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Blockchain enables digital provenance by combining accounting and transactions into one entry. This allows for built-in auditing since everyone agrees on the database contents, creating a trustless database.
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A normal database doesn’t bring the same provenance because some things are meant to be private, and with blockchain allowing privacy as well as accounting, verifying certain transactions without connecting it to an individual.
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Digital provenance is such a great benefit to many businesses because these databases no longer need to be identified on one particular server, with decentralization and privacy built in enabling any person to conduct business without the need for a centralized exchange. True power to the individual
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Homework on Provenance - Questions
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How does blockchain enable digital provenance?
By providing provable and trust less accounting of records a blockchain can enable digital provenance. -
Why doesn’t a normal database bring the same provenance?
A normal database can be deleted, edited, or otherwise manipulated whereas a blockchain is like digital stone so once it is written it cannot be undone or otherwise corrupted/altered. -
Why is digital provenance such a great benefit to many businesses?
it will allow for instantaneous auditing of supply chains so that businesses do not have to trust that suppliers are not using slave labor or child labor.
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- How does blockchain enable digital provenance?
- Blockchain enables digital provenance by providing an immutable public ledger of all transactions.
- Why doesn’t a normal database bring the same provenance?
- A normal database can be altered or hidden by a single person or admin. So it cannot be trusted as an accurate account of information.
- Why is digital provenance such a great benefit to many businesses?
- Digital provenance can provide a business with a free and accurate record of any transaction or other information related to a product, for instance; where it was made, every location it’s been moved or a list of it’s contents.
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- How does blockchain enable digital provenance?
The data is stored in an immutable ledger where information can only be stored or added, and never deleted or altered. - Why doesn’t a normal database bring the same provenance?
These systems can be breached and the data altered or eliminated whether from accident of malicious intent. - Why is digital provenance such a great benefit to many businesses? It creates a financial and supply, and transport network of total transparency, enabling a “trustless” verifiable ecosystem.
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Digital provenance in enabled by every transaction being open or available to view on the ledger.
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In a normal database, entries can be modified or deleted, this is not the case with blockchain so therefore a normal database cannot offer a comparable provenance.
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Digital provenance is a great benefit to businesses because every step of manufacture/production can be looked into and with this information a client can see if the right materials/ingredients are being used and whether the product has been manufactured in an ethical manner. Real time auditing is also available to view.
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- Trustlessness, transparency , secure
- You don’t have to trust your suppliers tells you the truth, you can verify
- Fashion, Jewelery,manufacturing
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- Digital provenance is the ability to see the history of all transactions in chronological order all the way back to the first transaction ever made on the blockchain, it is public and so can be viewed by anyone with an internet connection.
- A blockchain is similar to a database except that data cannot be deleted from the blockchain, once it has been added as a confirmed transaction it cannot be changed. For this reason a normal database cannot provide 100% guaranteed provenance as history can be deleted or re-written.
- The major benefit of digital provenance is that it allows parties to easily see information and interact in a trust-less way. There is no need to trust because everything can be verified on the blockchain. Having open access to key information that is available in real time improves transparency and financial efficiency for businesses.
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- How does blockchain enable digital provenance?
Data Provenance is a technique that describes the history of a piece of data; where the data
came from; how the data came to be in its present state; and who or what acted upon the data.
- Why doesn’t a normal database bring the same provenance?
Because you have to rely on Trust rather than Verification of the facts surrounding transactions.
- Why is digital provenance such a great benefit to many businesses?
It functions to link data together; it produces repeatable results; it improves auditing; and tells the
data’s full story.
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Homework on Provenance - Questions
How does blockchain enable digital provenance?
Blockchain provides an unchangeable trail of transactions controlled by no one which can be audited by anyone anytime allowing any good or asset tracked on the blockchain to be tied back to its original source.
Why doesn’t a normal database bring the same provenance?
Centralized databases are controlled by entities and admins who have the power to change data out of public view. Using such a system requires participants to trust the controlling entities without the ability to verify the underlying data and record of transactions.
Why is digital provenance such a great benefit to many businesses?
Digital provenance can help businesses reduce theft and fraud in their supply chains, improve the quality of their inputs and outputs and allow them to demonstrate to end consumers that what they say they are selling is what the consumer will get.
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- Any information entered can not be altered plus it can be audited. Also it is decentralized so there is no risk for foul play
- Centralized system can be easily manipulated by the people that control it. There is no way of people knowing if they manipulate it. It is based on trust vs verifiable data.
- No need for auditing because verifiable data and customer can ensure they get exactly what is promised
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The whole technology is decentralized and the way things are working is through the ledger which keeps track of all transactions.
A normal database is built on a different network and not many people know about this new technology. Also, trust is a big factor that people depend a lot on which is not what provenance is about.
Removes the need for trust and does everything through verification, makes everything simple.
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How does blockchain enable digital provenance?
Information is stored in a digital ledger that is distributed and publicly available for anyone to see any time. Information in the ledger cannot be changed or deleted, only added to in chronological order. -
Why doesn’t a normal database bring the same provenance?
It is not public; access to it is restricted. Changes can be made to any data at any time. -
Why is digital provenance such a great benefit to many businesses?
