Homework on Provenance - Questions

Blockchain and Bitcoin 101
#243

Answer:

  1. Because blockchain is ultimately a ledger which anyone can have and verify, you can track any data that was put in the ledger to it’s source or “date of birth”. The other very important reason is that each blockchain when settled, is unchangeable ( or have very very low chance to be tempered with, depending on the blockchain).
  2. Normal database is highly centralized, which means you can change any data at any time, and no one will know, since they don’t have copy of your database. It creates a situation when you are becoming a gate keeper to information that people want to access, which means they have to trust your word. They cannot verify for themselves that you haven’t changed anything in database.
  3. Many business require certification of origin which have to solve problem of trust and validity. However, humans are most of the time point of failure. We are susceptible to corruption and stupid mistakes which commonly refereed to as “human factor”. Digital provenance of the blockchain solves that problem, because you can have exact database verified by bunch of other people and verify yourself the origin of the data. This is good for food industry, patents, any digital content, art, car industry, etc.
#244
  1. How does blockchain enable digital provenance?

Via a network of public users monitoring the transactions which cannot be altered. After adding data, it cannot be removed so there is an unbroken record of the data from beginning to end which can be seen by anyone. Therefore, each transaction can be tracked openly, in real time, by any member of the public.

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

The blockchain is completely open to everyone in the public, thus it’s a complete public ledger. This is not the same as other databases which can be modified without the transparency that a blockchain has.

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

Provenance is a benefit to any business that wishes to track details of either financial transactions, periodic services, or origins of materials which comprise their products. Having a public ledger of supply chains and procedures brings efficiency and verified quality to businesses. It enables the public and customers the capability of tracking important aspects of business, thereby removing the need for trust in favor of verification.

#245

  1. How does blockchain enable digital provenance?
    Transactions on the Blockchain are absolute, cannot be tampered with or edited in any way. This allows for the removal of trust in any one group, company or individual in obtaining the information of any transaction, which allows for digital tracking such as auditing of a company and complete visibility of the supply chain of any retail / food industry.

  2. Why doesn’t a normal database bring the same provenance?
    Simply put, a normal database involves the participation of a human and humans are capable of lying, manipulating, corrupting or making errors of judgment in tracking information or adding information to a traditional database.

  3. Why is digital provenance such a great benefit to many businesses?
    Two of the main benefits are that 1)a company no longer has to trust their employees to not make mistakes or defraud them in any way and 2) it removes the cost of having to pay employees to do something that the blockchain cannot be beaten at doing by a human being.

#246

Homework on Provenance - Questions

  1. How does blockchain enable digital provenance?
    The data structure of blockchain transactions provide secure recording, tracing and tracking of layers of data contained in each transaction.

  2. Why doesn’t a normal database bring the same provenance?
    A normal database allows for addition, deletion, revision and manipulation of data. The blockchain data structure only allows for the addition of transactions.

  3. Why is digital provenance such a great benefit to many businesses?
    Blockchain’s open, public ledger of all transactions allows for various types of data verification including but not limited to:

    • real-time financial auditing, using accounting and transaction layers
    • increasing efficiency tracking the presence and condition of ingredients or
      goods as it travels the supply chain
    • verified utilization ethical labor standards

    Business transactions and services subject to human error, trust or perhaps lack
    thereof, can be rendered trustless by way of using verified data on the
    blockchain.

#247

  1. It enables provenance because it allows for transactions and data linked to the transaction to be tracked in a database that can not be altered at a later time. For any transaction, the data assosiated with that transaction will forever be the “truth”.

  2. a normal database can be altered by whoever controls the database.

  3. With digital provenance, businesses can do quality controll of their supply line in a cost effective mannor. Financial auditing can be done much cheaper.

#248
  1. 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.
  2. 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.
  3. Because it provides the possibility of real-time auditing and accurate traceability, among other benefits.
#249

  1. Blockchain enables digital provenance by ensuring that each transaction recorded on the ledger can`t be removed or changed, thus its origin can be tracked.

  2. The normal database does not bring the same provenance, because its data is not distributed like blockchain among trustless network participants and its data can be removed or changed by the owner. With a regular database, we put the trust in the hand of an authority that manages it. With blockchain, we put our trust in consensus rules and math.

  3. Digital provenance is very valuable for many businesses that rely on cooperation with 3rd parties because it allows the removal of trust from certain processes, thus enhance overall transparency and gives more trust towards their ustomers.

#250

  1. Provenance is another word for origin. Blockchain is a digital public ledger that demands a network of computers verifies that a transaction is built on authentic origin.

  2. If a normal database is the source of information for a network the access is centralized and can be tampered with by a third party with access to the database. Without access to the history of origin a transaction demands trust in the third party. It also increases the risk of losing data because decentralized data is stored in a network of computers and the risk of all computers in a network to shut down is a lot smaller

  3. It provides the opportunity to cut costs, increase efficiency, reduce the time and resources allocated to accounting and improve their supply chain through real-time audits. With digital provenance a business can provide public transparency and increase customer confidence.

