- Blockchain enables digital provenance because it is decentralized and public. Also, since transactions can only be added to the blockchain, and not removed, everything can be verified by the public.
- A normal database may be owned or controlled by a central government or authority. Data may be removed from a normal database which can cause distrust. It also may not be made available to the public.
- Digital provenance is a great benefit to many businesses because it replaces trust with verification. This means businesses can be sure of what they receive when they buy something without needing to bring in another party.
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- It makes it trustless, the network of computers tracks everything in real time, erases nothing, and everyone can view it.
- Normal databases require trust, they also have the ability to manipulated.
- Faster, more transparent, accurate tracking of transactions, eliminates trust, improves auditing.
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it´s records can´t be deleted or removed ( digital stone ) , you can find al the financial transactions from the very beginning
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a normal data base is on a server so the data could be lost or manipulated , and also is not available for the public
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the biggest benefit would be the possibility of tracking transactions so they could have a clearer picture about the financial aspect and other data that could be registered on the blockchain
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- Blockchain facilitates complete transparency with all transactions. It is decentralised; information cannot be changed or removed from the database meaning it cannot be tampered with.
- A normal database is centralised and not publicly available and therefore could be manipulated by the holder of the information. It requires a large amount of trust.
- Provenance removes the need for trust and makes all transactions easily verifiable and open.
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Blockchain enables digital provenance by storing transaction on a distributed ledger, and the data cannot be altered. This provides a permanent and trackable account of the transaction. It is secured by the distributed copies of the blockchain, so that no transaction can be altered.
A traditional database can have records modified or deleted. It is also centrally-managed by a single entity, so they information cannot be validated by all users of the database.
Digital providence is critical to ensure the information is correct and cannot be copied/duplicated.
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1. How does blockchain enable digital provenance?
Blockchains are immutable meaning that once data is written it cant be changed or removed.
2. Why doesn’t a normal database bring the same provenance?
Unlike blockchains, you are able to modify or remove data that has been written into a database.
3. Why is digital provenance such a great benefit to many businesses?
Digital providence is beneficial as it allows business to not have to trust the words of third party auditors, Instead they are able to verify and trace data in real time.
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Blockchain enables digital provenance by the ability to recording the origins of every transaction, every ingredient, and every needed element.
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Normal database does not bring the same provenance as it cannot trace as easily the origins, it cannot verify entered data that easily, it can not provide necessary security and trust, as blockchain can do.
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Digital provenance can automatize with more ease different accounting and logistical processes, avoid necessary audits or better say, it can trustfully automitize audits and accounting. It enables digital verification of each element in the logistic chain.
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The blockchain is a decentralized DB, a public ledger. Because it is public, transactions can easily be traced, transactions can be associated to physical goods, and because of this, the origin of something can be verified to have passed through the supply chain that manufacturers or suppliers claim. Because there is no one centralized point of failure, it cannot be manipulated by bad actors.
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Because it is centralized, and can come down/offline/be edited/erased. Blockchain is trustless, you don’t need to trust, you cannot remove data from it, it has 100% up time, and uses math instead to verify whether or not something is true.
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Because it increases efficiency, time, and reliability of all parties involved in a supply chain. A manufacturer, supplier and consumer no longer needs to trust one another as to the origin of physical goods transacted - you can refer to the blockchain.
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Blockchain enables digital provenance (something that can be traced to origin), because it is a public ledger. Once data has been written, it cannot be removed, therefore meaning that all transactions can be seen and verified.
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A normal database won’t give you the same provenance as it is not immutable. It can be altered and manipulated through a centralised body.
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It is a benefit to many businesses as it allows a trustless economy, thus meaning businesses can operate supply chains, accounting and logistics in an automated way, knowing that the blockchain is providing them with accurate information.
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How does blockchain enable digital provenance?
==> Blockchain enables digital provenance by providing the details of the origin of the transaction. Once a transaction is made, it is available to everyone to verify and commit to the transaction. -
Why doesn’t a normal database bring the same provenance?
==> In regular databases, you can both add and remove records as the system is centralized. Thereby data can be updated multiple times by multiple parties trying to make the given transaction at different intervals. -
Why is digital provenance such a great benefit to many businesses?
