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How does blockchain enable digital provenance?
Blockchain is a public ledger where all transactions are visible, every transaction can be tracked and traced. This makes it trustless. -
Why doesn’t a normal database bring the same provenance?
It is not real time and it needs to be verified by an auditor. Can be manipulated and is based on trust. -
Why is digital provenance such a great benefit to many businesses?
Real time, more cost efficient and it is verified.
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Blockchain enables provenance by not only engraving information in stone, but in a network of “digital stones”, that is, computers. The network verifies the truthfulness of each node in the network, and allows auditors to verify the information at any time.
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A normal database doesn’t provide the same provenance because it relies on the trustworthiness of the person controlling it. It can be altered by a third party, since it is not verified by other nodes. The information that it contains can be removed or altered. Its’s not constantly verified by the nodes of a network.
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Provenance is a great value to many business because it allows the elements provided by their supply chains to be verified without the necessity of relying on trust.
- How does blockchain enable digital provenance?
The blocks of transactions is set in stone as soon as it is written in the blockchain and can’t be edited or removed. - Why doesn’t a normal database bring the same provenance?
Because the normal database is sentralized, and can be edited - Why is digital provenance such a great benefit to many businesses?
Because you do not have to trust anyone, everything in the chain is tracable and verified
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Every transaction in trackable and upon confirmation, unreversable, therefor verifiable.
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Decentralised databases are built on trust, and therefor lack the ability to be verified, and often come with less transparency.
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You are able to verify not only on step back, with is a great thing, but all the way back to the source, and remove the element of trust through verification.
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Once new block / transaction gets verified by nodes in blockchain it becomes set in stone.This ensures that data the chain contains is tamper proof and can be used for auditing and verifying data etc.
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Normal databases are less decentralized and usually controlled by some party. This party may edit, delete or add data at their own will. Also they can restrict or deny users ability to access that data.
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You don’t need third party to verify data. Business can track their own product data in chain and offer insurance just by pointing the specific data/hash.
- real-time auditing account and transaction layer
- decentralized auditable trustless
- able to trace products in a trustless environment
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Blockchain enables digital provenance because all transactions cannot be removed from the public ledger once the transaction takes place, it’s also an audit in real time once stored because transactions cannot be removed.
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Because a normal database can be erased due to not being decentralised, most databases are owned by a centralised authority. So they could change the data/transaction if they wanted to before a third party auditor could see the history, making it not a very honest system.
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Because it can eliminate a third party auditor reducing on costs, it’s self auditing in real time and a self governing system to track every transaction.
1 the ability to be trustless
2 Why doesn’t a normal database bring the same provenance?
2 you can only add transactions the account layer and tranaction layer are in one place
nobody can change it
3 Why is digital provenance such a great benefit to many businesses?
3 by the ability to track each transaction to its source
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Blockchain enables provenance by not only engraving information in stone, but in a network of “digital stones”, that is, computers. The network verifies the truthfulness of each node in the network, and allows auditors to verify the information at any time.
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A normal database doesn’t provide the same provenance because it relies on the trustworthiness of the person controlling it. It can be altered by a third party, since it is not verified by other nodes. The information that it contains can be removed or altered. Its’s not constantly verified by the nodes of a network.
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Provenance is a great value to many business because it allows the elements provided by their supply chains to be verified without the necessity of relying on trust.
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Blockchain enable digital provenance by transaction like a stone that cant be removed.
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In a normal database any transaction can be erased or if anything crashes it would be harder to trace any transaction.
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Digital provenance is a great benefit because of “TRUST”, it allows us to trust/verify others independent or keeps track in real-time.
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How does blockchain enable digital provenance?
Blockchain enables digital provenance by having a digital ledger inside the system that records data permanently. Just like in old days, people wrote on stones to keep their information from being erased. -
Why doesn’t a normal database bring the same provenance?
Normal database doesn’t bring the same provenance because it can be easily erased or tempered with. On other hand once something done on any blockchain it is “set in stone” and can’t be edited or modified. -
Why is digital provenance such a great benefit to many businesses?
Digital provenance such a great benefit to many businesses because it takes trust out and replaces it with verification. Businesses rely on trust in our society such as the food industry, by implementing digital provenance we are eliminating the fear with 100% verification process.
