It provides a traceable transaction to see the origin and the processes.
Normal database can be changed and/or manipulated.
I makes everything transparent and provides real time auditing and bring a great level of trust.
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- How does blockchain enable digital provenance?
Blockchain allows enables provenance as every transaction is written on the blockchain and cannot be removed, as there is a network of ledgers that confirms between each other if the new information is correct. - Why doesn’t a normal database bring the same provenance?
In a normal database information is controlled by one entity - not a network, as well as it can be altered. - Why is digital provenance such a great benefit to many businesses?
It allows to verify transactions instantly, without the need for the whole database to be controlled by one entity.
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How does blockchain enable digital provenance?
The Blockchain is a permanent ledger of trustless stored transactions that remove the need of centralization. Its open source information can only be added and never removed
Why doesn’t a normal database bring the same provenance?
Information can be modified and is not permanent
Why is digital provenance such a great benefit to many businesses?
Everything in digital provenance is trustless and on chain recorded data, which allows verification and transparency.
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- Verification in real time, live auditing.
- On a normal DB info can be altered or lost.
- Trust, via Blockchain.
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1.How does blockchain enable digital provenance ?
With blockchain you can do an audit in real time , which means you can track or trace things.
2. Why doesn’t a normal database bring the same provenance ?
A normal database is control by someone and you have to put your trust in that person/company but with digital provenance you don’t trust the person/company, you verify using the blockchain.
3. Why is digital provenance such a great benefit to many business ?
Digital provenance brings more trust to businesses because you can do an audit or verify in real time
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- The blocks on the blockchain are immutable, the blockchain is decentralized, no “one” entity has ownership
- Normal database is centralized, has an owner. It is mutable and therefore you must trust the owner/administrator to not make changes
- Digital provenance allows you to not have to “trust”. It is trustless. The digital provenance does the verification for you.
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How does blockchain enable digital provenance?
By the power of the immutable digital Viking Stone, the digital ledger that can be verified by anyone. The ledger contains information about all transactions and actions that go into any product, physical and perhaps digital. Only by participating in the blockchain can you add information to the ledger. The whole process is trustless and built into the blockchain. There is no need for ny trusted companies to verify transactions or actions that go into making and delivering and selling a product. -
Why doesn’t a normal database bring the same provenance? A normal database is not immutable in the same sense as the Viking Stone. A normal database can probably be verified, but you will need to trust a company or companies that everything has been handled correctly. Or you will have to trust the authorities.
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Why is digital provenance such a great benefit to many businesses? Based on the blockchain you can get speed, low cost and real time verification. Companies know what they are buying and their customers can as easily verify what they are buying.
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- Blockchain enables provenance by its interconnected public network that allows for real-time auditing.
2.Normal databases don’t have the ability to have a public ledger that is trustless.
3.It enables businesses transparent transactions from the supplier and manufacturer providing accurate information about products being sold.
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Homework - Provenance
a blockchain is a ledger that allows for transactions to be openly tracked and confirmed. it’s a transparent record providing digital provenance for the objects it tracks. the ledger is immutable, preventing duplication and deletion.
a typical (centralized) database can be modified by the owner, malicious actor, or accidental data loss. entries can be changed or deleted. to use information from the database a user must trust the third party. centralization also means some users may be blocked from accessing the database.
digital provenance allows for trust-less transactions and real time auditing. these features bring transparency to the processes they track, leading to lower costs and higher customer satisfaction. participants agree on the validity of the ledger rather than relying on a third (centralized) party. this enables things like decentralized finance, supply chain verification, identity confirmation, and more.
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[quote=“ivan, post:1, topic:8423, full:true”]
Homework on Provenance - Questions
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How does blockchain enable digital provenance?
Blockchain guarantees that all the data is protected and cannot be corrupted while at the same time being public. -
Why doesn’t a normal database bring the same provenance?
Normal database is not descentralized, is not public, is not transparent and it is not traceble. -
Why is digital provenance such a great benefit to many businesses?
Because it can cut cost and allow an unbiased, objective, infromation and accountability reggarding any data that we want to trace or have clarity over.
