Homework on Provenance - Questions

Blockchain and Bitcoin 101
#4035 
How does blockchain enable digital provenance?

Blockchain helps digital provenance by being a decentralized database that can only have information added to it. It takes away the trust aspect, but it is easier to simply verify the information.

Why doesn’t a normal database bring the same provenance?

Normal databases are usually run by one central organization and they can go in and “fudge” the numbers, change the data, and delete things if they want. They also are not usually transparent to the public, so accounting ledgers, supply lines etc are kept hidden from the individual consumer.

Why is digital provenance such a great benefit to many businesses?

Digital provenance can be a huge benefit to the companies that are willing to adopt it because it will provide transparency and accountability which will help build trust from the consumer. It will also speed up the transaction auditing process saving businesses money.

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#4036

  1. How does blockchain enable digital provenance? Answer: Through its public ledger technology.

  2. Why doesn’t a normal database bring the same provenance? Answer: Because it does not have the option to cross-check with other databases that the information it receives is correct.

  3. Why is digital provenance such a great benefit to many businesses? Answer: Because it enables businesses to trace their supply chains to a much greater degree. Digital provenance gives businesses 100% traceability aka full transparency. As a result, companies do not have to rely on trust to the same extent as all information is stored in the public ledger that they use.

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#4037
  1. Every transaction in Blockchain is verified, post verification it can’t be altered/deleted. Verification brings accuracy and committing each transaction keeps track of source and eliminates fraud. As this is public and accessible to all with updated information it is transparent, secure, and accurate.
  2. Normal databases are not accessible to all, its information can be erasable. Verification before adding a transaction is not present hence it leads to inaccuracy and is not adoptable.
    3.Business can be efficient when each and every step in the cycle is tracked, verified, and recorded. Digital provenance makes it easy for businesses to function more accurately by tracking and verifying, thereby increasing the quality of the outcome.
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#4038

  1. Blockchain is a technology that can helps records the provenance of digital assets.

  2. Normal database is centralized. Meaning someone of some group can control the database.

  3. Digital provenance thru blockchain will prevent counterfeiting. Businesses can save money by using blockchain and then pass the saving to consumers.

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#4039

A1. Digital provenance is enable through blockchain because is unchanging over time which means the data that enters into the blockchain cannot be modified or deleted. it’ll always be a part of this unaltered digital public ledger which allows to track every transaction or event in the blockchain.

A2. A normal database could be altered or tampered by a third party, on the other hand a digital database is manage by a series of computers that verify each transaction using algorithms almost impossible to manipulate or be altered.

A3. Blockchain technology is highly beneficial for businesses because is trustless, more efficient and allows you to verify transactions and accounting data in the same public ledger, is also cheaper than traditional database companies.

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#4040
  1. Digital provenance comes from the merkle roots and hash functions and the verification by the nodes. Not 100% sure on the specifics
  2. Normal data bases dont have a publoc ledger and they are not verified using the merkle root and hash function which i think is like 1 long never ending math problem
  3. Provenance has alot of uses but the main thing is that everything is verifiable so u dont have to take anyones word for it
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#4041
  1. How does blockchain enable digital provenance?
  • The blockchain enable digital provenance by tracing and tracking every ingredient and financial transaction.
  1. Why doesn’t a normal database bring the same provenance?
  • A normal database doesn’t bring the same provenance because the data is centralised and can be hacked
  1. Why is digital provenance such a great benefit to many businesses?
  • The digital provenance such a great benefit to many businesses because the information or data able to be tracked and verified for better improvement.
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#4042

  1. How does blockchain enable digital provenance?
    Blockchain is a Digital stone, where all transactions are stored. They can be added but can not be erased or removed. Therefore it enables Provenance by being traceble at any time and is trustless.

  2. Why doesn’t a normal database bring the same provenance?
    Because it is controlled by central authority, it can be edited/erased/tampered/manipulated

  3. Why is digital provenance such a great benefit to many businesses?
    Because it provides real time auditing & verifying, as well tracking/accuracy/trust/safe

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#4043

  1. Blockchain enables digital provenance by allowing us to share data publically to be verified by others via nodes of our network. It allows us to trace the origin of any transaction or data given in the blockchain network. There by allowing us to view information from verified sources that includes the data.

  2. Normal databases don’t carry the same kind of provenance because its scope of information being verified by either party is very limited. It is with hope and trust the parties are both in a good business relationship where they can rely on each other to do their parts i.e. food distribution, etc.

  3. Digital provenance is a great benefit to businesses because it allows them to verify the products authenticity, ledger, and other information used in their partnerships.

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#4044

Hello everyone!

1.How does blockchain enable digital provenance?

The fact that blockchain is a ledger where data can be only added and not removed makes it incorruptible. When the human factor takes control of something, sooner or later, corruption appears to a certain degree. This makes information not 100% verifiable, there is always a chance that things have been manipulated, so you have to trust that the information provided is true.

With blockchain, all the information added to the database will always be there and be used to be built upon. And, just as we can go back to the first Bitcoin transaction ever made, we can also go back and trace any part of a process that is entered into this ledger. Users, business partners, and consumers can be sure that the information is true. Information is public and transparent.

Why doesn’t a normal database bring the same provenance?

