-
Real-time auditing can be done on the blockchain. Accouting layer and transactional layer are united.
-
Because the accounting layer and the transactional layer are completly separate.
-
It generates perfect tracking information about a product that goes throught a supply chain. Businesses are capable of removing trust inside their industries ( eradicating human manipulation of the information ).
1 Like
1. How does blockchain enable digital provenance?
Blockchain provides a trustless environment, where it is easy to trace financial transactions and a wide variety of processes to ensure they are being true to their word, when in traditional sectors there is plenty of room for corruption and manipulation.
2. Why doesn’t a normal database bring the same provenance?
Because when a database is controlled by a centralized organization, it may be manipulated in a way that benefits their personal interests, while others may be seriously affected.
3. Why is digital provenance such a great benefit to many businesses?
It is very cost efficient, eliminating unnecessary losses and middleman fees
1 Like
-
Blockchain is decentralized which means there’s no need for the government to verify any transactions. Similarly, provenance is all about being able to track financial transactions, leaving no room for trust issues. Every transaction is in the record and people can verify it. So blockchain enables digital provenance as its decentralized and able to track and verify transactions.
-
A normal database can be a collection of any data or information whereas blockchain is completely the opposite. In a normal database, you can add or remove data or information anytime but in blockchain, you can only add information but cannot remove it.
-
Digital provenance is a blessing to many businesses as it erases the term “trust” and introduces the term “verify”. Normally business owners trust their suppliers because they don’t really know about what ingredients are really present in a product and what is not. But by digital provenance, you can track all the information and verify it by yourself instead of having to trust someone. For this reason, digital provenance benefits many businesses.
1 Like
1. How does blockchain enable digital provenance?
- Blockchain enables digital provenance because the internet (computers around the world) provides the backbone of information instead of a website or company. Everything is listed on a public ledger that can only be added and never removed. Acts as a sort of digital history book.
2. Why doesn’t a normal database bring the same provenance?
- A normal database does not bring the same provenance because it can be manipulated.
3. Why is digital provenance such a great benefit to many businesses?
- It can provide a sense of trust for the customer knowing the history of the goods. In something like healthcare, this can be very important for supply chain.
1 Like
1.Allows block chain to be trust less in a decentralized manner.
- A lot of trust is required in a normal database, meaning a central gov’t or entity can modify it.
3.It makes things trust less allowing ppl to take advantage of it.
2 Likes
- How does blockchain enable digital provenance?
- Blockchain is a big database where transparency is a priority. That allows the provenance to be accessible to anyone. Nothing can be copy/paste and nothing can be edited once it is accepted.
- Why doesn’t a normal database bring the same provenance?
- The normal database cannot bring the same provenance because it can be human-managed. Once it is managed in that way the transparency will disappear.
- Why is digital provenance such a great benefit to many businesses?
- The biggest benefit is that the companies will have the transparency and the real-time tracking of their money. They will not have to trust a person or an institution to manage their funds.
1 Like
- How does blockchain enable digital provenance?
- By utilizing the public ledger to track transactions within a given blockchain system. The decentralized nature of blockchain allows transactions on the public ledger to be audited and verified by any node (miner) to ensure digital provenance.
- Why doesn’t a normal database bring the same provenance?
*Normal databases are generally centralized and require trust to be given to a centralized entity such as a government or company. A normal database is generally private and hence does not allow any random external entity to access the database to perform verification and ensure provenance.
- Why is digital provenance such a great benefit to many businesses?
*It eliminates the need for trust as it provides businesses with transaction systems that are public, decentralized, and verifiable to all users.
1 Like
-
The blockchain through his network gather all the data of all financial transaction in real time. Data that can’t be erase or manipulated by one party.
-
Because regular database are centralized. The informations are easily manipulated and it is harder to verify for the average persons.
-
It enable real time audit. You don’t have to trust you can verify !
1 Like
- Blockchain keeps a ledger of all transactions which cannot be deleted, so the origin of all transactions is protected.
- A normal database is far less refined than blockchain. It is easily manipulated, which voids any real credibility.
- It is possible to verify sources for your products, thereby eliminating the need to trust suppliers.
1 Like
- Blockchain enables digital provenance by tracking in real time.
- A normal database does not bring the same provenance because it is not decentralized and therefore is not immutable as the blockchain is.
- Digital provenance is a great benefit to many businesses mainly because it is trustless. As the crypto community says: “Don’t Trust” -> VERIFY.!!
