1.It enables it by having most of the same fonctions of the previous blocks so it can track the tx
2. Because the blocks in the blockchain are not a simple database, they are immutables and public
3. Because they can proove what they promise to their costumers and is easy to verify by costys)
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Provenance is a benefit of blockchain technology
Since Blockchain is a network of computers that make blockchain possible.
It’s like writing data in real time of all the transactions that happen on a digital stone data base where you can only add data and cannot delete it or duplicate it. All the transactions and data that’s in the public ledger could be encrypted and is auditable but still very open. It is Trust less and verifiable. -
Normal data does not bring the same provenance because it has trust and opaqueness when it comes down to content.
3.With digital provenance we can put the accounting layer together with the transactional layer and make the financial process so much more efficient thus having a trust less & verifiable data which is very open & still having an aspect of audibility infused in the ledger.
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How does blockchain enable digital provenance?
Blockchain technology enables digital provenance because the verified transactions in the blocks linked in a chain are public and (again) verified. Meaning that you do not rely on trust in a party that says they will, have or did something. You can verify by checking the blockchain (where all information is set in stone) that this party actually did something. -
Why doesn’t a normal database bring the same provenance?
A normal database is controlled by a centralized power/party. Meaning that this power/party can choose to bring out the information to the public that they want to share! They can for example share the positive things and hide/erase the negative information. On a blockchain this is not possible since you can only add information. Which will be verified by multiple decentralized powers. -
Why is digital provenance such a great benefit to many businesses?
I think digital provenance is such a great benefit to many businesses that are genuinely proud of their own performance and they want people to verify this. And if people can verify the information for themselves in real time the support towards those businesses will grow. While support towards businesses who can not be verified (and for that reason can not be trusted) will go down.
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1. How does blockchain enable digital provenance?
Blockchain is a ledger consisting of verified block, which are transactions publicly verifiable and irrefutable.
Blockchain enables provenance as each transaction can, not only provide accounting side of transaction (value, math), but also includes the transactional data of that operation. In our present financial system accounting and transactional layers are not available in one record.
2. Why doesn’t a normal database bring the same provenance?
Because currently existing databases can not compare to blockchain registry. There is no ledger or network of nodes to verify transactional data or include it into basic database.
- Why is digital provenance such a great benefit to many businesses?
Saves time and manpower - verification of data and transactions is done by blockchain network.
Removes “trust” aspect from equation as we can trust in data verified by embedded provenance.
When we can trust-less, we spend less energy and funds on “proving” that data we are presented is actually correct!
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1. How does blockchain enable digital provenance?
Blockchain allows to track in real time auditing(provenance) of a transaction. The transaction written cannot be removed (immutible). If it’s an open ledger, people or participants can verify and can trace back the transaction.
2.Why doesn’t a normal database bring the same provenance?
Normal database, transactions can be removed or erased. data can be lost and it’s more difficult to trace back transactions. the accounting layer and the transaction layer right now are completely separate.
3. Why is digital provenance such a great benefit to many businesses?
It is able to track origins /initial transactions or data. For example materials/ingredients that manufacturers put on label of their products. Also can put together the accounting layer and transaction layer.
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By keeping a digital “stone” ledger individuals are able to perform audits in real time. Each of the nodes verifying the completeness of the ledger allows for trustless use of the protocol.
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Normal databases are subject to lack of real time audits, and also require complete trust of other parties.
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Provenance will provide more efficient data flow and eliminate processes that don’t give any value to the economy. Additionally it will allow for exact tracking of supply chains in an auditable and proficient manner. This will lead to further transparency during business deals.
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A blockchain creates a shared digital ledger that works together to verify transactions using a consensus of decentralized networked computers.
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A single database can be changed, audited, muted, and corrupted. A group that shares a recreated database can not. Data becomes incorruptible.
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It allows the ability to track and trace supply chains, perform peer-to-peer transactions. Which disintermediates centralized governance. The possibility of increasing inefficiencies when applied to any function human error, or human intent, are removed through automation.
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1.How does blockchain enable digital provenance?
Provenance allows us to track every item every ingredients, that allows use to get ride of the word TRUST. It is impossible to erase anything on the blockchain so the blockchain can not cheat.
2.Why doesn’t a normal database bring the same provenance?
The power of the blockchain is that nothing can be erased so what we see is what we see. If a transaction happened we can all verify it. That is the difference.
3.Why is digital provenance such a great benefit to many businesses?
Thanks to provenance on the blockchain we can erase the word TRUST. We cannot cheat on our passed or on a transaction we’ve made. So this is great if a new company wants to do buisness with you they have a tracking record and they do not need to trust you. They now what you’ve done or didn’t do.
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- Blockchain enables digital provenance by being truly decentralized. With true decentralization blockchain wont allow the tampering of transactions or data.
- A normal database is centralized which allows administrators to be able to alter data.
- Digital provenance is a great benefit to business because it allows the consumer to be able to track and verify where their product came from and its legitimacy.
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Blockchain data is verified origin of data in sequential order without third party interference (control). The block chain is automated and is verified by checking the new data against verified block of data in the chain.
