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Blockchain has no central authority therefore it is trust less. No government can control or remove data contained within it. Every transaction is traceable.
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A normal database is controlled by a authority, company or government and whoever controls the database can remove or erase data.
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Digital provenance is a benefit to business as it allows real time auditing and traceability.
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- How does blockchain enable digital provenance?
Once the information is put in the database that information is stored and can no longer be altered but it can be audited in real time. - Why doesn’t normal database bring the same provenance?
A normal database doesn’t bring the same provenance because that database can still be altered and interrupted so for that it can’t be trusted. - Why is digital provenance such a great benefit to many businesses?
It will bring lots of benefits to many businesses because they don’t have to trust the product that they receive they can just track each process and verify it using digital provenance.
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1. Because its a digital database and every transaction is saved there and it can be audited.
2. Normal database can be destroyed or manipulated by someone else,
3. It makes auditing more efficient because there is no need for someone to come to the office and audit your accaunting and etc. , now he/she can do it in hes/hers office because everything he/she needs is in blockchain.
Also this can improve trust between consumer and seller, because now he can see where did the product come from or what ingredients were used.
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- By having everything recorded in a decentralized manner in the blockchain, so everything is public and everything is trackable.
- Because is controlled by one entity, therefor demands trust in that entity, and not in the database itself. The entity can deny access or manipulate the database.
- By making everything public and trackable, it creates trust and reliability, also makes easy to identify bad agents.
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Blockchain keeps a track of all activity and it can not be erased. It can be easily traced back.
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Normal database can be modified and hence hard to trust.
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Businesses can benefit from digital provenance as it will save time and cost in activities such as auditing. The information will be easy to access and transparent.
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- How does blockchain enable digital provenance?
By decentralized system. Anyone have access to see transactions. You can add but cannot remove things.
- Why doesn’t a normal database bring the same provenance?
Because it is controlled by some kind of authority and data can be manipulated very easily.
- Why is digital provenance such a great benefit to many businesses?
Digital provenance is such a great thing for many businesses because it enables transparent way of doing things. It is just one of the benefits but according to me, very very important.
Transparent way of doing things can “destroy” corruption and make a world a better place.
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Question #1: How does blockchain enable digital provenance?
Blockchain enables divital provenence due to the fact that everything from transactions to the products used in production of food or items has it’s footprint in the blockchain. Trust isn’t a factor anymore, because all can be actually checked and verified. It brings certainty and we know where it comes from.
Question #2: Why doesn’t a normal database bring the same provenance?
Simply put because only the central authority can add to it and change it, therefore we must rely on their performance. People can becorrupted and blockchain cannot
Question #3: Why is digital provenance such a great benefit to many businesses?
Because for the first time in human history we can track and trace all elements of production, the origin trail and transaction details on the blockchain. Before we had to go through some central authority that could tell us what they wanted us to hear.
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“How does blockchain enable digital provenance?”
- By the creation of a write-only, trust-less, immutable public ledger.
“Why doesn’t a normal database bring the same provenance?”
- They aren’t immutable nor do they tend to be public.
“Why is digital provenance such a great benefit to many businesses?”
- You don’t have to spend resources on convincing customers that what you claim about your supply chain or product is genuine. They can look for themselves. By removing the mitigating factor of trust and it’s corresponding dependencies, new kinds of value creation is unlocked.
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Homework on Provenance
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How does blockchain enable digital provenance?
Blockchain enables digital provenance because it is a ledger where you can add data but you can not remove them. And the blockchain is created by a network of computers that have all the same database. So you can track all the “entries”. -
Why doesn’t a normal database bring the same provenance?
Normal database can not bring the same provenance because usually they are not public and so data can be removed or manipulated. -
Why is digital provenance such a great benefit to many businesses?
Digital provenance is such a great benefit to many business because it provide real time auditing. Also provenance make simple make accounting operations because all transaction are in the blockchain and you can verify everything without needs of trust someone.
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- It allows traceability by providing an open ledger that acts as a “viking stone” where data is not able removed. The is done by decentralized POW or POS that has multiple validators.
- Normal databases can be altered and changed as they are typically centrally controlled.
- It can streamline the tracebability of not only their money, but also products. Can help save them money on auditing.
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- Blockchain is decentralized, and each transaction is indelibly stored on a fully trasparent ledger which can be conformed by multiple computers. As a result, all transactions can be traced but not erased.
- Because they are centralized and thus easily corrupted/manipulated.
- Product integrity and value can be traced and verified at multi-levels of progress eliminating the need for trust.
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How does blockchain enable digital provenance?
By bringing transparency at the door of the customers. Blockchain has a feature that allows it to add information that can’t either be removed or manipulated. Therefore making the information immutable and authentic. -
Why doesn’t a normal database bring the same provenance?
Reason1: Generally these databases are centralized that allows the manipulation of data.
Reason2: These databases are maintained by a third party, therefore bringing the trust factor in the transactions. -
Why is digital provenance such a great benefit to many businesses?
Reason 1: To curb the selling of fake products.
Reason 2: To avoid the problem of “double spending”.
Reason 3:Hence providing authenticity, which in turn leads to customer satisfaction and soar in sales.
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- By using the blockchain, we can trace a transaction back to its origin. Having a decentralised database makes it unchangeable.
- A normal database has a centralised source which makes it succeptableto being hacked and to file corruption.
- It provides transparency and a digital record of transactions. It also provides real time auditsand trustless interaction between client and vendor.
