-
Through the Public Ledger. Everyone is witness to authentication.
-
Data can be removed from normal databases.
-
Automation of verification = cost savings.
1 Like
You can track transactions and auditing in real time. You can combine accounting and invoices. It’s thrustless
2.
Because there’s a third party involved
3.
You can combine accounting with receipt and invoices.
1 Like
Yes but you can either trust the algorithm or an authority, you decide. 
1; bchain allows provenance because all transactions along the way are logged on the network and cannot be altered.
- Normaal databases have a central control frame that allows actions to be changed and edited, whereas blockchain is ungoverned , what happens happens and that is it set in stone.
3.its a benefit to businesses because they don’t have to take any ones word for it, they can just pull up the supply chain through blockchain and there it is. This in turn saves time, and money.
1 Like
1, Blockchain enables digital provenance by providing access to a complete (immutable) history of transactions. With public blockchains (e.g. Bitcoin), this history is publicly available and verifiable at any time. Also, due to the consensus mechanism at play, the data is a history of collectively agreed “truths” that could not have (practically) been manipulated by a bad player.
2, A normal database does not have the inherent immutability of a blockchain. It also doesn’t use a consensus mechanism in order to verify and apply updates. Normal databases require centralised administration and are therefore open for manipulation outside of pre-agreed arrangements (aka consensus rules in blockchain).
3, Digital provenance makes it possible to automate auditing and have it carried out in realtime. This is far more efficient than carrying out periodic manual audits. This makes it possible to verify a businesses compliance in any number of business activities such as financial, supply chain, ethical standards etc. Big advantages to being to verify this compliance, rather than having to just trust.
1 Like
-
How does blockchain enable digital provenance?
Through the decentralized database of a blockchain computer network, edits can not be made after the fact. It is a permanent record. -
Why doesn’t a normal database bring the same provenance?
A normal database is centralized. The entity that has control of that database can change the information if desired. Also, a normal database is susceptible to data loss due to its centralized nature. -
Why is digital provenance such a great benefit to many businesses?
Records can not be erased. records can easily be audited. It lessens the need for trust.
1 Like
-
How does blockchain enable digital provenance?
It’s enabled by the decentralized network of computers/nodes. Every machine has the same copy and every transaction has to be verified. No transaction can be removed or altered. -
Why doesn’t a normal database bring the same provenance?
A normal database is centralized therefore doesn’t provide the same provenance. The owning entity needs to be trusted and therefore could alter the stored data. -
Why is digital provenance such a great benefit to many businesses?
Because blockchain is trustless due to its decentralized nature. You do not have to trust anyone, everything is verified. All transactions are permanent and cannot be erased. Accounting and transactions become one, which allows real time auditing (Bye Bye Big 4)
1 Like
- because it is a real time publicly accessible visible/ transparent ledger or audit trail of information on the relevant product
- Because it is usually not easily publicly accessible and audited in real time.
- It may offer a very fast, reliable and cost effective way to do business in a very transparent manner
1 Like
-
Blockchain enables a public ledger among a distributed network of nodes, each holding their own copy, preventing maliciously tampering fictitious inputs because each copy of the ledger within the network will verify any new blocks or transactions requesting to be added. Digital provenance is realized through blockchain technology’s ability to make transactions trust-less, securing them through algorithmic authentication protocols that can be audited in real-time.
-
Normal databases lack the reinforcement and security provided by decentralized authentication. Normal databases are not specifically designated for the purpose of enabling full cohesive synergy among all entries logged throughout the duration of the database’s history so they cannot prevent these entries from being manipulated. The verification that a decentralized public ledger using blockchain technology differs in its ability to prevent fraudulent activity since it doesn’t rely on any centralized entity.
-
Businesses would benefit immensely from blockchain technology’s critical trait of digital provenance for it enhances tracking, tracing, of any of logged value and provides trust-less verification of business process decisions. Real-time auditing would hold key stakeholders/ shareholders fully accountable for their responsibility to their organization’s logistics or supply chain management objectives removing "off-the-books” loophole protections that potentially hide the accurate journey/quality/quantity of data represented within logs. Additional improvements include identifying early flaws or mistakes, isolating or eliminating mismanagement of data logs, improved innovation by reducing many unknown variables while making the overall foundation, structure, or health of the business more transparent. Lastly, blockchain is the best option to standardize these solutions across a broad spectrum of industry types, enabling cross-innovation that could dynamically benefit global commerce as a whole.