A normal data base is automated, control by third party for verification of data, thus there is no trustless fact checking because a normal data cannot check it’s self it must be examined by outside party manually.
The provenance of data (digital) is verified though the blockchain algorithm (no human control) ie trustless in real time data management in sequential order verified tracking data and again verified. Layers provide further spread sheet of data to summarize into each it’s categories of the data needed.
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1. Blockchain enables digital provenance due to the fact that it is a public ledger. The transactions are traceable and not private which makes it easy to verify who does what. It is important to refer and know what provenance means, which is just the beginning of something, and in this case, it’s a
digital record. The database administrator is trusted to provide the legitimacy of the beginning of the record and therefore changes are required afterward by the database admin or other users.
2. A normal database does not provide the same provenance since the database administrator is trusted to input the correct data in the beginning. Errors may be found later on by users that must be manually fixed. For example, in a normal database, whatever information is provided to the database is dependant on the information supplied by the admin. Users can use the SQL SELECT statement query which allows the user to choose data and return it from the database to an application. Users can run a Trigger: a unique kind of stored procedure that is performed mechanically when an insert, update, or delete operation is running or when a Data Definition Language statement gets performed on a database.
3. Digital provenance is a great benefit to many businesses because there are transactions that need to be audited to prove that it is legitimate and blockchain will make this process more productive. Auditing is depended on by many companies.
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- the ledger/database is unchangeable
- can be manipulated by an authority
- it gives transparency to the system
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Homework on Provenance - Questions
- How does blockchain enable digital provenance? Track each step along a process by using blockchain. It can not be changed so have an immutable record.
- Why doesn’t a normal database bring the same provenance? Databases can be edited, blockchain is immutable, or can not be changed.
- Why is digital provenance such a great benefit to many businesses? Able to have provable history of a process for the consumer
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Homework on Provenance - Questions
How does blockchain enable digital provenance?
By providing a verifiable ledger, a critical foundation for accessing authenticity and enabling trust
Why doesn’t a normal database bring the same provenance ?
A normal database can be easily accessed, and information can be removed .
Why is digital provenance such a great benefit to many businesses?
*Businesses need to be able to provide evidence as to the origin of their artwork. They have to be transparent about how the food was raised, grown, or caught. The blockchain is able to provide verification on their public ledgers. The blockchain will dramatically reduce costs for the company and eliminate the need for auditing.
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1: Blockchain technology enables digital provenance by creating an account of ownership which is permanent and immutable. Information written to it can not be removed or altered and is verifiable by anyone in realtime, thereby creating a trustless environment.
2: Normal databases cannot provide digital provenance as they are alterable and their operation is controlled by a select few whom have to be trusted.
3: The fundamental benefit is the removal of trust. Trust is the key problem in the digital world, blockchain technology seeks to solve that problem.
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1.How does blockchain enable digital provenance?
The blockchain is a decentralised database. Only Adding to the blockchain is allowed.
You can´t remove or change date because every transaction stored in the blockchain
(aka Ledger) needs to be verified and confirmed by all Nodes in the network.
Therefore it is possible to track and audit every transaction at any time.
- Why doesn´t a normal database bring the same provenance?
A normal database is centralized and has a owner or a group of owners and administrators.
That makes it vulnerable to the interests of sb or technical faults where entrys can be changed.
Because there is no controlling instance like on decentralized blockchain,
where entrys cannot be modified without consensus of all participants.
- Why is digital provenance such a great benefit to many business?
It can be applied not only in financial enviroment where it combines
the accounting layer with the transactional layer.
In Real World situations you can apply it for example:
for tracking of ingredients of food or medicine, industrial components,
patents, voting procedures, postal services, clothes or maybe enviroment certificats.
The tracking ist fast and there is need of trusting a person or another entity,
because this process is done verifiable, non corruptable and with lesser fee digital on blockchain.
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- How does blockchain enable digital provenance? Blockchain enables digital provenance by combining accounting with transactions. Creating a trustless ecosystem.
- Why doesn’t a normal database bring the same provenance? Normal databases require manual accounting and transaction audits which can be easily manipulated or have human error.
- Why is digital provenance such a great benefit to many businesses? Provenance provides businesses with transparency on product production to ensure ethical sourcing.
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- How does blockchain enable digital provenance?
Blockchain enable digital provenance using math and cryptographic stuff for guarantee the security of all the system, code word–>Trust-less - Why doesn’t a normal database bring the same provenance?
A normal database, a centralize database could have problem with manipulation or human error. - Why is digital provenance such a great benefit to many businesses?
It’s benefit can bring quicker and more efficient production and distribution systems and for keep track of every product: from the creation to the client.
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Homework Assignment: Provenance (Answers)
1.With real time auditing.
2. Because of their separation of accounting and transaction.
3.It brings together accounting ledger with transaction ledger, giving it real-time auditing for more efficiency.
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1- Blockchain enables digital provenance by creating a publicly-verifiable record of transactions between entities.
2- Normal databases are typically not publicly verifiable and they rely on the trust in the accuracy of the information given by different entities.
- Digital provenance offers the opportunity to ascertain the origin of materials, resources, supplies that are used to create products in various industries and a record of how they are passed down the supply chain.
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