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How does blockchain enable digital provenance?
-every validator of blockchain’s transactions has a ledger, every transaction is recorded ant traceable -
Why doesn’t a normal database bring the same provenance?
-you can corrupt, duplicate, there’s no such traceability as in a blockchain -
Why is digital provenance such a great benefit to many businesses?
-I guess the main reason is that it’s trustless, businesses don’t need to rely on “trust” anymore
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My answers to Provenance homework.
These are my answers and feel free to correct me, if you believe I’m on a wrong path here.
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How does blockchain enable digital provenance?
By tracing and tracking all Financial Transactions and Accounting into a Real Time Auditing.
These digital information (data) are written on a Digital (“Viking”) stone (which is Blockchain), where it will exist forever and can not be removed.
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Why doesn’t a normal database bring the same provenance?
A normal database is stored on a centralized server, owned and controled by some authority or authorities. They could modify or delete the data stored in their centerlized database.
Therefor, it rely on trust and it’s very opaque!
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Why is digital provenance such a great benefit to many businesses?
Businesses doesn’t need to rely on trust, where they can verify, that every data within is correct from other ledgers/computers on the network.
That will make information between businesses become more efficient.
-“Don’t Trust - Verify!”
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Provenance homework answers:
How does blockchain enable digital provenance?
Digital provenance is achieved due to immutability where data can only be added to the blockchain and not removed. While this is mostly used for financial transactions and accounting currently, there are more projects that allow for supply chain uses being introduced. There is also the ability to conduct real time auditing on the blockchain and this can be audited as often as a user likes.
Why doesn’t a normal database bring the same provenance?
A normal database can have data removed/erased or modified and is often centralised allowing the central holder or owner of the database to make whatever amendments the want to make without any real way of tracking what changes have been made (although this can depend on the database itself).
Why is digital provenance such a great benefit to many businesses?
No trust is required - it’s all about verification, which can be automated as the blockchain is available for anyone to develop on and keep tabs on. If we take the example of food - a company could run a program to pick up any microwave meals that have incorrect levels of ingredients and then refuse these as part of their delivery as they do not meet the information displayed on the label. This would have come in pretty handy during the horse meat scandal that hit Europe in 2013. If blockchain was used the whole thing could have been avoided.
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How does blockchain enable digital provenance?
Transactions are recorded on multiple databases and cannot be deleted or changed once entered. It is a public ledger. Financial and supply chain transactions leave a trail which can be audited in real time. Trust is removed from the equation - verification is done by using maths. -
Why doesn’t a normal database bring the same provenance?
A traditional database is managed on one server - i.e. centralized. Transactions can be changed or deleted on a traditional database - not possible with blockchain which is decentralized (i.e on multiple computers). -
Why is digital provenance such a great benefit to many businesses?
Transactions can be tracked in real time and auditing is ‘built in’. The accounting layer and the transaction layer are together.
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Hi,
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By adopting am immutable, transparent and verifyable record of transactions (of any kind, financial, tracking products/ingredients, etc.)
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Because it is not immutable (can be manipulated) and not accessible to all (can’t verify)
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Provenance via blockchain allows for realtime auditing
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How does blockchain enable digital provenance?
Blockchain enables the storage/recording of the history of ownership of a valued object. -
Why doesn’t a normal database bring the same provenance?
The data on a normal database can be changed while data on a blockchain cannot. -
Why is digital provenance such a great benefit to many businesses?
It provides trustless relationship between businesses.
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- How does blockchain enable digital provenance?
Blockchain enables trust through being public ledger that is immutable. This keeps records permanent and transparent. - Why doesn’t a normal database bring the same provenance?
In a normal database, the transactions can be altered through the central authority. Also, there is a lack of transparency if any. - Why is digital provenance such a great benefit to many businesses?
Allows real time audits and verified transactions. This allows more trust between customer and companies that go through third parties.
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provides a decentralized database that can’t be easily altered
a normal database can. be altered
it provides a record of transactions on a decentralized network, and that’s a record that is distributed and maintained on many different nodes. That record is quick and easy to examine.
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Blockchain enables digital provenance by providing a transparent, auditable record for whatever is being tracked within the blockchain. Using mathematical formulas and consensus mechanisms it is not necessary to rely on a single entity to provide the truth.
