1- Blockchain is data base where you can add data but you cannot remove it. It is a public ledger where you can see all transactions and each can be trace and track.
2- Because you can remove data and you don’t have a network computer that verify your data and where there are a copy of this data in each computer.
3- Because it bring trust.
Blockchain enables digital provenance by tracking and tracing a financial transactions or products on a blockchain network. Ledger created in the blockchain are decentralized and cannot be changed.
A normal database cannot bring the same provenance because it is controlled by single entity or company and can be changed as desired. Whereas data on blockchain is immutable and cannot be changed.
Digital provenance is of a great benefit to many businesses because it provides a permanent record of data which cannot be changed. Digital provenance lets businesses to track and trace their products and financial transactions in real time.
Homework on Provenance - Questions
Q1). How does blockchain enable digital provenance?
A).ItTransforms Data into Immutable, Un-hackable, Unchangeable Records.
When data connects blocksof data, which then are added to an unchangeable chain of blocks in chronological order. Once added and it can only be added. it’s impossible for data to be altered, deleted, tampered with or hacked.
MAKING THE data Immutable and gives it provenance
Q2). Why doesn’t a normal database bring the same provenance?
A) When data connects block sof data, which then are added to an unchangeable chain of blocks in chronological order. Once added and it can only be added. it’s impossible for data to be altered, deleted, tampered with or hacked.
MAKING THE data Immutable and gives it provenance. (VISUALIZE A RUNSTONE).
Why is digital provenance such a great benefit to many businesses? SEE SAMPLES BELOW:
A).MANUFACTURING
Manufacturing supply chains are often sophisticated and complex, making transparency and accountability challenging. BLOCKCHAIN supports organisation to verify that supply chain management/auditing processes have
been carried out in accordance with compliance and regulatory requirements.
Health Pharmaceuticals & Med Tech
BLOCKCHAIN provides a solution for the complete traceability of drugs/medical products, from manufacturer to end consumer, and has the ability to identify exactly where the supply chain breaks down during an issue.
Internet of Things (IoT).
IoT devices and the information recorded using them is vast. This information is often business critical. BLOCKCHAIN helps companies relying on IoT data to prove the integrity and correctness of the data recorded.
EDUCATION
Educational institutions utilise Evident Proof to store credentialing data around assessments, degrees, and transcripts to streamline verification procedures and reduce fraudulent claims.
SUPPLY CHAIN
The CDC estimates that foodborne illnesses affect 47.8 million people in the U.S. every year, putting 127,000 into the hospital and killing more than 3,000. By utilising A BLOCKCHAIN platform, companies within a supply chain can gain transparency into shipment, tracking deliveries, and progress among other suppliers where no inherent trust exists.
When emergency services present data in a court of law, a third party is required to validate the data. Data generated by events, information and evidence gained by officers in the course of their duties, can be incorporated into court read Proof Certificates generated from/of the BLOCKCHAIN.
How does blockchain enable digital provenance?
A defining characteristic of the blockchain is that it includes a verified record of all previous transactions. This record of digital transactions can be analyzed by a computer or a computer to identify the origin of the value or item. This record, once verified by the blockchain cannot be modified, and so it becomes the unchangeable ledger that can be analyzed to identify provenance.
Why doesn’t a normal database bring the same provenance?
A normal database doesn’t bring the same provenance because a normal database is mutable. A person or a computer can go and edit old transactions.
Why is digital provenance such a great benefit to many businesses?
Digital provenance is a great benefit to many businesses because it provides a clear source of items. It also removes a lot of work that a normal business would have to do like auditing and accounting. Digital provenance also allows businesses to remove trust from their business transactions. The digital provenance can be verified of the items they are handling in their business whether its physical items or digital currency.
Provenance is the field of recording the history of data through its many lifecycle stages. Blockchain achieves digital provenance because of the very same nature of the blockchain, where every transaction is recorded in a decentralized way.
