- How does blockchain enable digital provenance? by achieving a trustless network for all finacial transactions
- Why doesn’t a normal database bring the same provenance? a normal data base can be changed and altered easily as blockchain can only add data but not remove data
- Why is digital provenance such a great benefit to many businesses? by having a public ledger they will be able to track all financial transactions in real time and make all financial process more efficient.
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- Blockchain enables digital provenance by only augmenting any changes and not erasing anything.
- Normal databases require trust to your Admins whom have full jurisdiction with the power to edit change and modify existing information based purely on trust.
- Digital provenance eliminates the pure need for trust alone and gives visibility to verify and validate
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Blockchain enables digital provenance by tracing the origins of a transaction through an open ledger.
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Normal databases can be easily controlled and manipulated.
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Digital provenance will benefit many businesses by merging transaction and accounting layers. It cuts cost with real-time auditing, and save time by accurately tracking the origin, location, status, and quality of a product.
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- How does blockchain enable digital provenance?
With the ledger, you have all the sequence of transactions so following the suite backward let you who is involved at each transaction to confirm it with an other ledger by comparing the informations. - Why doesn’t a normal database bring the same provenance? On my knowledge, the DB is centralized so only one copy and the DB keep only the present or last state of a data. Without a copy of the previous state, even one step back provenance is not possible.
- Why is digital provenance such a great benefit to many businesses? Digital provenance is language neutral and no physical support is needed to revise the provenance. You only access it online wherever you are. For many businesses, the foreign supplier is unacessable so Internet resolves the distance.
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hi there,
it was my first homework and was not sure how to add mine. As I see, I did on the wrong place in the stream. I am sorry about the misplaced text.
1-By Keeping a record of specifics information on a trustless decentralized network and using math, a coherent unmanipulated verification result of the digital provenance can be obtain.
2-Because is not trustless, or decentralized.
3-Transparency, , zero counterfeit products, real customer satisfaction win-win.
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How does blockchain enable digital provenance?
By being able to track all transaction on the public ledger -
Why doesn’t a normal database bring the same provenance?
Blockchain is public, where normal database may not be. -
Why is digital provenance such a great benefit to many businesses?
Being able to trust the data, better accuracy, and more efficient.
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The fact that it is a public database that can be viewed by anyone. Information can never be removed info can never be changed or lost and also requires versification via independent parties makes block chain a very transparent way to conduct business.
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Because it is subject to honesty and can be manipulated. You can also loose it.
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It allows a business to track every aspect of a transaction with a customer in a honest trustless way
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- how does blockchain enable digital provenance ?
- blockchain enables digital provenance by its decentralized ledger in which the data can only be added and can not be removed also blockchain network runs by a distributed computer network which is kind of impossible to manipulate or corrupt.
2 Why doesn’t a normal database bring the same provenance ?
- Normal databases aren’t transparent and are based on the trust of its creator(individual/organisation) ,they can be manipulated by creator or admins ,which creates instability to network and its services…
3 why is digital Provence such a great benefit to many business ?
- business runs on based of trust which digital provenance can provide it creates a bond between customer and business owner so the customer can fully rely on the information/services they get in return. also in other prospects the business owner can keep track on their employee and their work there for it offers scalability to a business which is very needed in terms of expanding or growing a business.
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- It does so by assuring that none of the datasets can be removed or manipulated at any time.
- Because normal databases can be edited easily and so the entries are open to maniputlation.
- Because businesses don’t have to trust for example their partners; they can verify that the information which is given to them is correct.
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- How does blockchain enable digital provenance?
The blockchain is a database of transactions, where we can add transactions and but not remove or modify them. The blockchain database is kept on a network of computers containing all transactions and each transaction can be tracked and traced in real time. This enables provenance where the origin of things can be seen and traced.
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Why doesn’t a normal database bring the same provenance?
A normal database can be modified, deleted or duplicated. -
Why is digital provenance such a great benefit to many businesses? Digital provenance enables businesses deals to take place without having the need to trust. Users can have the confidence in the origin of things as stated in the ledger that is created from the source of the supply chain till it reaches the end user.
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- How does blockchain enable digital provenance?
Blockchain enables provenance by providing complete transparency and traceability for digital transactions.
- Why doesn’t a normal database bring the same provenance?
