-
How does blockchain enable digital provenance?
Blockchain creates a public ledger where records cant be manipulated or erased. -
Why doesn’t a normal database bring the same provenance?
You would need to trust the database owner and it cant add realtime auditing. -
Why is digital provenance such a great benefit to many businesses?
All transactions can be traced audited and tracked in realtime.
The process is much more efficient and it is Trustless with blockchain (Dont Trust Verify)
- How does blockchain enable digital provenance?
Blockchain is a public ledger which can be verified by the public. It can do real time auditing.
- Why doesn’t a normal database bring the same provenance?
Normal database seperate the transition layer and the account layer. We have to trust the database owner and database auditing.
- Why is digital provenance such a great benefit to many businesses?
Since a digital provenance can track and check the provided information. For example, it’s useful to check the porvided ingredents in a food.
-
Blockchain is a database to which you can only add data. You cannot remove or change data.
-
Unlike a “normal database” involving people and potential corruption/manipulation of data, the network of computers running blockchain creates multiple copies of a transaction, accountability, verifiability, and makes the database trustless.
-
Real-time auditing is available using a “public ledger” in which all transactions are traceable and verifiable. Math and technology are combined to verify things, not mere dependence on trusting a business/company.
Thx a lot @Alko89 but then saying that Blockchain, as it is, can revolution supply chain is not entirely correct, no? By itself it can prevent modification when info are entered, but it does not provide complete trustlessness. If we are talking only about digital funds it is really limited. I will check origintrail, thx a lot for the advice. Have a good day
Well if something is not possible at the moment it doesn’t mean it won’t be in the future. There are a lot of other projects that try to gather real world data in a decentralized manner to be available to smart contracts on the blockchain, but its not easy. In fact this problem is so big it has a name: The oracle problem.
There are countless projects tackling it with various degrees of success. The most well known being Chainlink.
thx a lot @Alko89 for your time. It s nice to have your insight. A last thing Do you have reading material about this Oracle Problem?
-
How does blockchain enable digital provenance?
Blockchain contain ledgers that keep track of all transactions -
Why doesn’t a normal database bring the same provenance?
Entries in a normal database can be modified or erase. -
Why is digital provenance such a great benefit to many businesses?
Digital provenance makes real time auditing possible and simple
- All transactions are available to be verified by anyone.
- Normal databases are designed to allow past data to be altered.
- Digital provenance allows businesses to provide verifiable ledgers.
Hmmm, I don’t have any specific articles in mind, but there are a lot of resources about it online if you google it.
- Blockchain enables digital provenance due to the nature of the system, you can only add data and it can’t be deleted (immutable) the data/transaction has to be verified by several other computers all of which is on a public ledger which means everyone can see what has happened and when in real time so there is complete transparency.
- A normal database cannot bring the same provenance because data can be removed, deleted, manipulated. The majority of normal databases are also only seen and used say in a company in a certain department, so only accessable to a small amount of people. What is changed on a normal database is not necessarily updated in all other databases in real-time like Blockchain. On other databases there is a lack of verification of the information put, can input mistakes.
- Digital Provence is such a great thing for businesses because all transactions are in the same place meaning accounting is made easier if all transactions and info on the transactions are in the same place, saves time, energy and money. Also it removes trust, trust that a company is sourcing their product from where they say because of the transparency of the public ledger (Blockchain) everyone can see for themselves, quality assured!
-
How does blockchain enable digital provenance?
With blockchain being a digital ledger where data can only be added and not removed, one can see and verify all past transactions.
-
Why doesn’t a normal database bring the same provenance?
In a normal database, previous data can be altered, deleted or modified, which is not possible on the blockchain.
-
Why is digital provenance such a great benefit to many businesses?
Digital provenance allows trustlessness, so businesses do not have to build on trust but can verify the necessary information themselves.
Blockchain is a public ledger. Being transparent it allows the collection of PCs on the network to track the provenance of a transaction. Every transaction is written on the blockchain and like writing on a stone cannot be removed and every transaction can be traced back.