1 Like
1- Blockchain enables digital provenance by achieving a trustless environment between users on the network. This trustless environment is achieved through the math and scientific methods implememnted in blockchain such that every transaction or every state in the blockchain can be verified up to the source of origin. In other words, any transaction on the blockchain can be audited in real time.
2- A normal database does not bring the same provenance because that database may be controlled by a central figure that can add and remove information from the database. Whereas in blockchain, information can only be added and cannot be removed because all of the data is decentralized and every node in the network stores its own local copy of the public ledger.
3- Digital provenance is a great benefit to many businesses because the tracing and tracking of information on a public ledger will allow for the existence of a trustless environment between businesses, where the businesses can simply verify information or transactions up to the source of origin
1 Like
- each transaction is verified by the network.
- a normal database requires participants to trust third parties making entries into that database.
- digital provenance allows the business to operate more accurately, and efficiently. They can audit themselves in real-time.
1 Like
- The blockchain enables digital provenance by using a network of computers that are separate and decentralised to confirm each transaction only if that transaction makes sense to all the computers/nodes that are verifying it. This is a decetralised way to create trust.
- Any normal database would be in the hands of some person/s or organisation that would have the potential to manipulate it and therefore you would have to place trust in those people or institutions.
- Once you know that the process of transferring value or actually any kind of information is trustworthy then you can instantly have more confidence in using that process. Both sides of each transaction should feel secure.
1 Like
- Blockchain allows to track the provenance of a transaction. Every transaction is written on the blockchain and cannot be removed (immutability). Blockchain is an open ledger where every transaction can be traced back.
- Because in a normal database, a transaction can be added, changed or deleted. If the database crashes, data can be lost.
- Because it provides the possibility of real-time auditing and accurate tracability, among other benefits.
(to be honest I copied most of the answer as I see hundreds of them and quite a few have better wording than I could come up with myself 
)
1 Like
Nice of you to admit 
but I suggest you try to answer the questions as much as you can by yourself to consolidate your knowledge if though you are not sure, there is no harm to take a peek at other answers 
1 Like
-
How does blockchain enable digital provenance?
By enabling tracking of every transaction , so you can always track its origin and also deny content deletion. -
Why doesn’t a normal database bring the same provenance?
Normal database is centralized while Blockchain is decentralize , so every node on blockchain can confirm provenance itself making it more secure and verifiable. -
Why is digital provenance such a great benefit to many businesses?
Businesses will no longer have to trust the origin of assets since blockchain will be able to tell exactly its real origin as a fact.
2 Likes
- Blockchain enable digital provenance by using a decentralized ledger network of copies of the blockchain in which data can be added but cannot be edited or removed. This network will maintain the blockchain by adding more data to the blockchain, verify the validity of the blockchain, and the validity of the transaction’s funds.
2.Normal database is:
- Centralized entity that will need to be ‘online’ with healthy performance capabilities in order to support the network 24/7/365.
- Data can be manipulated by editing. deleting. truncating, etc.
- Requires additional layers of security against attacks.
- Doesn’t support provenance out of the box.
- Isn’t publicly available.
- Digital provenance increase the following to the business. and his clients or target population:
- Provide ‘trust’ by supplying traceability to the specific entity’s source.
- Real time analysis of the market…
- Data can be compared to different time-stems within the blockchain.
1 Like
-
The fact you can’t delete data in the blockchain and its decentralized network makes it possible to enable digital provenance. The decentralization makes is trustless, because each network validator has a copy of all transaction so far, so it’s immutable.
-
Because you need to trust a company that is working on the database. So there is no 100% guarantee that they don’t manipulate the database.
-
Because it provides real time data for traking and auditing. Also more transparency for consumer in order to know what you get served.
1 Like
- By being a decentralized ledger that records all transactions in real-time to the public.
- Normal database can be tampered with.
- It opens transparency between businesses by showing trustworthy data.
2 Likes
- How does blockchain enable digital provenance?
Due to a decentralized public ledger, everything is traceable and will be secured in the blockchain.
- Why doesn’t a normal database bring the same provenance?
A normal database could be copied, removed, destroyed, hacked and/or information fraudulently added/removed. Furthermore, the information might have not been stored further in the past, which might hinder the end client to see the entire supply chain. Additionally, you would need to believe what is written in the database, as there is no verification
- Why is digital provenance such a great benefit to many businesses?
It is based on verification and not on trust. Next to many different other benefits for companies/businesses, this would allow any business to work more efficient in a trustless environment.
2 Likes