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Blockchain enables digital provenance through the use of an unchangeable database. Transactions are added but are not removable. Additionally every computer node has a complete copy of all prior transactions which are public and traceable.
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A standard database is editable. With the ability to remove or change prior transactions it is therefore potentially subject to manipulation.
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Digital provenance allows businesses to verify the ingredients of the products they are purchasing as authentic.
- Blockchain enables digital provenance through nodes having the ability to access the public ledger locally and entries to the block not allowing omission.
- Normal databases do not have network consensus on entires and omissions. There is also no transparency. The owner of the database has control over all data and actions associated with it.
- Digital provenance omits the need for trust, ability for real time auditing, and a complete historical record on all transactions.
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Because blockchain enable to track every transaction on the Network itself and cannot be changed by any entity
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a normal database can be changed by anyone who have enough skill to do so, and so i think the database can be corrupted
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because of the visibility it offers to their costumers (more “Trust” because of ability to proof where the goods realy came from)
- How does blockchain enable digital provenance?
Blockchain enables digital provenance by providing having a real time auditing. Let’s
people know where their money is at all times. - Why doesn’t a normal database bring the same provenance?
A normal database does not bring the same provenance because it is not as decentralized
and trust-less as the blockchain. - Why is digital provenance such a great benefit to many businesses?
Digital provenance is a great benefit being that it has a public ledger that endures real time
auditing.
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Since the ledger is distributed amongst computers worldwide, the public ledger is able to verify digital transactions and end fraudulent activity.
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A normal database is not a decentralized, public ledger like blockchain provides. A normal database has a level of trust involved, meanwhile blockchain allows the user to have a trust less interaction.
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Digital provenance allows a company to apply a trust less, verified system while limiting human interaction. This allows companies to display their transactions on a public ledger system while cutting down on man power.
How does Blockchain enable digital provenance?
The Blockchain being a public ledger and transparent, allows for all transactions to be traced and tracked in real time.
Why doesn’t a normal database bring the same provenance?
A normal database is centralized meaning it can be hacked, erased and altered.
These databases are also based on a Trust system ( third party involved), therefore it is an opaque system rather then transparency
. Why is digital provenance such a great benefit to many businesses?
Due to the transparency and being able to track Items and Transactions, every step of the way can be verified insuring the authenticity and validity of, eg: Transactions or Ingredients in food products, clothing and many more applications pertaining to trustless conduct and verification.
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Blockchain enables digital provenance because it is a DB on which transactions are being added (can not be removed) and consequently can tracked all of them (Provenance)
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Because normal database can be copied, duplicated or data can be removed
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Because all data can be verified. You do not depend on trust only on math. This reduces cost, empower freedom rights, empower security and its fully transparent!
- As as a decentralised public ledger, which allows new elements to be added while making modifications to older elements practically impossible, provenance or traceability is built into the system.
- A normal database can be accessed and manipulated, as it is generally not distributed in any meaningful way. This means that provenance, has to be trusted on faith, it can’t be guaranteed.
- Digital provenance is a great benefit to many businesses because it provides trustless, efficient traceability. Which means that they don’t actually have to trust their clients (if they are using blockchain to guarantee provenance), reducing the risks and costs of transactions.
- How does blockchain enable digital provenance?
Digital Provence is actually the digital origin of a product which can be tracked on the public ledger of the blockchain it is written. This means that every input in the public ledger can be seen by everyone who runs a note in the ledger and as a fact can’t be deleted by anyone. So through the blockchain which is like a digital stone we make inputs of databases in the network which stay forever and can’t be chanched, plus we have real time auditing of all inputs which makes the network be updated in minutes, seconds, ms, as fast as the blockchain confirmations are.
- Why doesn’t a normal database bring the same provenance?
A normal database can be chanched, lost or even overwritten and can’t be 100% trustworthy.
- Why is digital provenance such a great benefit to many businesses?
Digital provenance is a great benefit first of all for the consumer and then for many businesses that want to work with other businesses. This is because the blockchain gives the trust which in other cases you don’t have and this is because of the verification that the open bublic ledger provides you with.