- Because you can easily track everything and verify it.
- because a normal database you can rewrite and a blockchain you can only add things so it has much more trust
- They will have complete transparency to there costumers and the don’t have extra costs with a middleman to check and verify everything
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1.- It is totally transparent so you can verify where products come from instead of trusting what the seller tells you, information which is most likely incomplete or not true.
2.- Because it can be modified and most of the time it is private.
3.- Optimizing processes and getting a better view on where you products really come from is a game changing factor.
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- Ability to track items,
- real time auditing is not enabled
- trustlessness is possible
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How does blockchain enable digital provenance?
Since the blockchain is immutable, open source, and decentralized anyone can verify the information on the blockchain.
Why doesn’t a normal database bring the same provenance?
Normal databases are controlled by the database owners who have control over who can view and alter the entries.
Why is digital provenance such a great benefit to many businesses?
Digital provenance makes it possible to verify the provenance in less time, with more confidence, for a much lower cost than centralized methods.
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- Blockchains enable trace and track
- DB can be deleted or modified
- Real time information and public.
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Blockchain enables digital provenance with the stored immutable transactions synchronized in each node in the network available thereby making the need for a “Trust” party unnecessary or irrelevant.
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A normal database is generally stand-alone (in it"s own silo) and/or does not have the mechanism to ensure that it is updated and synchronized with all the other nodes in the network.
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Digital provenance is a boon to any industry as it provides an almost (if not) instantaneous tool to verify the data/information available in the system.
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- How does blockchain enable digital provenance?
Data stored in blockchain cannot be removed. In case it must be changed, new transactions are created so that new state of that information is recorded. If you can verify the chronology of each stored information, you must necessarily be able to track each state of data in time.
- Why doesn’t a normal database bring the same provenance?
In a normal database the information can be changed or updated. For this reason, you might be able to have only the latest state of each information (traceability of data state in time is not ensured in this case).
- Why is digital provenance such a great benefit to many businesses?
With digital provenance you can have accounting and auditing processes naturally ensured, allowing less costs with auditing processes, for example. All transactions can be verified in real-time.
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It enables digital provenance because it is a public transaction that can be verified by multiple computers that tracked the transaction. Instead of trusting a third party’s information, you can just verify it right on the blockchain. If one record of the transaction is falsified, there is an entire network of computers’ records that can immediately prove it false.
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A normal database is not decentralized so if the central point gets hacked or compromised, the database’s info could be manipulated or altered and you would not be able to verify that the info is false.
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Because it removes the need for trusting a third party’s info. You can look up the history and verify it for yourself without relying on a third party
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- Blockchain records every transaction and cannot be erased.
- A normal database can be altered, and do not provide verification, it requires trust.
- Digital provenance provides verification, removing the need for trust, and would allow for real time audits which would contribute to reduction of costs.
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- How does blockchain enable digital provenance? You can easily check the source and the correctness of information because every transaction is ‘set in stone’ and can’t be changed/removed/faked.
- Why doesn’t a normal database bring the same provenance? A normal database can easily be maniulated by people.
- Why is digital provenance such a great benefit to many businesses? With digital provenance you can make decisions based on information/facts instead of trust.
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How does blockchain enable digital provenance?
The blockchain functions as an ledger that time stamps and publicly stores a transaction or witnesses an ownership of an digital asset. An Information stored on widely used blockchain as for example the Bitcoin blockchain is almost impossible to Manipulate which makes double spending or manipulation regarding the provenance impossible. You can trust verifications by the blockchain because it is verified and stored in the network. -
Why doesn’t a normal database bring the same provenance?
Because of Centralization. The verification of a wide Network is missing. You need to trust a third person, a company oder a state which is not the same as a verification by a wide decentralized Network. -
Why is digital provenance such a great benefit to many businesses?
Before blockchain you had to take the word of a company when it came to the provenance of their products. Now companies can proof their supply chain or the provenance of their products much easier which can be very attractive to their customers or maybe even necessary to fulfill laws and regulations. Maybe labels like fair trade will become more trustworthy if companies need to proof the provenance of products.
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How does blockchain enable digital provenance?
It verifies that all transaction are exactly what they say they are in a trust less manner. -
Why doesn’t a normal database bring the same provenance?
Because transactions on a normal database can be edited/changed. -
Why is digital provenance such a great benefit to many businesses?
It allows businesses to know their transactions aren’t corrupted and will help them serve their customers more efficiently.
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Blockchain enables digital provenance by recording every transaction made on the chain across multiple distributed ledgers. Transactions cannot be deleted thereby removing the need for auditing by a third, trusted, party.
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Normal databases require a controlling entity to ensure that the two sides of a transaction meet the contractual conditions.
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Digital provenance provides a secure environment to carry out transactions, transparency and realtime auditing.
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- Blockchain enables digital provenance by being a digital public ledger that lives on the internet that is open and available to every to verify transaction or data being inputted.
- A normal database may not bring the same provenance due to the fact that information or data can be controlled by a single entity which is not the case with the blockchain.
- Digital provenance is of benefit to businesses because it brings about trustlessness. also, it means that companies can have their records audited and updated in real-time
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Allows trustless tracking and auditing/accounting in real time. on the BC it’s imutable and can’t be removed. Every transaction is open source.
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A normal data base is centralized and only as good as the input data. It can be lost/hacked/crash. On the BC its real time, and can’t be removed, every transaction can be traced.
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Provides real time audits, and tracking that can be easily accessed
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Sure that makes perfect sense.
Thanks for the information, and also for following up up on my homework. Are you in support, or another student here? Nick
I’m in support 
1.By making transactions trust less and decentralized. To achieve that a third party is unnecessary such as governments or centralized organisations.
2.Centralized organisations and government can manipulate and control all the data resources.
3.It provides enhancement to the security sector and also retain personal information to prevent any leakage of privacy.
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1 Because the blockchain is transparant, public accessebly, possible to track and follow transactions and is immutable and so very reliably about the stored transaction data
2 Because a database is in normal cases for the public not transparant and accessebly, but maybe the most important it is in compare with blockchain easy to change the stored transaction data and is in that case not reliably
3 Because it provides the right stored data for auditble, transaction or digital provenance without the doubt that there is something not right with the data
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Digital provenance comes through chronological stored information/ processes which are secured through multiple notes which have an identical copy of that information. Transactions of any kind are traced, stored and verified through the notes. Because of using this consensus mechanism of many notes it is very cost intensive/ impossible to alter this informations later on.
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Usually in standard databases the information could be altered later through a single central entity which owns the data or because the information is not stored in a chronological manner.
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Digital provenance can give the benefit of real time auditing of processes through a public ledger. This can include spendings of any kind or the distribution of pieces and it`s provenance for any kind of physical product. With the use of a public ledger it can be trustless but verifyable.
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