1. How does blockchain enable digital provenance?
Because blockchain is decentralized we can check up on the history of a transaction with ease on the public ledger.
2. Why doesn’t a normal database bring the same provenance?
A normal database doesn’t have the same provenance as a digital provenance on a blockchain for that exact reason. It isn’t on a trustless blockchain. The problem with a normal database is transactions can be added or removed, and data can even be lost. Ontop of all this, you have to be able to put your trust in the owner of this database.
3. Why is digital provenance such a great benefit to many businesses?
Digital provenance is safer, more transparent, trustless, easily traceable, gives you the opportunity to not have to rely on ‘trusting’ relationships, and allows for real time auditing.