- The transactions on blockchains are impossibly erased once the transaction is inputted and the record will be there forever in a “public ledger” database that can not be modified.
- Because normal databases can be edit and modified from its original input. Basically it can be erased and be re imputed.
- It offers security, clarity, and trackability for transactions.
How does blockchain enable digital provenance?
Through a decentralized and public database/ledger that adds, verifies and stores the transactions in a unmutable form.
Why doesn’t a normal database bring the same provenance?
A normal database is centralized which requires you to trust the entity that controls it and is possible to manipulate because of the lack of insight.
Why is digital provenance such a great benefit to many businesses?
All your transactions are recorded on a decentralized database for everyone to see/verify, this can change the way for example how auditing works,
to make it more open and more effective. Another benefit is that the business & customers could be able to verify the supplychain of the product from beginning to end
in a trustless manner to verify the content.
- The orginal transaction can be viewed in the database by anyone to determine its original source and accuracy.
- Normal centralized databases and be altered, added to or erased by the primary controller of the information potentially rendering the transaction as false.
- Decreased time and expense rendering 3rd party ausitors unecessary. Immediate ability to verify a transaction at any point or company on the blockchain during its entire recorded journey across a supply chain database.
How does blockchain enable digital provenance?
Blockchain can track every movement of a valuable and every component or movement and condition of that valueable and its along its way to its final destination. It can be used and a comprehensive life playback cycle of a product or service.
Why doesn’t a normal database bring the same provenance?
A normal database can have historical data added or removed. A normal database is highly unreliable.
Why is digital provenance such a great benefit to many businesses?
Businesses need to know exact liabilities to make them efficient. Providence adds a layer of confidence in products and services that has never before been available. Providence is value in itself.
- How does blockchain enable digital provenance?
Enables you to track, trace and verify the entire supply chain. Verified by discrete decentralised computers, recorded on an immutable ledger using only the protocol/maths. It is a trustless process.
- Why doesn’t a normal database bring the same provenance?
A normal database is not immutable. You can modify/delete items
- Why is digital provenance such a great benefit to many businesses?
Real time auditing, increased efficiency - you can combine accounting and transactional layers. Complete transparency, publicly viewable - doesn’t have to be completely open. Can be encrypted.
- Blockchain enables digital provenance because it puts together the accounting layer to the transactional layer through the creation of a public digital ledger.
- A normal database cannot bring the same provenance because it is centralized, which means it can be manipulated.
- Digital provenance is of great benefit to many businesses because we are able to trace everything and remove trust from the equation. I will not need to trust, you just verify.
1:Decentralized witch is a new technology
2: There is a central authority or government that can control or manipulate.
3:Real time auditing and accurate tractability,among other benefits.
1. How does blockchain enable digital provenance?
Blockchain enables digital provenance by keeping track of the history of all transactions where nobody is able to remove data. This data is constantly accessible and verifiable by anyone.
2. Why doesn’t a normal database bring the same provenance?
A normal database is owned by a party (business, organisation, government, individual etc), who we have to trust. Meanwhile this party can alter, remove or add data and thus is there no way to verify if the data is correct.
3. Why is digital provenance such a great benefit to many businesses?
It removes the need to trust on anyone by relying on a system that can be verified.
How does blockchain enable digital provenance?
Blockchain enables digital provenance by hashing existing records with new records, to form temporal data integrity. It is a constraint mechanism that forms an immutable verification of state through time, attesting to origins and history.
Why doesn’t a normal database bring the same provenance?
A normal database, perhaps a standard SQL relational database, does not capture existing state (a summary of all records) along with new records using hashes that preclude tampering. By design, normal databases allow change, they are not immutable and they have no temporal integrity constraints like hashes needed to prove origins and history.
Why is digital provenance such a great benefit to many businesses?
Digital provenance substantiates product value claims and authenticity.
Businesses can use blockchain databases to boost reputation and to establish more sustainable growth.
Question 1
How does blockchain enable digital provenance?
Blockchain enables provenance by providing a ledger which is an accounting of all the steps which happen as the ledger is being created. It is un-editable so its possible to verify each and every transaction which occurs.
Question 2
Why doesn’t a normal database bring the same provenance?
A normal database could be hacked and altered or even even altered by someone with legitimate access to the database.
Question 3
Why is digital provenance such a great benefit to many businesses?
Its a great benefit because if any questions arise regarding the honesty of a companies accounting the questioner can simply be pointed to the relevent transaction in the blockchain and verify for themselves that business is above board and beyond repute. 