It provides real-time auditing that is integrated into the transactions layer itself. This would greatly reduce cost and potential for human error.
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How does blockchain enable digital provenance?
it allows anyone to track ownership via an open digital ledger recorded across a vast network. -
Why doesn’t a normal database bring the same provenance?
The normal database may not be accessible, the database may be centralized and the data within it could be manipulated. -
Why is digital provenance such a great benefit to many businesses?
It enables a trust-less system for transactions.
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Provenance Homework
- Digital provenance is enabled by blockchain via trustless, verifiable source of decentralized information/transactions about the origin of something;
- A normal database is based on a single computer/server/source and is not verified by a network of independent, distributed computers;
- Business can verify information critical to their operations in a trustless way.
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I will answer based on what I understood provenance is. I define it as the ability to prove the origin of something, for instance, currencies, food, objects, digital or physical assets.
- How does blockchain enable digital provenance?
Blockchain works as a decentralized public database that does not allow to perform delete operations.
For this reason, it brings some features that are extremely important for provenance, such as:
- Improved data integrity: It is very difficult to manipulate, as data is stored in multiple nodes, it is public, and you can’t update or delete transactions in the database.
- Enhanced Operational Continuity: As data is distributed across the ledger, if one of more nodes are affected by technical or external issues (such as blackouts, internet outage, hardware or software failures, etc), the blockchain is resilient enough to keep processing transactions.
- Data is easier to audit, even in real time. Since data is public, you can get a copy of the blockchain and work over it. As the integrity of the data is preserved, since every transaction has an immutable register in the database, the quality of the auditing process is even better, as you have the complete log of transactions that were made, as they were made.
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Why doesn’t a normal database bring the same provenance?
In a normal database, users are allowed to modify transactions, so they don’t preserve history. As an example, transactional systems usually update or delete entries from the database, which makes this data useless for auditing purposes.
Even if the software was designed considering provenance needs, anybody that has access to the database may manipulate the data, mostly without being noticed or leaving any trace of what they changed. Since the database is centralized, and usually private, third-party auditories can’t rely directly on the data that is stored there (nor in the company that they are checking, as this is actually the reason why this whole industry exists), and they should also check database backups to ensure that no entries were modified. This is actually pretty time consuming.
Also, as it is a centralized repository, even if you enabled georeplication, you will still be vulnerable to operational discontinuities, depending on your RTO time, leading to a complete loss of the transactions that were made on this time. -
Why is digital provenance such a great benefit to many businesses?
Because you will be able to proof compliance to any criteria, regulation, standard or law. I will give some examples:
- I can list the ingredients on a product. This may be crucial for people that has a food allergy, but also for people that does not use certain ingredients due to their own beliefs.
- You can keep track of some relevant attributes of your business. For example, consider how Customs will work in a post-brexit world between the UK and the EU (which will be probably a nightmare). This also applies to any regulatory compliance process.
- It allows you to verify information of your supply chain, to ensure that the quality and management of the products fulfill your standards, and that they are working according the regulation of your industry.
- You can check if the product that you are buying is original, and you can check if the current owner is the last owner (to avoid buying stolen goods)
- You may keep track of how is your community using its resources (it may apply to a house, an apartment building, a public company, the government, etc)
- You won’t need a third-party auditing you (however, I believe that auditing companies will be pretty happy to get into blockchain, as they can offer auditing as a service instead of a limited-time process)
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How does blockchain enable digital provenance ?
By being a Public Decentralized system that everybody can check in real time -
Why doesn’t a normal database bring the same provenance ?
Database can be modified, erased…
Provenance allow only to add information, data, no change, no delete -
Why is digital provenance such a great benefit to many businesses ?
It allow complete tracking of the supply chain, and by doing so, save time as trust became a thing of the past and improve the end result.
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- How does blockchain enable digital provenance?
All transactions are recorded on an inmutable and public ledger, hence one can keep track of origind and destination of value/information.
- Why doesn’t a normal database bring the same provenance?
Becuase normal data bases can be re-written, change by central authority.
- Why is digital provenance such a great benefit to many businesses?
Permits the integration and interactions with many other bussines in a trustless way.
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Blockchain enables digital provenance by using the ledger database to achieve real time auditing and verification of transactions.
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A normal database doesn’t bring the same provenance because it involves trusting an entity. Blockchain database cannot have information removed, only added, while another database can be manipulated.
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Digital provenance is such a great benefit to many businesses because it allows them to become trustless and verify various transactions such as supply chain and this makes business more efficient.
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Blockchain enables digital provenance by keeping record of all transactions, since it was being created. Transaction info is added into ever expanding database like history, and cannot be changed.
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Normal database does not bring the same provenance, because by not keeping the history about all transactions since the begining, there is no PROOF, that the same amount of bitcoin was not spent twice. There must be a third party like a bank, to whom both parties have to TRUST, in order for a system with normal database to function.
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Advantage of digital provenance is, that businesses do not have to trust each other and (in blockchain nonexistent) third parties anymore, because smart contracts offer mathematical proof in contrary to traditional system that is based on trust. Other advantages are lower fees and faster transaction times.
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- What is put in can not be taken out.
- Because it has a weak system and people use it on bases of trust.
3.accuracy
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