A normal database does not bring this same provenance because is it a centralized record. This enables changes to be made opaquely and there is not consensus about whether a change should be approved or discarded. Data in a single database can b easily corrupted or manipulated by centralized actors which are not transparent to the public. This causes the public to have to rely (trust) on what the database tells the public with no independent or trustless method of verification.
Digital provenance is a great benefit to many businesses because it can show that they are truly doing what they say they are doing. They can prevent fraud, verify logistics and tracking of products and materials, and show a clear audit trail for any business process.
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- Blockchain enables digital provenance by creating Trustlessness, the ability to verify all transactions due to its transparency and immutability.
- A normal database doesn’t bring provenance because it can be corrupted and changed.
- Digital provenance benefits businesses in that it removes the potential for fraud thereby reducing overall costs and improving viability.
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How does blockchain enable digital provenance?
Blockchain can be seen as a public and decentralised database. Once an entry has been made, it can no longer be changed. This entry is visible to everyone and can theoretically be traced back to its origin.
Why doesn’t a normal database bring the same provenance?
A central database can be constantly altered or even deleted by the people who have access to it. A normal database requires trust in the operator. On a blockchain, this trust is established through transparency and publicity.
Why is digital provenance such a great benefit to many businesses?
Real-time transparency and verifiability is a great benefit. A completely different level of trust and security can be established, which is not possible in this form in the centralised world. --> Trust is good - blockchain is better 
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1.you can verify the origin provenance by tracing in the ledger the transaction between suplyer and manufacturer
2. a normal data base is not immutable
3. a digital provenance it is a benefit to business and customers because you know the origin of your products and how healthy they are
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- Security since nothing is stored in one central location. With everything stored in minimal amounts across many different networks, hacking is much more complex.
- Immutability. There can alter something that has been written in the blockchain since it can’t be erased.
- Provenance to allow full traceability back to companies and purchases, which gives access to.
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- The blockchain will decentralize any need for banking or financial institutions to control transactions,
- The use of a normal database can be manipulated with human errors and would be centrally controlled
- Digital Provenance will allow real time auditing and would increase productivity while adding ability to verify the supply chain immediately.
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Q. How does blockchain enable digital provenance?
A. Blockchain keeps a public record of all transaction ever made. This can not be manipulated in any way and can be audited in real time.
Q. Why doesn’t normal data base bring the same provenance?
A. With a normal data base there is room for data loss and manipulation of data. This is because it is centralized and there for information can be changed or removed.
Q. Why is digital provenance such a great benefit to many businesses?
A. Digital provenance is very beneficial in removing the act of blindly trusting and allows us to easily verify.
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Able to be tracked.
Its run by an authority.
you can verify and not trust.
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- Blockchain enables digital provenance as it removes the need of “trust” from transactions/operations through the decentralized system of verification that the blockchain runs on.
- Because every single computer that is connected to this network has the entirety of the ledger and is able the transactions, if someone would try to mess with it.
- It’s a great benefit because it eliminates trust and gives people the ability to directly see the operations chain to help them make better decisions.
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1 - Blockchain has a public and immutable records of all transactions. We can easy check each transactions.
2 - We ( or a entitty was have access of database) can manipulate what we want.
3 - Its provide the possibility of auditing and track transactions. His eliminate the third part of proccess and turn it more efficient
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How does blockchain enable digital provenance?
Blockchains support the validity of information where every transaction can be traced and verified. -
Why doesn’t a normal database bring the same provenance?
A normal database can be altered by a single entity that created it and therefore be modified where as with blockchain, information/ transactions can only be added and not removed. -
Why is digital provenance such a great benefit to many businesses?
Businesses can use digital provenance to create transparency with it’s customers which in return builds trust. With trust customers are more likely to stay loyal and make repeat purchases or share positive reviews with others.
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How does blockchain enable digital provenance?
The Blockchain can be viewed by anyone. We can trace every single transaction. The Blockchain also verifies every single transaction. -
Why doesn’t a normal database bring the same provenance?
Most databases are centralized and are viewed by select group of people. -
Why is digital provenance such a great benefit to many business?
You’re able to verify information and not rely on trust. Businesses are able to view their auditing in real time. As well as compile layers of information together. I.e. Accounting Layers and Transaction Layers.
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