can have information with input and output, but is not visible, nor tracked by a computer network keeping track to check for validity.
  3. Digital provenance allows for verification of every aspect of a transaction i.e. the step by step preparation of a product, tracing every step and stop from manufacturer to supplier to the buyer/customer.
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#2585
  1. How does blockchain enable digital provenance?
    All data/transactions recorded on blockchain CANNOT be ever removed or erased. We can only add new data to blockchain
2. Why doesn’t a normal database bring the same provenance?

In traditional database we can remove, change or erase any data, which makes it impossible to track properly.

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

It enables real-time auditing and tracking any other information, such as: food ingredients and their supply chains.

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#2586

  1. Through being open to use by everyone and making the information stored in it publicly available, verifiable in real time and irremovable.

  2. In a normal database information can be tempered with or removed by the authority in charge of it. Blockchain being a decentralized system has no one authority - the input information is agreed upon by a network of computers and cannot be removed afterwards.

  3. Because it allows to substitute the need for trust with a tool for trustless verification, tracking and auditing. This makes it easier i.a. to ensure the quality and origin of the products and removes the necessity to stake your reputation on it.

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#2587
  • How does blockchain enable digital provenance?
    [Andy] It can do so because the data cannot be removed and modified on a blockchain.
  • Why doesn’t a normal database bring the same provenance?
    [Andy] A normal database is centralized and can be easily manipulated by high power entities or governments.
  • Why is digital provenance such a great benefit to many businesses?
    [Andy] Remove middle-man and all the cost in between.
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#2588

1- Blockchain enables digital provenance by keeping track of all transactions on a public ledger where no transaction can be deleted, allowing to find the record of any operation without requiring trust in any of the contributors

2- A normal database is private, centralized and controlled by one entity. The entries and records can be altered or deleted by any user with the appropriate access rights.

3- Digital provenance can guarantee that a product entire supply chain meets the requirements of a business without having to trust any of the intermediates

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#2589

How does blockchain enable digital provenance?
Its a transparant decentralized database that can not be altered by fault play and can be audited realtime

Why doesn’t a normal database bring the same provenance?
Normal database is not transparant
Normal database can be adjusted data can be removed
Normal databese does not have the decentralized

Why is digital provenance such a great benefit to many businesses?
Because its removes the trust part and everything in the supplychain inluding your suppliers
can be tracked an audited realtime.

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#2590
  1. Blockchain is like a digital stone; information can not be removed therefore it is much more transparent and public. If implemented, we will be able to track government spending and see where our tax money goes. We will also see more transparency with supply chains for the ingredients in our food and in the clothing industry to see if anything was ever in a child-labor factory and this goes for many other industries as well.
  2. A normal database is not as transparent and has much more room for error and the ability to falsify information. We can not see where all of our ingredients come from or what exactly is in them. It is centralized and can be manipulated.
  3. Digital provenance is beneficial to so many businesses because of the value and efficiency this technology brings to the processes. It allows for verification in place of trust and that is exactly what blockchain is aiming for.
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#2591
  1. We are about to digitalize everything and the only save place is the blockchain! It is the only solution.
  2. Since you can delete and edit old entries, rendering them unusable and hacking a database and stealing the data, a Distributed ledger like XRP is a pretty good solution. XRP is not a real Blockchain in my opinion.
  3. You can track everything, if the goverments would finaly starting using it, taxes could get paid automaticly, debt could even be a problem that can be solved with blockchain and smart contracts, tasks and remote work could get tracket perfect…there are thousands of good solutions, like supplychain, medical data chains only the keys are written in the blockchain, no more fake wine, fashion because of rfd and blockchain…I could go forever.
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#2592

  1. By tracking financial and all transactions. For example a peoples government can have all tax payers dollars on the open block chain to see where exactly it is being spent. Or tracking any all ingredients in our food products.

  2. A normal data base can crash and lose all data to prior audits and transactions.

  3. This is a benefit to all of humanity as it creates an open and honest system of any type of financial transaction or tracking of products and ingredients. This keeps all working systems on honest.

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#2593
  1. Entries in the blockchain are permanent and can not be changed. The blockchain is transparent and auditable.
  2. Databases are editable and there is no public way to verify if changes were made. They are also centrally located. Blockchain is distributed so information can be validated multiple places.
  3. It allows businesses to validate where their materials moved on the supply chain and provides details such as ingredients/ materials composition as well as the true source.
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#2594

Homework on Provenance - Questions

  1. How does blockchain enable digital provenance?
    All transactions are publicly accessible and immutable, they can be tracked and audited at all time.
  2. Why doesn’t a normal database bring the same provenance?
    A normal database may not be publicly available, it holds data that can can be modified and permanent data loss could happen.
  3. Why is digital provenance such a great benefit to many businesses?
    Because no trust is needed, all the tracking information can be verified and audited any time.
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#2595

How does blockchain enable digital provenance?
Blockchain makes possible to trace the place and origin of all the transactions throug public ledger because any one can see and verify them.
This is possible because blockchain is a database in a network were all the transactions are stored and no one can remove exisitng data.