1 Like
the coder makes a digital signature which makes it secure.
there is a government tracking all of it
people would have all of these things secure and that would be very good for a company
1 Like
1.Blockchain enables digital provenance through it’s decentralized, immutable and transparent attributes. The inability of any individual or central authority to manipulate ( delete ) a blockchain data makes it a go to for very credible information.
- .A normal database does not bring the same provenance due to it’s lack of the aforementioned attributes of blockchain. Worthy of note is that a normal database is centralized and controlled by an individual or authority either directly or by proxy. It’s contents can be hacked , deleted or altered.
3.Digital provenance is such a great benefit to many businesses because it eliminates the gap of “”trust” that hitherto existed and provides the the capability to track , trace or verify things in a very vivid way. For instance, a baker can ascertain the origin and actual contents of the flour supplied by the contractor instead of just “trusting “ what is written on the manufacturer’s label.
1 Like
-
Every transaction executed on a blockchain is recorded on an open ledger, and, is immutable - unable to be removed. Furthermore, this ledger can be viewed by anyone who decides to track a transaction on it.
-
A “normal” database is usually controlled centrally, and generally is not as straightforward to access and view transactions; as opposed to a blockchain ledger. In addition, information on a “normal” database can be manipulated and modified, unlike in a ledger, where once a transaction has been executed, it is recorded immutably…
-
Some of the benefits to using digital provenance, for example, it can improve the accuracy of the audit information being carried out, as this activity can happen in “real” time, also, this simplifies and speeds up the whole process, which can bring added cost savings.
1 Like
- How does blockchain enable digital provenance?
The blockchain enables digital provenance by providing a series of checks and balances that can be verified by the network in real time. As stated, you can only add to the chain and never remove. - Why doesn’t a normal database bring the same provenance?
A normal database doesn’t bring the same provenance because it still requires you to trust that a transaction can’t be duplicated or removed. You also can’t see where funds are allocated unless there’s an audit, but even then an audit is done in real time, human error is still a possibility. - Why is digital provenance such a great benefit to many businesses?
Digital provenance is such a great benefit to businesses because it’s a “Trustless” system. Businesses can use the blockchain to verify if a supplier being ethical in their manufacturing process whether it’s ingredients or use of immoral labor.
1 Like
- How does blockchain enable digital provenance?
Once validated through consensus, a value or a value transaction is recorded throughout a decentralized group (of equals) making it inimitable
(not an imitation, not a reasonable facsimile not a record in disguise) - (All just bricks in the wall - Pink Floyd )
Much like Mortar unites stones into one solid mass, all are truly bricks of our proverbial building’s intendewd design;
the data or of value of Transaction being verified cannot imitate somehting else;
just as the brick cannot imitate a differnt shape, size, structure or position within a building wall or its parts.
The verified newest-transaction is duly recorded into the next blocks will be chained together with that greater,
overall AND very-inimitable record, that is the blockchain!
Thereby subsequent transactions are effectivly distributed, upon verification and then added to a block, that is then ,
and as that transaction is added onto the ‘perpetual memory’, memory database grows, as it remains trustless yet trusting in MATH to be verifiable, at all times.
- Why doesn’t a normal database bring the same provenance (as Blockchain)?
Normal databases are centralized into a single points of control;
such singularity is its database’s provenance and trust’s critical failure’s point.
When the record is centralized, provenance will remain suspect, always.
This exposes all value-creation processes to many value detractors from the benefit the org wants to create, just to maintain that trust.
Normal databases are storing their in a central repository;
they do not publically distibute their providence, like on Blockchains so no one knows if the current state is valid or not or relaible or not.
Normal Database due diligence dictates resources must be allocated re-establish trust and or mitigate risk;
Normal databases will be subject to risks of dispute and therefore subject of potential future losses,
Normal Database dictates due diligence so resources must be allocated re-establish trust and or mitigate risk,
which is drain on value creation process on all sides
These threats /Risks to the true potential appreciation of any value creation of an org’s processes come
from within, throughout and outside the org, and bombard the Value creator and the value receivers with costs, often.
This mitigation process goes into the hand of seemingly objective 3rd parties,
who are overall value detractors of the value Creation and Value capture processes.