#251
  1. By being decentralized. Blockchain is an open ledger and the transactions written on it cannot be changed. With blockchain you will for example be able to trace the stages of a product being manufactured to sold by self-verifying this instead of relying on the company.
  2. Because most of the normal databases are centralised and that the information in these databases can be changed.
  3. It makes your company trustworthy without having to put any effort into proving it. Makes it easier for everyone to keep track of your process.
#252

  1. How does blockchain enable digital provenance?
    By being an add-only database and at the same time publicly accessible

  2. Why doesn’t a normal database bring the same provenance?
    By being decentralized while at the same have concensus among nodes which prevents data on the all nodes are the same and valid.

  3. Why is digital provenance such a great benefit to many businesses?
    Because it makes auditing or tracing easier.

#253

  1. Blockchain can store every transaction in a ledger that cannot be altered or removed, so we can trace back all the information.

  2. Normal database is centralized, can be hacked and data can be tampered with.

  3. Because it’s trustless.

#254

1: By putting togheter the accounting layer and the transactional layer.
2: It is not decentralized and open.
3: It is open and removes opaqueness.

#255

  1. Blockchain is an open public ledger, where all transactions can be tracked and traced in real time

  2. A normal data base is centralized and can easily be erased, hacked, and audited.

  3. The reason digital provenance is so important for business is because bushiness are able to track and trace all of their supplies without going through a third party. This drastically reduces the cost of modern transaction flows. As Ivan said “Don’t trust, Verify”

#256

Homework on Provenance - Answers

  1. Blockchain enables digital provenance because it is a public ledger. Which data can be added but can no longer be removed or changed.

  2. A normal data base can not bring the same provenance because the data base can always be changed or manipulated which loses its trust.

  3. Digital provenance is a great benefit to many businesses by recording and tracking the supply chains and customers can trust and receive accurate information.

#257

  1. Blockchain enables digital provenance because it is a public ledger where transactions cannot be removed. This unique nature of blockchain allows for us to trace the origins of every transaction, therefore allowing for efficeny and transparency.

  2. Unlike blockchain normal databases can have things added and removed, normal databases are also centralized therefore most lack the effieceny and transparancy of blockchain.

3)It is time effective as it allows for real time auditing, businesses can also trace all transactions therfore they do not have to rely on “trust” as one does in a centralized system they can “verify” in real time, this reduces cost and labour for buisnesses.

#258
  1. Enables by providing real-time auditing, combines accounting & transaction layer, trustless, open & efficient.
  2. Because it is centralized, can be controles by gov’t or authority, can be changed or manipulated, more trust involved in normal database
  3. Tracking single-source foods such as cacao, coffee, or mint from the farm to customer. It can affect the full life cycle of the supply chain in a good way.
#259

1.Blockchain is a network, a ledger, a large database where you can only add things/ information but not remove , therefor by working with each computer who has this copy of blockchain people/ businesses/ governments are able to track something (in particular need what they specializing) and verify certain actions or tasks in a fair , transparent and mathematically correct way , for all to grow more socially responsible and developing nation of the earth.

  1. They actually could , but for self centred reasons , because of inability to change and for egotistical greed they dont want to , they rather have an admin who sits there and controls the data what is sent and therefor can change the actual data , without real time managing skills . its a form of dictatorship , where everything is sensored and changed , before real time users manage to see the information. Its a form of AI hack but in much much larger scale , covering all planet, so by adding this database to blockchain database it would couse mass exposures of multitude scams, criminalities, wars and murders, within all fields of the business- exmp medical, food industries, government backed schemes, subsidies , distribution of firearms, money exchange , housing and largely nature reserves such as naft , gems , minerals, metals, wood , and of course many many more. it would cause unnecesary panic for 7 billion people .

  2. It would make everything clearly overseeing , clearly managable , clearly tracking the issues and root causing them and changing issues in the root , rather than in a cutting. For example , i get prescribed wrong medication and because of this i develop further symptoms in my body , based on inaccurate medical doctor, or practioner , or nurse, or tester ineffectively filled form, or wrong techniq used to identify certain issue . by pinpointing this issue , it could reverse and cure , and protect others from mistakes made and fixing the certain mistake in the root , rather than guessing what went wrong , because of inadequate database system , trained professional or criminal working within highly trustable fields.

#260
  1. Data saved in blockchain is saved forever, you can add new information, but in the same time you can not delete anything. Also data inside blockchain is completely transparent so digital provenance is enabled.
  2. Normal database is not accesible to everyone and needs to be audited so there is no place to speak about real provenance on money or products.
  3. It allows customers and business partners make sure that product they want to buy comes from the source that seller is saying. Digital provenance allows access to every step of production chain for everyone who is interested in this data.
#261
  1. From the fundamentals of blockchain, once you add something you can’t remove it. Also everyone can verify the true content.
  2. In the normal database you can change, erase or add different values or inputs.
  3. In many businesses there is a component in the transaction related with the trust you have in the product or supplier, with digital provenance you have a place to verify.
#262 
How does blockchain enable digital provenance?  It provides a public ledger that can't be changed, therefore providing a record that can be verified.
Why doesn’t a normal database bring the same provenance?  Because in a regular database you can add and delete items from it but with a blockchain you can only add to it.
Why is digital provenance such a great benefit to many businesses?  Because it allows them to remain trustless in business dealings while providing information to their customers about where their products, etc. have come from.