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- How does blockchain enable digital provenance?
By structural design, immutability. - Why doesn’t a normal database bring the same provenance?
Normal DB’s aren’t publicly accessible and visible, can be modified. - Why is digital provenance such a great benefit to many businesses?
It’ll allow trustless transactions, less people active in your books, less opportunity for fraudulent activity and with transparency makes it impossible.
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Blockchains are by nature open source and trustless, when information is recorded they will be immutable and decentralized.
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A normal database is written and regulated by a person, it can also be manipulated and tampered by a person. Blockchains on the other hand are written and regulated by code allowing it to be trustless and tamperproof.
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Digital provenance would allow businesses to cut costs by increasing efficiency with real-time audits done digitally rather than manually. It would also encourage more ethical practices because of the frequency and ease audits can be executed.
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How does blockchain enable digital provenance? Blockchains enables digitial provenance by using all the computers or devices that are using the blockchain as a real time public ledger.
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Why doesn’t a normal database bring the same provenance? a normal database doesn’t bring the same as provenance because, in a normal database data has the potential to be stored and deleted. But with provenance all data is written and cant be deleted. Also all the information on each ledger is copied on every system on the network. The system also checks and verify that every other ledger is the same.
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Why is digital provenance such a great benefit to many businesses? Provenance is a great benefit for businesses because it gives companies to do a real time audit, or companies can check where there is a problem with their system or product, etc…
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- How does blockchain enable digital provenance?
It allows you to have complete transparency of all transactions within the blockchain. - Why doesn’t a normal database bring the same provenance?
Because all databases might not be fully integrated with each other and there can be room for error or manipulation when transferring to other databases. - Why is digital provenance such a great benefit to many businesses?
It offers complete verified transparency and can track every process.
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How does blockchain enable digital provenance?
Through the fact of being a public ledger wich allows every single transaction on the blockchain to be tracked at all times by everyone.
Why doesn’t a normal database bring the same provenance?
Because not everybody can publicly access all the information stored within it. Also the information can be changed by the owner at any time.
Why is digital provenance such a great benefit to many businesses?
Because it enables a whole new level of transparency. Cusomers can still trust businesses as before but with digital provenance they have the possibility to also verify all information themselves without or on top of trust.
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All the data is public and can be checked instantly on the public ledger. There is no need for centralised authority to give you access to the data.
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Because it requires a centralised authority to give you access to this data, which they won’t do if you are not a certified auditor.
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It provides their customers with truthful and actual data. It makes companies accountable for their actions. They will finally be motivated to attain a higher degree of transparency and fair-play in order to achieve higher customer base and therefore better sales.
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1)How does blockchain enable digital provenance? And 2) Why doesn’t a normal database bring the same provenance?
Blockchain helps digital provenance by keeping permanent records and improving transparency. Also, since the blockchain is decentralised no 1 single company has control over the data, no one can change the information or database, in other words it is immutable.
Provenance meaning: It enables businesses to easily collate their data, along with open data, and also verify key information on an immutable data ledger called a blockchain. The blockchain holds the most important information and allows anyone to check its validity.
For example: In 2008, Tatiana Khan, an L.A.-based art dealer, sold a Picasso pastel for $2 million – less than half of its original value. But while the buyer thought he was getting the deal of a lifetime; Khan had a secret of her own. In reality, the Picasso artwork was a counterfeit that the art dealer had commissioned for just $1,000. Art forgery is a significant problem in a somewhat minor, but valuable, niche. Although the exact number is unknown, experts estimate that over 50 percent of art pieces are actually fakes. Is art another area in which blockchain technology can help?
It may surprise you to learn, but the art industry is a leader when it comes to blockchain adoption. Specifically, artists and collectors utilize the technology to record and track a piece’s provenance. Or in other words, they use blockchain to audit a work of art’s origin and ownership history. You can audit almost any type of data ownership with blockchain technology. And large enterprises are doing just that. Supply chains are likely the most widely-accepted use-case for blockchain provenance.
IBM, Walmart, and classification behemoth DNV GL all implement blockchain provenance solutions to improve their (or their clients’) supply chains. These companies, and many more, utilize blockchain technology alongside IoT devices to:
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Better track goods along the supply chain,
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Trace defects and food issues back to their sources,
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Prevent item fraud and tampering,
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And reduce intermediaries in multi-organizational processes.
Provenance, an appropriately named company, is providing a blockchain framework for the provenance of financial products. The Centers for Disease Control and Prevention (CDC) are testing blockchain solutions to monitor diseases. And other government agencies like the Cook County Recorder of Deeds in Illinois are moving land registrations on-chain.
- Why doesn’t a normal database bring the same provenance?
Above mentioned little story would have taken different course of action if they had implemented Blockchain Provenance 
Why is digital provenance such a great benefit to many businesses?
As the slogan goes Don’t Trust, VERIFY.
The Auditing will be changed forever who uses the Digital Provenance.
You can have real time audit; you can have audit have every second.
By implementing it you don’t have to wait for someone in your office to come in the future for audit, and go through all receipts you have or financial data.
By using this you can put Accounting and Transaction layer in one operation than having it separate (which is happening at present and can be illuminated by using digital provenance) Anyone can have the information which is still accessible and on an open ledger. You also can have encrypted transaction on public ledger. It doesn’t have to be completely public.
Crypto is huge part of the Provenance Blockchain but is not only part that can use this technology.
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