In a normal database, a transaction can be edited, removed or erased. As a central database can crash and data can be lost. It also equires third party involvement for auditing and transaction verification.
It provides the possibility of real-time auditing and accurate traceability. Trust is inherent. Effective, efficient, secure, reliable, transparent.
- How does blockchain enable digital provenance?
Blockchain enables digital provenance because blockchain works as public ledger so information can only be added to the blockchain not deleted or edited since every ledger has acces to the database and therefor can audit the information in real time.
- Why doesn’t a normal database bring the same provenance?
in a Normal database people which has access are able to edit and audit the information and may not allow it to be audited or accesed by public, because the accounting information is not present in transaction.
- Why is digital provenance such a great benefit to many businesses?
Many businesses are reliable only on trust between each other, Digital provenance is benefit because the businesses has access to the information about every ingredient, material, information etc. the manufacturer (partner) they do business with use, and therefore the business is 100% sure about the transparency between them because everything can be verified. And the clients of the business is certain about the quality/information of the product they use or buy
-
It creates a digital database that can only have transactions added and not removed allowing end to end tracking in a trustless environment where the transaction needs to be verified by the network of nodes confirming the transaction is added to the digital ledger that is blockchain.
-
A normal database can be altered or manipulated, where the blockchain cannot be edited and only added to making it immutable. The verification of the transaction, by the nodes in the network, allows for real-time auditing of the transaction on the blockchain ledger.
-
Digital provenance has many benefits from tracking components, to shipping logistics, and verifying smart contracts, outside of the financial implications such as real-time auditing, and payments.
- All financial transactions can be traced in the public ledger. The blockchain is verified by the nodes in the network. Only transactions can be added in the blockchain, but cannot be deleted.
- A normal database is not verified in a network of decentralised blockchains. Also transactions can be deleted, edited, etc.
- You can track all transactions real time, everything is accessible to an auditor, you can make transparency to the products, ie. it’s public.
1- Blockchain enables digital provenance by making the data available on public ledger in a trust-less manner.
2- The traditional databases are not decentralised are controlled by centralised authority and therefore lacks the same credibility as in blockchain.
3- The business can trust the authenticity of the information and it is also quick to verify/store information in real time
1- The blockchain is an open public ledger where all the transactions can be tracked. Also after a transaction is added to the blockchain, it can no longer be removed, therefore all the transactions can be digitally traced.
2- A central database can be modified by the organisation/ government which control it and it is not open to the public. Therefore, the public is not able to verify the transactions and has no other choice but to trust the central organisation.
3- In a central database, the public is not able to verify the transactions and has no other choice but to trust the central organisation. However, in the blockchain, all the transactions can be traced. This could make tracking of good and services 100% reliable so businesses could be able to perform real time auditing which will have a huge benefit for them.
Homework on Provenance
Q: How does blockchain enable digital provenance?
A: It allows for real-time transaction verification by creating a document often called a ledger, which is stored on a servers in a database that only allows for the addition of information.
Q2. Why doesn’t a normal database bring the same provenance?
A2: Blockchain is a coding language to create databases that store transaction history. Each transaction is logged and cannot be deleted as well as being cross analyzed by other copies of the transaction history stored on multiple servers. Databases that aren’t built with blockchain are editable and don’t cross-reference copies of the document on de-centralized servers.
Q3. Why is digital provenance such a great benefit to many businesses?
A3: If blockchain is applied to the functions of a business, there will be an unfudgeable record of all activity and real-time auditing for every or any function of the company that utilizes the blockchain database.
1.Blockchain enables digital Provenance by being able to see the origin of a product that is received for example cloths and food indigents.
2. Normal data bases do not bring the same provenance for the soul fact of personal gain in centralized industries.
3. It is great for businesses because the consumer will be able to verify what is in a product or where it is coming from. Which in fact enables more trust because there is proof to verify that it is what one is receiving.