A Normal database put in-place these Cost structure - that we now feel are Normal costs of doing business .
just to confirm, deny to protect and convict provenance undermines and value detractors,
whether by true or not or by way of negligence, up to and including fraud, manipulation or other nefarious attacks or not.
- Why is digital provenance such a great benefit to many businesses?
Digital distributed provenance is always trusted and verifiable, at all times,
gives the business unabated freedom to create store, appreciate and share the /entire/ value that they can create.
digital provenance Value is maximized on Blockchain, for it is without the need of endless audit or any further verification (a.k.a value detractors).
Real Costs are incurred, on all Stakeholders when, or can be, off-chain Digital provenance is Manipulated, or is the Suspect of dispute.
The potential cost / benefit for all-sides to continue doing business when they MUST reassure proper provenance, this process must be at
a relative lesser cost than that intended profit-level of overall value created stores or consumed
When Provenance is, can be or thought to be manipulated, it creates risks that must be Confirmed, mitigated away or arrested in their tracks!
Value Detraction is INADERTANTLY created by, yet not limited to. the organization itself, its customers or it partners or society at large.
With Blockchain, digital provenance is First trusted and always verified!
The placement of the 3rd party trusted intermediaries detracts from value creation, as in of auditors, accountants, Clearing houses, law makers law enforcers and other middleware.
Digitization propagation to a distributed ledge of equals of perpetually verifiable provenance prevents 3rd party risks of
confiscation, imitation, and makes trust perpetually verifiable, always & at any instant.
rather than the org creating or consuming the value entirely focusing on their mission critical activities - with no waste!
2 Likes
- How does blockchain enable digital provenance
Because Blockchain is a public ledger, no transaction can be hidden and all transactions are tracked and traceable.
2.Why doesn’t a normal database bring the same provenance?
For example normal Supply Chain Management databases are hidden behind firewalls by Corporate IT departments with limited or no access to their customers or by third party interests. Therefore there is no built in Trust mechanism.
- Why is digital provenance such a great benefit to many businesses?
There are many business concerns regarding trust in their suppliers and customers as
well as proof of regulatory compliance. Digital Stone makes things so much more trusting!
1 Like
-
Blockchain enables digital provenance by creating an immutable, open, public record of occurrences such as financial transactions and events in a supply chain, thereby removing the need for trust. Data can be added but not removed, and the record is decentralised.
-
A normal database can be altered because the data is not open and control is centralised.
-
Digital provenance allows businesses to apply real time auditing which eliminates the need for a middleman thereby lowering costs and ensuring security of data. It also allows open tracing of events and enables complete verification instead of the requirement for relying on trust.
1 Like
Hi everyone,
- How does blockchain enable digital provenance?
A blockchain is like a digitial data stone on which you can store information. It’s a decentralized database composed of immutable ledgers. One can only add to it, not remove nor change anything. By design, its immutability and the given capacity to verify blocks by the whole network make digital provenance not only possible, but simply an integral part of what blockchain offers.
- Why doesn’t a normal database bring the same provenance?
On centralized databases one can change, alter or delete an entry. Its ownership is usually single, make it all to easy to play around with.
- Why is digital provenance such a great benefit to many businesses?
As mentioned in the course, many domains could tremendously benefit from that wonderful built-in functionality blockchain offers, such as government tax usage, the food or textile industries… It removes the so-called « trust » out of the equation and replaces it by real-time verifiability.
1 Like
-
By enabling transparency across the network
-
Normal databases can’t provide what blockchain does because blockchain uses computers across the world to verify transactions as they’re input. One person can’t add a transaction on the blockchain because the rest of the nodes will not verify the transaction.
-
gives end users trust by allowing for continuous auditing.
2 Likes
- How does blockchain enable digital provenance?
The immutable nature of blockchain allows for provenance
2.Why doesn’t a normal database bring the same provenance?
As all the data can be manipulated and opaque with no real way of verifying data
3.Why is digital provenance such a great benefit to many businesses?
It provides real time tracking and everything can be verified real time
2 Likes
1 Blockchain enables digital provenance by taking trust out of the equation. we will no longer need to “trust” that whatever is displayed in labels, for example, are correct because we will be able to verify it. Trustless and Verify.
2. Because you can also delete things from a “normal” database so it can be altered.
3. Businesses will be more reliable and will be able to track exactly their accounting and their transactions in a paperless way. Much faster and economic.
1 Like