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Decentralised , public and always available to everyone involved in the specific transactions. All data is verified , trustful and impossible to alter.
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Normal databases can be manipulated by the people responsible of maitaining the specific database. Another downside is that not all databases are accessable 24/7.
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Many businessess can profit from digital provenance by accessing the blokchain to check everything they need to know , it’s always available and they can trace everything they need to know about the specific transactions , products , … down to it’s origin.
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- all information is written down in the blockchain. i can take a look and see where things (money or items) came from. this information can not be removed, so it´s always traceable.
- becourse in a normal database i CAN change information.
- In businesses with a high demand of knowing where the ingredients come from - such as food - there is a great benefit from trust. digital provenance can deliver that trust.
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- Blockchain enables digital provenance by allowing anyone the ability to track any sort of verified data. With financial transactions, anyone can see where money is being spent because of how the blockchain combines the accounting side to the transactional side of a business.
- Right now, normal databases are too disconnected in a business. They have to hire somebody to tie the information of accounting/invoices and payments received together, whereas the blockchain will do this for us by allowing both sides to sync up in real time, and be combined all into one single transaction.
- On the business side of a business, money flow will become more organized and up to date. For people with food allergies and having confirmed data open to the public regarding food ingredients, companies and customers will be much more relieved when providing shoppers with verified ingredients on every kind of food - something I am glad is happening!
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- It is tamper-proof and trust-less.
- It is under the control of one person/group/organization and can therefore be altered or wiped out
- It allows many to view one chain of events, from the same data flow, establishing common ground and functionality between groups.
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- By using an immutable distributed ledger where all transactions are recorded such that anyone can track where items on the block chain have come from and track all their movement.
2.A normal database has a point of failure as it is centralized and it can be altered/compromised - It can allow business to move from a relation with customers based on trust in the brand to a relation based on trust in the digital blockchain and mathematics.
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How does blockchain enable digital provenance?
Through a trust-less public ledger where information is immutable but traceable by default. -
Why doesn’t a normal database bring the same provenance?
A central authority is in charge thus has the ability/power to modify, manipulate or handle the data as it sees fit. -
Why is digital provenance such a great benefit to many businesses?
Real-time auditing and accurate tractability by anyone at any time.
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Homework on Provenance - Questions
- How does blockchain enable digital provenance?
It provides a way to add data but not remove data, all without 3rd parties - which make it decentralized.
Being decentralize on thousands of computer nodes makes it safe from being hacked, or altered, thus gives data “realtime” tracing credibility.
The immediate availability of immutable encrypted data in itself enables digital provenance.
- Why doesn’t a normal database bring the same provenance?
Normal databases run on central authority that hold the keys to the data, and either them or admin can alter it, enter it wrong, and or get hacked.
Normal databases can also CRASH and eliminate any prayer of trustlessness. Kind of hard to verify when all your sh*t just crashed.
In normal databases - data is segmented in applications which make them a multi step process - ex. Normal process segmentation…
- Transaction
- Invoice
- Find the data
- Then do accounting
Blockchain - transaction, invoice, accounting, all one step - WhaLa!!!
- Why is digital provenance such a great benefit to many businesses?
Take manufacturing for example and tracing suppliers raw materials quality, quantity, location, availability, and expected delivery - would jumpstart and re-assure the whole manuf. Planning schedule and end customer satisfaction protocol.
By adding a detailed and reliable efficiency “realtime” tracking system, you should be able to expect optimal employee organizational output, thus optimizing production times, reducing costs, add safer working conditions, decrease and eliminate waste; reduce product failure-returns- and remake; and somewhere somehow it should equate to a better working environment and earthly environment.
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How does blockchain enable digital provenance?
Blockchain can enable provenance by adding each transaction or event (where “event” could be picking a vegetable or delivering raw materials to a factory) to a public distributed ledger, and those transactions/events cannot be undone. That ledger can then be verified by the public (by nodes on the blockchain).
Why doesn’t a normal database bring the same provenance?
With a normal database, users must trust the data being presented and trust that data has not been removed or copied. The requirement of trust is removed if using blockchain.
Why is digital provenance such a great benefit to many businesses?