==> It eliminates the need for trust and allows ease of verification.
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The use of a distributed ledger enables digital provenance
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A normal database is a single source, centrally managed and controlled.
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It is managed by the users and nodes of the network, you are not depending on a central institute to accept a contract.
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Homework on Provenance - Questions
- How does blockchain enable digital provenance?
In blockchain there is provenance of transactions. all transactions are writing on the blockchain and safed. No transactions can be removed and everything is open source (pubic ledger) - Why doesn’t a normal database bring the same provenance?
A normal database can be changes from the outside by removing data and can not easily be verified - Why is digital provenance such a great benefit to many businesses?
it makes realtime auditing posible and tracing of goods
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How does blockchain enable digital provenance?
You can only add and not remove transactions on the blockchain, the blockchain is immutable. Also, everyone can see all the transactions on the blockchain. -
Why doesn’t a normal database bring the same provenance?
A traditional database has someone (admin) who has the right to change data in the database. -
Why is digital provenance such a great benefit to many businesses?
Everything can be traced via the blockchain in a trustless way.
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Blockchain enables digital provenance because blockchain is able to put together the “Accounting Layer” with the “Transactional Layer”.
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A normal database does not bring the same provenance because Provenance is a “Public Ledger”.
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Digital Provenance is a great benefit to businesses b/c it will provide the business with “Trustlessness” , which in turn will allow business to be able to: track where items come from… where items have been… which part of the supply chain they have passed… what the state of each product was at each level of the supply chain.
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1&2&3. Assets can be tracked to their origin because they are immutable and are not subject to change or deletion unless a new transaction is committed. That transaction is also subject to scrutiny. The distributed characteristic also plays a big part in data integrity. Digital provenance can be important in cases where extended compliance is needed.
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- How does blockchain enable digital provenance?
Provenance uses an immutable ledger of transactions that cannot be altered. - Why doesn’t a normal database bring the same provenance?
Normal databases are centralized and data can be changed by administrators. - Why is digital provenance such a great benefit to many businesses?
Businesses using digital provenance can have real time audited records of their supply chain
and a trustless way to tie each part of a finished product to the original supplier.
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Blockchain enables digital provenance by creating a trustless network supported by Math and Science. It uploads all transactions to a database so everything is purely transparent.
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A normal database doesn’t bring the same provenance because it is based on trust. There are two layers with accounting and transactions.
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A digital provenance is a great benefit because it removes the TRUST factor and allows companies to verify transactions and audit easily with 100 percent accuracy.
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Blockchain enables digital provenance by its characteristics as an immutable data structure. Data is stored but not removed and can be queried at any time.
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Normal databases are centralized rather than distributed and are made by design to be mutable. Data can be added or removed at any time by anyone authorized (and sometimes unauthorized) to do so.
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Digital provenance is important to business because supply can be verified by anyone at any time.
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- because its a digital stone, you can only add values to it. no deletion or updating is allowed. also it is secure as the ledger is stored on many machines in network so nobody can generate fake transaction.
- mostly normal databases allow you to update and remove the information. and they are not hack proof as if some one got hold of the main database , he can add the fake values to it.
- because blockchain is trustless everything can be tracked easily and most of all it can be audited very easily.
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- How does blockchain enable digital provenance (pochodzenie) ?
It enables the digital provenance using the blockchain network to store the information about origin of the product which is further transported/delivered to other counterparties, shops etc. Thanks to that we can verify from where that product came from. All the information is posted by the producer on the blockchain and is transparent and available to public. Usually you use QR to find our more about the origin of the product, more information about the location is come from, about the way how it was raised and so on. - Why doesn’t a normal database bring the same provenance?
Normal database can be modified, fake etc. On blockchain we receive such information first-handed from the producer, therefore the ultimate beneficiary, client can verify the whole road the product went until it has been delivered to shop. The information on blochchain cannot be modified, therefore it’s trust-worthy. In normal database we have to trust the counterparty, importer however for the digital provenance we have digitally proved the origin. - Why is digital provenance such a great benefit to many businesses?
It it great cause the business can proudly show and prove that their products are high-quality ones and come from specific regions. Buyers can easily identify it and stick to the company they consider the closest to their hearts, beliefs etc.
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