1 Like
-
Blockchain enables digital provenance by tracking the origin of the transaction, verifying it and does not allow any changes.
-
Other databases are run by a body, office or a company, in other words it is centralised and is subject to scrutiny, control, manipulation or many unanswered questions.
-
Digital provenance enables businesses to be absolutely sure a transaction has taken place, what the information includes, and that it is not subject to later changes or agreement problems arising.
Homework on Provenance - Questions
- How does blockchain enable digital provenance?
It is public, transparent and immutable. Because of it’s decentralized nature it is verifiable for masses. - Why doesn’t a normal database bring the same provenance?
A db normally belongs to a centralized organization or company. You have to trust the correct entries, retrieval and information, the central organization is giving you, because it is normally not transparent for masses. - Why is digital provenance such a great benefit to many businesses?
Direct verification saves money and time.
Prevent wrong information and misinterpretation by 3rd parties, because ongoing verification possibilities
Answers to homework.
1.Blockchain let’s say brings transactions and accounting in one and digital provenance enables to trace the origin of transaction making it transparent and efficient to look through.
2.Normal database can be manipulated by it’s owners.
3.You can remove trust in any equation and find answer from provenance, so by being honest business can built trust through by being transparent with digital provenance. Also accounting will be so much easier, efficient and time saving.
- The blockchain is a public immutable ledger, it can be traced. This enable us to track the provenance of a transaction.
- A normal database is centralized and does not always share its information (Info Silo).
With information silos we can’t trace transaction therefor we cannot prove its provenance. - Because it increases transparency, efficiency and it provides real time auditing.
-
Blockchain enables digital provenance by continuously writing, maintaining, and verifying an immutable ledger of transactions from when the Blockchain is started until it ends. Consensus is gained by various computers on the blockchain’s network reaching agreement and communicating it to other computers.
-
Normal databases are centralized, meaning they can be manipulated from a single point. The data on these databases can also be subtracted or changed, meaning there is no way to ensure that the data will remain consistent and unchanging over time.
-
It puts the power of information into systems that are objective and disinterested. In this way, we do not have to rely on humans to provide us with factual financial information. I am not sure this is a benefit to many current businesses, but it will be a benefit to the way businesses should be, the businesses of the future.
-
How does blockchain enable digital provenance?
Public transparency of all actions with consensus. -
Why doesn’t a normal database bring the same provenance?
You can change data with no audit trail. You have to trust corruptable 3rd parties. -
Why is digital provenance such a great benefit to many businesses?
Single source of truth eliminates duplication, corrruptable and error prone alternatives. It’s real-time efficient.
-
Blockchain allows for digital provenance by leaving digital footprints of information on every transaction, which can not be removed, thus allowing for a trust-less information storage available to the public.
-
Because in a centralised system, a lot of the variable information can be manipulated or changed to someones benefit, especially ion a corrupt government where the figure in the centre has the wrights to information.
-
The largest benefit would be the process of auditing that would drastically change , making it more effortless and more trustworthy. Making the process much simpler and get rid of the need for physical material paperwork, receipts etc. The “trust factor” would be by far the most revolutionary change to most industries .
- Blockchain enables provenance through a mixture of immutability of timestamped data which is stored on the distributed ledger and verification of the identity of the users in the network through PKI. These two factors provide a verified and thereby trusted account of the transactions on the distributed ledger.
It should also be stated that this is the main argument against private blockchain networks, as the security needed for verification and immutability is more exposed to failure.
-
A normal database is unable to prove its authenticity due to its centralised and mutable nature. Therefore the data on a normal database can only ever be presumed to be correct.
-
Digital provenance allows for transparency in real time. This means that as a business owner you could potentially audit a new critical business partner before signing a contract to make sure the financial health of their company is good enough to not put your own company at risk.
You could also counter arbitrage in the market, though transparency within the entire supply chain - Looking at you FairTrade.
-
Digital provenance can be achieved due trustless transactions. The blockchain makes these trustless transactions possible there data can only be added, not removed (many copies around which verify added data/transactions).
-
A normal database isn’t decentralized and controlled due verification. Information can be removed and often it isn’t public/transparent.
-
If data can be tracked and verified there is no trust needed in a third party on the
reliability of this data and for example food business know which ingredients are in their products, where those ingredients come from and have been and even how they have been produced.
- Every transaction on the blockchain can be traced back. The blockchain is an open ledger.
- Normal data base is mostly centralized, owned by an entity and the data could be changed or deleted.
3.Traceable, verifiable, fast data