A normal database does not incorporate the mathematical technology behind blockchain. The hash or unique footprint of each transaction makes it impossible to modify. A normal database can have information added or removed at any time and therefore, it is not a tool that can enable real-time auditing.

Why is digital provenance such a great benefit to many businesses?

As a consumer or business partner, I would 100% trust a company that is comfortable with using blockchain to keep track of its business. And 100% trust translates into this concept of do not trust, verify.

Also, companies may save money by optimizing their finance area as several steps and processes, including auditing, can be simplified. Simplification seems to be an important benefit for companies.

R

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#4045
  1. its is decentralized public ledger, where nobody can remove or change data in any way, every single transaction can be tracked by any public member,
  2. Normal data base is centralized and it can be compromised.
  3. Businesses are able not just trust , but verify, legitimacy off goods, services and etc.
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#4046

  1. Real time record of immutable digital record. No central authority/government/party can alter the data once recorded on the blockchain.

  2. A centralised database can be corruptible, in that in requires trust in the party that control the data. Data on a normal database can be altered or removed. Its also expensive and delays are involved.

  3. Its fast, provides accurate traceability. and auditing in real time. No reliance on third party.

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#4047

  • How does blockchain enable digital provenance?
    Since the blockchain is public and irrefutable, the entire history of transactions can be reviewed at anytime.

  • Why doesn’t a normal database bring the same provenance?
    Since a normal database is run by someone or some company, this information isn’t in the public domain and therefore not available for review.

  • Why is digital provenance such a great benefit to many businesses?
    The ability for end users to verify where, when, and what was involved in the creation of their product.

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#4048
  1. By being immutable so every transaction and data that comes with it is transparant and can be traced back.
  2. Normal databases are centralized and can be manipulated manualy.
  3. There is no trust involved, every single detail of the blockchain is open source which makes it save to use.
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#4049
  1. How does blockchain enable digital provenance?

Transaction is written in blockchain, so it cannot be changed or removed, it is transparent because blockchain is public ledger and everyone can see it and track the history of the transaction.

  1. Why doesn’t a normal database bring the same provenance?

Normal database can be manipulated or it can be lost and it may be difficult to restore data.

  1. Why is digital provenance such a great benefit to many businesses?

Because transactions can be tracked in real time, we may not need traditional auditing anymore and this would bring a lot of efficiency to companies. Moreover, it makes possible to track the origin of products and therefore there is no need to trust suppliers anymore. Mathematic methods will verify this for us. Don’t trust, verify!

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#4050

[quote=“ivan, post:1, topic:8423, full:true”]
Homework on Provenance - Questions

  1. How does blockchain enable digital provenance?

Public ledger, global peer-to-peer network to provide an open plateform that can deliver neutrality, reliability and security.
Traceability for transactions, trustful, immutable and recorded on the blockchain

  1. Why doesn’t a normal database bring the same provenance?

Centralized systems can’t power transparency, database can be manipulate
Bureaucratic leadership / delays in work / corruptible

  1. Why is digital provenance such a great benefit to many businesses?

Provenance enables to secure traceability of certifications and other salient information in supply chains.
every physical product to come with a digital ‘passport’ that proves authenticity, and origin, creating an auditable record of the journey behind all physical products ⇒ potential benefits for businesses.

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#4051
  1. How does blockchain enable digital provenance?

Because all transactions can be traced. There is no need to trust something because it can be verified. Everything can be verified immediately. The data on the nature of the transaction can even be imbedded in the transaction.

  1. Why doesn’t normal database bring the same provenance?

Audits can be done whenever desired instead of waiting until later long after someone might have cheated. Audits can be done much faster since everything is digitally available immediately. Data entered in the blockchain cannot be altered or removed, so there is a permanent record for verification.

  1. Why is digital provenance such a great benefit to many businesses?

There is no need to trust other people because the claimed nature of a transaction can be verified. This can include tracing the history of most anything including physical items such material for production. People can tell where items were, when, and their state such as temperature stored, etc.

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#4052

Through the blockchain, you can see a public ledger and you do not need to trust.

Most databases are not open source and open to the public for viewing. With blockchain it is.

You can see how the supply chain operates, auditing is easier, and you can see where all the money goes.

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#4053

1. How does blockchain enable digital provenance?
Blockchain is a public ledger.
You can add things, not remove them.
If you add the story of your product, from your supplier to your process to your supply chain
all data can be easily tracked and cannot be removed / modified

2. Why doesn’t a normal database bring the same provenance?
A normal database data can be modified, removed, hacked.
A blockchain data cannot be modified, removed or hacked as all nodes of the ledger has the same info.
You don’t need to trust, you just need to verify

3. Why is digital provenance such a great benefit to many businesses?
Every business can easily track whatever data they need.
Every customer can easily verify all the data they want.
As no one can change the data in the blockchain, it removes trust from the equation.
Enables real time audits.

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#4054
  1. How does Blockchain enable digital provenance?
    It is a trustless public ledger where you can add but never remove information/transaction. it is a “Digital Stone”
  2. Why doesn’t a normal database bring the same provenance?
    Normal Data can be manipulated, removed or erased, if database crashes, data can be lost.
  3. Why is digital provenance such a great benefit to many businesses?
    Real time verified, automatic give you necessary audit. requires no trust.
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