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Blockchain enables Provenance by having a publicly available ledger of all transactions. This transparency allows for the accounting of all transactions made on the blockchain.
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A normal database does not provide the same transparency as the blockchain because it relies mostly on trust from peer to peer.
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Digital provenance would be a great benefit to business as it would allow for complete supply chain transparency and negate the need for trust as the supply chain is available to be audited at any time.
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Q1. How does blockchain enable digital provenance?
A1: By only allowing records (blocks) to be added to the database (blockchain) it holds a complete record and history of what happened.
Q2. Why doesn’t a normal database bring the same provenance?
A2: A normal database allows entries to be removed and altered
Q3. Why is digital provenance such a great benefit to many businesses?
A3: Its like an ongoing up to the minute audit of what is happening, keeping track of all transactions
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1.) How does blockchain enable digital provenance?
A: It allows for the tracing and tracking of all endeavors/transactions completed on the recorded, public ledger where thousands of nodes can verify.
2.) Why doesn’t a normal database bring the same provenance?
A: A normal database is not public amongst various nodes in a decentralized manner in which various nodes can verify.
3.) Why is digital provenance such a great benefit to many businesses?
A: Because it adds immense value and makes operations more efficient and ensures quality.
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Blockchain enables provenance by maintaining a ledger of every transaction on the blockchain helping to track it in real time.
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A normal database can be manipulated or can be destroyed. The blockchain is trustless and and is always active in tracking transactions.
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Provenance can help to fight against counterfeit transactions and ensure that products are made correctly. This quickens the process of verifying transactions and different products.
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How does blockchain enable digital provenance?
Enable trustless tracking of financial transactions and supply chain management. -
Why doesn’t a normal database bring the same provenance?
You must trust a 3rd party, while on the blockchain you can easily verify onchain. Records will always remain on the chain and can not be falsified. -
Why is digital provenance such a great benefit to many businesses?
You do not need to trust a 3rd party.
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Provenance
- How does blockchain enable digital provenance?
The immutability of a ledger entry prohibits malicious or incompetent actors from removing, hiding or falsifying information about assets or transactions. At the same time its decentralized nature allows all participants in the network to independently verify its authenticity. - Why doesn’t a normal database bring the same provenance?
Conventional databases are mostly centralized and controlled by a restricted group of actors with rights to add, change or remove information with limited oversight from the public/users/customers/etc. Even though changes to a database can usually be observed and scrutinized in hindsight they don’t have that built in mechanism where stacking one block on top of the previous one consolidates the credibility of everything that has been recorded before. - Why is digital provenance such a great benefit to many businesses?
It can strengthen their credibility and reputation with their customers and investors because it provides transparency for their business processes. On top of that it can reduce operational costs through the conflation of accounting and auditing.
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1- we can track and trace and can not possible to change,will be there forever
2-on the database 1.0 i can hack easlly and change some data
3-digital provenance give trust and transparency
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How does blockchain enable digital provenance?
Blockchain allows you to track the provenance of a transaction. -
Why doesn’t a normal database bring the same provenance?
Because in a normal database a transaction can be removed. -
Why is digital provenance such a great benefit to many businesses?
Transactions are more transparent, safer, more efficient, you don’t need to trust and you can track it
anytime you want.
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- Blockchain enables provenance by tying together the transaction layer and accounting layer into a verifiable/ time- stamped record that is real time auditable.
- A normal database is controlled by a central authority, is easily manipulated, and information sectors are siloed which can create compounded consequences if there’s corrupt data interacting in the database.
- Digital provenance brings customer satisfaction via transparency, along with improved B2B relations. Also can increases multiples efficiencies via real time auditable feedback
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Homework on Provenance - Questions
- How does blockchain enable digital provenance? Data can be added but not removed and by doing so ties together accounting and transactions or in another sense allows tracking of two data sets at the same time in a trustless way
- Why doesn’t a normal database bring the same provenance? because data can be manipulated or the data cannot be merged together in a symbiotic relationship
- Why is digital provenance such a great benefit to many businesses? it will change businesses in a way we have never seen before it will save time and money in business Auditing, Accounting, file sharing, document verification and signing.
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