Homework on Provenance - Questions

Blockchain and Bitcoin 101
#3632

  1. Blockchain enables digital provenance as a “digital stone”: a permanent and immutable ledger that accounts for all transactions in a trust-less fashion.

  2. A normal database does not bring the same provenance because data can be edited, deleted, altered, or lost.

  3. Digital provenance is a great benefit to many businesses because it provides verifiable trust of data transactions.

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#3633

How does blockchain enable digital provenance?
Decentralized. Cannot be manipulated. Every transaction on blockchain is immutable. Its an open ledger thus provide traceability & transparency

Why doesn’t a normal database bring the same provenance?
Centralized; open for manipulation.

Why is digital provenance such a great benefit to many businesses?
Can be traced & tracked in real time. Improve efficiency.

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#3634

  1. How does blockchain enable digital provenance?
    Provenance of any transaction can be added immutably to a public ledger. Hence transaction can be checked/audited by anyone at any time.

  2. Why doesn’t a normal database bring the same provenance?
    Most databases are not public, plus they are usually changeable -> makes a normal database vulnerable to e.g. fraud.

  3. Why is digital provenance such a great benefit to many businesses?
    You can always prove easily that the provenance of your product is just the way you say it is. I.e., it’s “trustless”. This reduces costs in many senses and speeds up business relations. E.g. because there is no need for auditions etc.

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#3635
  1. By recording every transaction that was made to whatever is being tracked.
  2. Because the old data is being replaced. And because it can be manipulated.
  3. Digital provenance is a great benefit to many businesses because it enables the combine the transactional and accounting layers, and thus save time, effort and show the true situation immediately (after all tax calculation, for example).
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#3636
  1. Blockchain enables provenance by storing, sharing and comparing through multiple node locations read/write only transaction data.
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#3637
  1. A normal database doesnt bring the same provenance because it is not always uneditable, and the data is not shared across multiple locations.
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#3638

Why is digital provenance such a great benefit to many businesses?

IT enables real time track/ tracing and auditing, gives total transparency, makes everything accountable, increases effiency to all processes, reduces losses. No maybes it either is or it is not.

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#3639

1 How does blockchain enable digital provenance?
It enables a company to tailor their needs of tracking, tracing according to parameters each company defines on top of the key selling point which is immutability. it allows quick and easy solutions like tracing the origin of a specific product SKU or its producer, cutting short traditional means of product tracing. An example is how IBM food is implementing blockchain and provenance into their system to better improve the safety for the customer and the safety of their product. In the case of contamination they are able to quickly trace within minuites the farm, batch date, size, as well as quickly locate other contaminated products and quickly resolve the issue.
Compared to the current system that can take weeks and have effects on supply chains for months similar to how it affected the US during the spinach E. Coli
contamination of 2006. In terms of advertising, this allows the guarantee of advertised claim which can be easily traced all this is also available for
the customer which increases customer trust in a product or brand.

2 Why doesn’t a normal database bring the same provenance?

A normal database is centralized (maintained or owned by a single company), which relies on
the trust of clients/users towards the company. in such cases data can be manipulated and cannot be easily accesed by others. Where as provenance is
decentralized (public database) which is available for all parties tp see and reference. because the data is public this prevents anybody from making changes to the database without it being seen by those in the blockchain. full transparency enables the best possible service and security, something which traditional databases cannot provide to the same
degree.

3 Why is digital provenance such a great benefit to many businesses?

Digital provenance is, can, and will be one of the best tools a business large or small can incorporate into their model/ By providing transparency with the where, how, was the work done using illegal workers, if the company is supporting ethical businesses, as well as the entire journey of a product or reach of the company’s ecosystem. This now gives the customer the full information of the product and its story, allowing the customer the choice to support a business they believe in and trust. this system
can also streamline services like warranty, customer support, and recalls as data can be quickly accessed and found with no accidental changes to documentation, or if documentation was changed prior to an event occurring.

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#3640
  1. How does blockchain enable digital provenance?
    A: Because the blockchain is immutable, the origin of the data can be verified and can be trusted since it can’t be changed.
  2. Why doesn’t a normal database bring the same provenance?
    A: Because any user with the proper access can change the data in the database.
  3. Why is digital provenance such a great benefit to many businesses?
    A: It assures they are making decisions and acting on accurate data. In addition, it will give customers a greater respect for the integrity of the company providing the data.
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#3641

  1. Blockchain enables provenance by being an open ledger and letting every transaction be viewed publicly, allowing for the auditing and the tracking of each transaction eliminating the need to trust.

  2. Because normal databases are private, data can be changed, they are centralized meaning if the database crashes it cant be recovered, it can be hiddeen etc, blockchain this is all publicly open and decentralized meaning no one is in control, and also it only goes one way it cant be reversed

  3. It creates transparancy, and allows everything to be tracked and aggregated precicelyt.

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#3642

Hi, next time, please try to answer the questions in 1 post :wink:

#3643

  1. Blockchain remove trust out of the process, letting you verify the step of the transaction on the blockchain in real time. At any given time. The entire process is recorded on the blockchain.