Why doesn’t a normal database bring the same provenance?
Because blockchain database exists in a desentralized network.
In a normal database it is possible alterate and remove existing data.

Why is digital provenance such a great benefit to many businesses?
Because there is no longer the need to trust in the given information, with digital provenance everything can be verified for exemple transactions,manufacturing etc…
It allows as well to make real time auditing and makes accounting more efficienty by putting togheter the accounting layer with the transaction layer, both in one place.

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#2596
  1. How does blockchain enable digital provenance?
  • transactions are written in stone and is read-only
  1. Why doesn’t a normal database bring the same provenance?
    centralized, authority can delete/erase or modify transaction, or lose the data
  2. Why is digital provenance such a great benefit to many businesses?
    it can verify origins and sources. not by trusting but by verifying.
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#2597

Blockchain enables Digital Provenance by allowing real-time auditing. Provenance refers to the transparency of the origin of something; with blockchain, anyone can go back and see every transaction and its details on the Ledger.

A normal database doesn’t bring the same provenance because a database’s data can be altered. Blockchain doesn’t allow for alterations or deletion of transactions from the chain.

Digital Provenance is a great benefit to many businesses because it allows for detailed tracking and retrieval of information. Beyond currency, blockchain would be beneficial to any supply chain situation because everything on the chain is transparent, and you could find every detail about the item and know that it’s accurate.

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#2598

1.How does blockchain enable digital provenance?
This is enabled by an immutable and non-destructive/editable decentralised ledger in which transactions can be added and viewed publicly, traced to its origin.

2.Why doesn’t a normal database bring the same provenance?
Normal db’s are held in a centralised system where data can be manipulated or removed therefore removing credibility and relies on trust. Also gaining access to data would be a problem.

3.Why is digital provenance such a great benefit to many businesses?
DP is very beneficial not only for B2B but also for clients as trust is no longer an issue between them, for every step along the transaction can be verified and realtime auditing of data helps to streamline the process as well as remove any 3rd parties. This will pave the way for innovation and security.

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#2599

  1. How does blockchain enable digital provenance?
    Blockchain can enable all parties to view the ledger to verify all transactions. The system creates transparency with the ability for auditing, therefore creating trust. Blockchain can also bring accounting and transactional layers together to be easily audited. Blockchain allows for tracking of a supply chain and provide transparent and verifiable information regarding products. The impact blockchain will have on business models: manufacturers/growers->suppliers/shippers-> retailers->customers is endless and immediately apparent.

  2. Why doesn’t a normal database bring the same provenance? A normal database can be easily corrupted(manipulation of numbers) due to a central point of control(company) that must relay on trust. Also with a central point of control, security is inherently weaker and has a larger central point of failure. A blockchain database is trustless in the sense that there is no central point of control or failure. The ledger can be viewed and audited in real time to verify all parties are acting within governance of chain.

  3. Why is digital provenance such a great benefit to many businesses? Digital Provenance will make all business more efficient. Firstly, having a business accounting layer and transactional layer combined and being able to be audited in real time will allow for businesses to allocate or relocate funds/products for better efficiency. Secondly, It will also allow for verification of authenticity and reliability of products which is a very large use case. Examples would be ingredients, rare gems, memorabilia, wholesale goods, industrial goods, and many more. The ability to track items from beginning to end, from audited/accredited companies add layers of trust to the network.

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#2600

1-How does blockchain enable digital provenance? When no one can change or alter and you can see all the details ahead of time to make better choices.

2- Why doesn’t a normal database bring the same provenance? Because again the trust issue of outside control, not applicable on the Blockchain.

3-Why is digital provenance such a great benefit to many businesses? Because it resolves so many customer challenges, including quality, tracking and trust.

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#2601

  1. Blockchain enables digital provenance by having an unchangeable public ledger that tracks asset transaction history by using a decentralized network of computers that confirms the movement of the assets.

  2. Normal databases are unable to provide the same provenance because they are centralized and often rely on information and data from third parties.

  3. Business benefit from digital provenance because they are able to track products or assets in real time. Businesses would not have to trust suppliers and partners who may benefit from providing them bad information.

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#2602

  1. Block-chain enable digital provenance by trust-less distrusted ledger that can be accessed by the public.

  2. A normal database is private and has access capabilities only for the owners to view, read and write on the file or database, it is not accessible to the public.

  3. Digital provenance can be beneficial for businesses with tracking and tracing products in supply chain and other business functions . Also, when it comes to auditing your accounts, digital provenance can provide your company with real-time auditing capabilities with your business.

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#2603
  1. How does blockchain enable digital provenance?

Blockchain allows to track the provenance of a transaction. Every transaction is written on the blockchain and cannot be removed (immutability). Blockchain is an open ledger where every transaction can be traced back.

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

Because in a normal database, a transaction can be removed or erased. If the database crashes, data can be lost. And it is probably much more difficult to trace back a transaction, it doesn’t have the same simplicity as with blockchain.

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

Because it provides the possibility of real-time auditing and accurate traceability, among other benefits.

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