Normal databases are handled by the authority that provides the services, so they have the control over all data manipulation history.
It is beneficial because it provides transparent information accessible for all parties.
How does blockchain enable digital provenance?
Blockchain enable digital provenance by keeping permanent records and improving transparency. The blockchain is decentralized and no one single company has control over the data, no one can change the information or database, in other words it is irreversible.
Why doesn’t a normal database bring the same provenance?
Most standard databases are owned by an entity (centralized)
Why is digital provenance such a great benefit to many businesses?
Digital provenance is such a great benefit to many businesses as its supports and encourages a verifiable trust by allowing others — direct access to the full ledger or historical data on the ledger. Finally its increases speed of traceability time from days to seconds.
How does blockchain enable digital provenance?
· Blockchain is a network of databases stored in inter-connected blocks and each block is called a ledger. The open ledger allows for tracing of all transactions from A > Z, transparency, verification, all in real-time. Both the accounting layer and transaction layer are implemented, allowing digital provenance.
· Data can only be added, never removed.
Why doesn’t a normal database bring the same provenance?
· Due to its centralised dependence on third parties, a normal database is prone to hacks, data manipulation, alterations and deletion, hence an opaque system.
Why is digital provenance such a great benefit to many businesses?
· Single source of truth, outmost transparency for both businesses as consumers, real-time tracing and audible, no more human Trust/assumptions/likability required because all data is instantly verifiable!
How does blockchain enable digital provenance? Provides a decentralized public ledger of transactions where an existing transaction cannot be deleted from only added to.
Why doesn’t a normal database bring the same provenance? It is mutable and so the data (i.e. transactions) can be corrupted or falsified.
Why is digital provenance such a great benefit to many businesses?
It provides complete transparency making any kind of verification more simple and efficient.
Provance
1.How does blockchain enable digital provenance?
Digital provenance is enable by digital tracing and blockchain
is a code where all transactions and being tracked and stored
2.Why doesn’t a normal database bring the same provenance?
Normal database cause it can be easily hacked and not safe for infomation
1.Why is digital provenance such a great benefit to many businesses?
It’s Way safe then normal database and it track in real time also more transparent
In the Blockchain, every transaction is transparent.
A normal database can be tampered with and erased.
For many businesses digital provenance can verify every transaction in the supply chain.
Blockchaim enables provenve by allowing ita users the ability to trace transations and because it is permenant the transactiona can be audited without relying on the trust/ guarantee of the establishment or institution, company or person.
Current databases records can be manipulated, ereased or not recorded. Current databases are also vulnerable to human error.
Digital provence is a benefit to many business because it is transparent. Transparency allows busimess to be reputable which could lead to increased income. The trust is in the system of digital provenve and not in the company. So for example I would know that what I am perchasing is what I am going to get, not a knock off or imitation.
Block-chain technology allows for decentralized ledger that can not be modified or deleted once data recorded. It doesn’t depend on any single authority as the gatekeeper of data, that are prone to manipulation.
Normal database relies on central authority to manage the data, which allow that entity to become the arbitrator of the data integrity. Normal database are not build on principle of decentralization and immutability, which is the fundamental requirement of digit provenance.
it allows for transparency and tamper-proof data when tracking information such as finance/accounting, product ingredients, and manufacturing processes, to name a few.
Blockchain enables digital provenance by providing a ‘digital stone’ via a public ledger which only allows information to be written and added to it, not taken away. This means that it is possible for anybody to look at the transactions and history associated with each entry on the blockchain.
A ‘normal’ database doesn’t offer the same transparency because it is usually owned and operated by a single or multiple centralized entities. It is up to them to decide what information is public and accessible by other parties.
Digital provenance is a truly revolutionary benefit to businesses as it allows full transparency and removes the element of trust out of transactions - benefiting not just the businesses, but allowing them to pass of the verified goods and services to consumers, providing them with a higher quality of product.
