Homework on Provenance - Questions

Blockchain and Bitcoin 101
#2825 
How does blockchain enable digital provenance?

By storing and documenting an unerasable, unchangeble and trackable public data.

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

Because of absence of 100% traced and verifiable data.

Why is digital provenance such a great benefit to many businesses?
  1. Offer a trustless, traceable commercial digital environment.
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#2826
  1. Every transaction on blockchain can be trace back and cannot be removed therefore We are able to check provenance of transactions.
  2. Because normal database is under centralized governance and data can be modified or removed.
  3. Because of possibility of reliable auditing and traceability open not only for specialized company, but also for every day client.
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#2827

  1. How does blockchain enable digital provenance?
    Blockchain is digital database who provides the same information for all participants of the network. It’s only possible to add information, but not to remove. The information is also verified by all participants in the network.

  2. Why doesn’t a normal database bring the same provenance?
    Because a normal database is centralized and controlled by someone and also not traceable by everyone to any time.

  3. Why is digital provenance such a great benefit to many businesses?
    Because it makes many processes more efficient and trustless. In terms of auditing, you can trace and track transactions really easy und steady.

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#2828

  1. How does blockchain enable digital provenance?
    Blockchain is built on an immutable, append-only digital ledger based on triple-entry accounting which allows multiple parties to verify transactions.

  2. Why doesn’t a normal database bring the same provenance?
    Centralized databases that are not read-only and append-only may be private and transactions are only verifiable by a single party or selected parties.

  3. Why is digital provenance such a great benefit to many businesses?
    The ability to verify transactions allows for businesses to interact in a trust-less environment

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#2829

  1. Blockchain enables the digital provenance by bringing together all kinds of information abpout the supplychain such as accountinglayers, transactionlayers, origin of food or clothes manufacturing etc… in real time.

  2. A normal database doesn’t bring the same provenance because on a normal database information can be changed, corrupted, deleted …

  3. because of the trustless character, the real time auditing , the transparency … all in all much more efficient

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#2830

ivanLeader

  1. How does blockchain enable digital provenance?
  • The data is immutable, a digital real time record.

  1. Why doesn’t a normal database bring the same provenanc-The data is corruptible / expensive/ delayed.

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

-The data is trustless / fast/ and has private and public access.

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#2831
  1. How does blockchain enable digital provenance?

Blockchain is trustless (no central authority), has a distributed public ledger that makes it auditable anytime, anywhere and by anyone. Moreover, blockchain is immutable hence it can’t be manipulated.

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

A normal database is centralized therefore it is very much prone to bias and manipulation simply because is not blockchain.

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

Digital provenance will surely up skill the business industry because it brings traceability and auditability way easier.

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#2832
  1. Blockchain uses a trustless system that enables traceability of all transactions and no record could ever be removed once accepted into the record.
  2. If insecurely engineered database can be corrupted by many different factors, for example records may be changed with no trace of who made that change and since a database usually is stored in a central place, any CRUD operation would be easy to perform.
  3. Traceability is an invaluable tool to many businesses around the world by instilling confidence in consumers that products are safe for consumption. Citizens of corrupt governments will be able to hold them accountable for many different cases of wrongdoing.
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#2833

Not sure what you mean, these threads are intended for students to answer their homework :slight_smile:

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#2834

You can still give you own thoughts, maybe there is a benefit you see that everyone else overlooked :wink:

#2835

  1. It allows for trustlessness. All nodes must agree where product or money comes from and you can
    prove and see where item/money came from and where it is going.

  2. You can only add to a blockchain. You can not remove item/money like you can on a centralized
    database.

  3. Real time auditing, accounting layer and transaction layer can be included together. Real time tracking
    of products and material.

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#2836
  1. Blockchain enables digital provenance through the immutable and decentralized ledger. Each transaction performed can be traced back on the blockchain, which can only have transactions added but not removed.
  2. A normal database relies on trust, where if I paid a friend $10, we each only have the memory of doing so. But the blockchain allows us to track the transaction for the rest of time.
  3. Digital provenance is a great benefit to businesses (and humanity) because of its trustless nature. There is no need to rely on memory, or ledgers that can be manipulated by big powers. Every transaction can be audited by anyone.
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#2837

I won’t argue that. I just see some pretty smart people posting on here and feel a little intimidated. Better to be honest than to copy cut and paste answers. :smiley:

#2838
  1. It enables a public group of ledgers to validate information.
  2. normal databases rely on trust sometimes which is faulty at times.
  3. It takes the trust out of transactions and verifies the information, which leads to a more favorable option compared to a normal database.
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#2839

  1. How does blockchain enable digital provenance?
    Through verification of blockchain to replace trust in the data, with public keys it allows access and transparency to audit data in the blockchain for authenticity. As no data can be removed a full history is available that cannot be manipulated.

  2. Why doesn’t a normal database bring the same provenance?
    Data can be added or removed without any verification, apart from system access/passwords. The data is centralised in a location that must be accessed to view data in the system, that could have been manipulated or hidden for auditing and relying on trust that the presented data is correct.

  3. Why is digital provenance such a great benefit to many businesses?
    Massive benefit to financial transactions and ability to track and verify payments, supply chain advantages that would create a public ledger of each component from origin to finished product, from collection to delivery, all allowing audits to be completed remotely. Dont trust verify…

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#2840

  1. Becaus the blockchain is a public ledger anyone can apply provenance on anything on the blockchain. Don’t trust - Verify.

  2. In a normal database data can be removed. So it would not be possible to verify data from the beginning to the end, it may be removed in the meantime. This is why Blockchain is big. You cannot remove data, this allows anyone to verify the provenance of data.

  3. It allows businesses to fully trace and verify data on the blockchain, with full TRUST. Data once submitted on the blockchain cannot be removed.

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#2841

You don’t need to be intimidated, we are all here to learn about blockchain! :smiley: and if you want to make the most of the courses in the academy its best to take initiative. No one will scold you if you answer incorrectly.
If they do, send them to me :smiling_imp:

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#2842
  1. Blockchain enables digital provenance because all transactions are recorded and nothing can be removed.
  2. A normal database does not provide the same level of provenance as a blockchain because it can be manipulated.
  3. Digital provenance is a benefit to businesses as it provides a level of certainty by removing the need to trust such as ensuring the raw materials you ordered are what they are required to be.
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#2843

1.How does blockchain enable digital provenance?
Because blockchain works as a immutable database , you only add content in it
2. Why doesn’t a normal database bring the same provenance?
You can delete information or change something for normal databases is easy to do that
3. Why is digital provenance such a great benefit to many businesses?
You don`t need to trust only verify the information. Thanks to that companies or users could know for sure every element of a product.

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#2844

  1. Q: How does blockchain enable digital provenance?
    A: Blockchain enables digital provenance because it is immutable (meaning that it is a database to which only information can be added). It’s like the rune-stones that Ivan talked about. You can only add information; you can’t take it away. Once something has been carved into stone (or entered into a blockchain) it can’t be erased.

  2. Q: Why doesn’t a normal database bring the same provenance?
    A: Because people can go in and change the data in a normal database. For example, it is quite simple to make alterations in data that you have entered into an Excel database, and Access database, an SPSS database, etc.

  3. Why is digital provenance such a great benefit to many businesses?
    A: Traceability and trustlessness. Because data cannot be altered or changed once entered, it allows consumers (and businesses) to track items (like food) as they pass through a supply chain. You don’t have to trust that the company (e.g., your supplier) is telling you the truth; you can simply verify things on the blockchain.

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