Normal databases are centralized and are opaque in the sense that they do not merge accounting and transaction data. Unless a firm or company is audited thoroughly or subpoenaed by a court, their data will often remain private and hidden from the public eye.
- Why is digital provenance such a great benefit to many businesses?
It eliminates the need for trust for supply chains. Goods can be exchanged with full transparency, yet without trust because blockchains do not require two parties to trust each other in order to transact. However, all transactions can be verified. Businesses can know exactly when and where the products they purchase are made. They can know what exactly is in those products. They can know the quality of the products. Everything becomes traceable with digital provenance that blockchain enables.
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- Blockchain technology is basically verifiable public ledger and this allows automatic / less manual audit that requires trust and also prone to human errors. Non-deletable or irreversible public ledger can be fully transparent or can be acessible only by the auditor to enable the tracking of origin or authenticity of information.
- Normal database requires more trust and prone to errors. Sometimes the database may not be public and also may be non-interoperable, thus, it’s more difficult to verify the information stored within the database.
- Digital provenance with clear pre-defined rules may allow automated audit system that will cut down costs associated with compliance firms in case of accounting. Also for product / project life-cycle tracking application it will allow transparency so the business can be assured that they are compliant to their policies such as no child labour involvement, environmental sustainability, etc.
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1 – By being decentralized , as there is no main government or organization controlling the blockchain it cannot be changed and so enables digital provenance
2 – Because a normal database has a central organization and the info can be removed and added.
3- Because of the digital provenance the businesses can verify their products, say for example the food market they know whats put in their food. What also helps is that it is very fast and everyone can acces it.
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Blockchain encompasses the very definition of prov·e·nance - " the place of origin or earliest known history of something". It is immutable, transaction and account records cannot be deleted on the public blockchain.
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A normal database you can delete and manipulate records. You cannot do this on a public blockchain ledger.
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Digital provenance is a great benefit to many businesses because it provides transparency and truth to all digital records that exist on the blockchain. This builds integrity and trust with the business supply chain and business stakeholders. TRUST is the cornerstone of all good business dealings.
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Blockchain being a distributed de-centralized immutable ledger or database, which is append only. This makes it impossible to fudge the data. This forms a audit trail for the data itself. Also blockchain incentivises people doing the right thing. One can trust the blockchain for its accuracy even though they do not trust the vendor or the 3rd party.
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Normal databases are not immutable and is not distributed. The centralized nature of the database make it easier to manipulate. It is hard to trust.
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Makes the business more transaparent, trustworthy and authentic making a huge impact on its brand.
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1.How does blockchain enable digital provenance? It’s an open ledger from start to finish. Easily tracked and tamer-proof.
2.Why doesn’t a normal database bring the same provenance? Because it’s not an open public ledger. It can be altered and no one would know the difference.
3.Why is digital provenance such a great benefit to many businesses? Transparency is a beautiful thing and will insure people know the truth based on what they see in the blockchain.
Am I on the right track?
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- How does blockchain enable digital Provenance?
Blockchain enables digital Provenance because its a digital record done in real time, it cannot be manipulated.
*Why doesn’t a normal database bring the same Provenance?
It doesn’t bring the same Provenance because it can easily be manipulated, it is based on trust.
*Why is Digital Provenance such a great benefit to many businesses?
It has many advantages, It is a verified system, a trustless system, don’t need middlemen, based on mathematical and scientific methods to be able to verify anything from inception to completion.
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- Digital provenance is possible because of the blockchain technology. In blockchain, every transaction is recorded and can’t be removed. So it’s possible to track all the way down to the beginning.
- Normal database is stored only in one place, so there’s a vulnerability that it might be broken, stolen and hacked as well which could make the provenance not that reliable.
- Digital provenance ensures that the business is getting what they are expecting, and not cheated by the clients, suppliers etc. All the information in blockchain system is genuine, they are real and can’t be faked, so it gives the the highest reliability
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Homework on Provenance - Questions
How does blockchain enable digital provenance?
Blockchain Tech allows for transparency and trust less systems are built-in.
Why doesn’t a normal database bring the same provenance?
In blockchain you can only add transaction and they are public, everyone can see them. Conventional databases are private and difficult to audit
Why is digital provenance such a great benefit to many businesses?
It allows financial transactions to be easily double checked by anyone. Products and partners can be traced and checked making it very difficult for bad actors to operate.
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