  2. With a regular database, it’s a centralize system. It’s allow the process to be edited on the network and force you to trust the transaction is valid and hasn’t be alter.

  3. Business will be able to be more transparent with the end user. Business will also be able to know exact where the product is coming from.

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#3644

**Homework – Provenance

  • How does blockchain enable digital provenance?
    • When a digital signature is created, an authentic piece of information is created chronologically on the blockchain, this is also known as tokenization, due to a token being created. The token can not be manipulated or altered and creating reliable information that can be trusted, thus creating digital provenance.
  • Why doesn’t a normal database bring the same provenance?
    • Normal databases can be manipulated, moved and corrupted because they are centralized.
    • Normal databases do not provide immediate real time audited information.
  • Why is a digital provenance such a great benefit to many businesses?
    • In a supply chain business, a product can be traced, ensuring quality of products, especially in the fresh produce market.
    • Art galleries can trace artwork to ensure authenticity of art pieces.
    • Will protect business owners from fraudulent customer payments.
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#3645

  1. In The blockchain all transactions are saved so you can track them back. No transactions can be erased or lost.

  2. In a normal database parts can be deleted or lost.

  3. Because you can track where for instance subparts come from and you can do real-time audit.

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#3646

  1. Blockchain enables digital provenance by keeping track of everything in real time. Whether it’s related to currency, food ingredients, the supply chain for machine parts, etc.

  2. A normal database does not bring the same providence because it is normally has a separate auditing system from the operational system. Blockchain does the transaction and auditing all at the same time in real time.

  3. It has the potential to make business systems more efficient in the sense that they are always being confirmed during the time that the operation is being completed. I would assume this can mean wayyy less mistakes and complete transparency in whatever process is being completed.

Great lesson, this really helped give me a solid understanding on the power of blockchain! :+1:

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#3647

For the first question

Blockchain is a technology that track all the bitcoin, through database add only it will enable provenance. In block chain Database you only allow to add but not to remove transactions, this make it easy to enable provenance.

Secound question

The normal Database has trust issue. It allow the data to be changed like to remove it. This bring to not to trust because we can’t verify 100% the origin data. This will lead the normal database not to bring same provenance.

Third

A digital provenance such a great benefit to many business is in short , you can verify the transaction or the data. Since it is add only it bring trust less which is the benefit to many business.

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#3648

Homework on Provenance - Questions

  1. How does blockchain enable digital provenance?
    Blockchain enables provenance through the tracking of every single transaction on the ledger. Whenever you buy something you can verify where was made and who bought that product before it was delivered to you.

  2. Why doesn’t a normal database bring the same provenance?
    Normal databases can be changed by the main ADMIN, which means that we can not trust 100%. Blockchain can help us to follow from the source to the end of a specific transaction.

  3. Why is digital provenance such a great benefit to many businesses?
    The possibility to track and know exactly where things are coming from and from who is crucial to many businesses. Since every single transaction is on the ledger there is no need to audit or reviews to ensure the information you see there is correct.

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#3649

  1. How does blockchain enable digital provenance:
    Every transaction is written on the blockchain and can not be removed. Blockchain is a open format (open ledger) where everyone can view the transactions.

  2. Why doesn’t a normal database bring the same provenance:
    In normal database’s transaction came be removed or changed. Then if the database crashes all transaction history’s could be lost .

  3. Why is digital provenance such a great benefit to many businesses:
    It provides all most instant auditing and accurate traceability.

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#3650

  1. How does blockchain enable digital provenance?
    Blockchain enables provenance due to the fact that all financial transactions on the blockchain
    can be tracked and is immutable.

  2. Why doesn’t a normal database bring the same provenance?
    A normal database does not bring the same provenance because financial transactions can be deleted and or corrupted.

  3. Why is digital provenance such a great benefit to many businesses?

Digital provenance provides businesses with a dual capacity. It provides a transactional and accounting functionality all wrapped into one. This saves businesses money spent on accounting audits.

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#3651

  1. How does blockchain enable digital provenance?
    Thru a network of verifiers/computers/nodes, each one has a copy of the ledger that only adds to the ledger and verifies each transaction. Letting thru every legitimate transactions and ignoring those that cannot be traced back up from the first version/record or the genesis block. Thru this, real time auditing is guaranteed all the time; making each transaction unquestionably true all the time.

  2. Why doesn’t a normal database bring the same provenance?
    A normal database is like a spreadsheet of transactions. Any one who has a copy can modify the record even from the beginning. Anyone who has a copy of that record can present modified versions of their own interest to other people. The ones that have a copy of it can present it to other people. The recipient would then need to get/ask for the authenticity of the provider before the recipient believes it to be true. This is an example of a decentralized information, where one entity can make a declaration and people needs to trust that entity.

  3. Why is digital provenance such a great benefit to many businesses?
    Businesses does not need to reach out to a centralized entity for a business to TRUST such transaction/record; in return saves a lot of time and money from getting that validity and TRUST. Thru blockchain, the records are indisputably correct. A business owner can make verifications in the blockchain or make the blockchain audit it for him. Everything in the blockchain is transparent.

My question to the community - aren’t we also TRUSTING the blockchain to cover the validation and auditing for us?

Please let me know what you think.

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