Examples: 1) Businesses that have high standards (organic, ethically sourced etc.) can prove to customers the quality and story behind their goods/products. 2) Businesses stand to save a great deal of money by cutting out unnecessary services that can be driven by blockchains, e.g. accountancy and auditing practices. There would be no need for expensive auditing services if transactional data was added to blockchains (real-time, verifiable audits would be possible). 3) Employers can quickly verify education certificates. And many more use cases……
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Homework on Provenance - Answers
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How does blockchain enable digital provenance?
Answer: All transactions are traceable. Transactions cannot be removed, only added so nobody can go and tamper with the data. -
Why doesn’t a normal database bring the same provenance?
Answer: Somebody could go and tamper with the data. There are no other databases there to validate the data. -
Why is digital provenance such a great benefit to many businesses?
Answer: It removes trust. “Don’t trust, verify!”
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I was happy with my own answers until I read yours 
Hey @bdoherty. Thanks mate. You said the same as I did in far fewer words so that’s a win in my book. 
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Blockchain is like a digital stone - you can always add information, but never delete it. That is why you can track/ trace everything ever written in the blockchain.
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A normal database usually enables some people to be able to delete or change information. That way it can’t ensure the same provenance as a blockchain.
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Digital provenance benefits businesses, where it is important to know provenance but often difficult to achieve - such as supply chains. Ivan gave the example of foods and clothing. But also for medical supplys where there is a great danger of counterfeits, this can be incredibly helpful.
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- How does blockchain enable digital provenance?
- Blockchain is a distributed immutable ledger that contains all the changes ever done to the given piece of data (so they can be tracked all the way back to the very beginning).
- Why doesn’t a normal database bring the same provenance?
- Normal database doesn’t work in a decentralised way and it can be easily modified by the entity having access rights to it (so, to put it another way -> it’s not immutable and therefore it can’t be trusted to the same extent as distributed ledger like blockchain)
- Why is digital provenance such a great benefit to many businesses?
- It enables business to build trust among the customers (who can be sure that the product they’re buying is genuine, for example, or that it’s been manufactured in a specific way)
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Blockchain permanently records every transaction without the ability to edit or remove information. This allows for public verification.
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A normal database can be edited and manipulated to be in line with what the company wants the consumer or public to see. And is in most cases unaccessible for the public to track or verify.
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Digital provenance allows for transparency and for the public and consumers to verify with accuracy.
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- How does blockchain enable digital provenance?
- Audit is within the transaction.
- Why doesn’t a normal database bring the same provenance?
- You need to provide a separate audit to verify the transactions.
- Why is digital provenance such a great benefit to many businesses?
- It eliminates the need for trust and audits because they are built into the transaction. Anything can be audited and verified by anyone and anything can be traced back to its origin in real time.
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- Blockchain is a ledger where every piece of data can be traced back to the very beginning, but can not be removed nor can be altered.
- Because in normal databases the data can be easily removed, tempered or even be lost.
- All data is easily traceable which enables the businesses to build relationships on proven information instead of asking customers/ other businesses of blind trust.
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- By sending an trusted information and be transparent on any date recorded
- Because the trust is not as sure as blockchain where the data records everything and stay transparent to it’s user.
3.It is a main benefit for them because of the trust level that now is data.
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1.It enables it by being decentralized, open and public you don’t have to trust it. You can verify it.
2.Normal database can be access and changed, when blockchain can’t. There is a trust issue with normal database whoever is behind it.
3. The biggest benefit is transparency, that allows the user to get confidence and safety in regard to the product he is interested in.
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Blockchain enables digital provenance by using a distributed ledger architecture where all the participating nodes do have all transactions data and hence, can locally and independently verify whether a new claim/transaction possible (does have sufficient balance in account) or not.
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A normal database is centrally administered and hence, can be corrupted by the ones controlling it.
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Since no human intervention is possible, hence no corruption is possible. The transaction is verified individually and independently by most/all nodes. This gives power to businesses not to need an audit, complex financial systems and all.
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- How does blockchain enable digital provenance?
Since blockchain can provide decentralized immutable public history of transactions everything can be traced. - Why doesn’t a normal database bring the same provenance?
Values in normal databases can’t ever guarantee immutable data in the same way as a decentralized system with shared “blocks” can. - Why is digital provenance such a great benefit to many businesses?
Real time automatic auditing could be brought into businesses to allow them to focus more on their core function. No need to trust third-party, clients etc. Everything verifiable on-chain.
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