Blockchain gives the ability to track every contract from the moment of its inception. This helps with verification and does not rely on trusting that people or companies have your best interest in mind. This will make things easier and more automated and force accountability with the government and companies. This would probably also make auditing much less expensive. All in all great for the future.
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1. How does blockchain enable digital provenance?
It uses a decentralized protocol, everyone may have or can have a finger in it, they can trail the transaction, they can see it as it almost crossed their face. It allows the transaction to be “written in stone” and never removed, and extremely difficult to alter. It allows for easy audit and transparency. This is based upon how the blockchain, for its respective project or use case, has been developed and its dependancy on no centralized control.
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Why doesn’t a normal database bring the same provenance?
Unlike regular/traditional/conventional databases, they can be updated various ways, usually by updating and overwriting older information. Human error could magically hit that delete button. These databases are “more” prone to hacks, corruption, whether software or hardware based. Hell the database can just take a dump! -
Why is digital provenance such a great benefit to many businesses?
- Speeds up transactions (possibly some, not all)
- Creates efficiency in work flow
- Creates transaction secuity inherent within the blockchains characteristics
- Arguably cheaper for blockchain based uses than traditional processes and procedures
- Greener (less paper)
- Ability to be adaptive for a wide range of use cases depending on the entities end result.
- Auditing is a “breeze”
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You cannot change the data in the base, connot be corrupted, you can look, real time, at the transaction
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You can change all the data into the database and it is not traceable
3.Trust is not into the equation anymore it is all about verified, approved
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How does blockchain enable digital provenance?
Blockchain allows businesses or institutions to make transparent transactions and tracking through on a public platform. It’s accessible to anyone. It can’t be altered and its stored/verified permanently. -
Why doesn’t a normal database bring the same provenance?
They require a middle man to verify the transactions in the financial sector or trust in the supply chain sector. This takes time and energy. It allows room for subjectivity and error. -
Why is digital provenance such a great benefit to many businesses?
It allows them to combine their transactions with verifiable accounting in minutes or instantly. There is no need for year end auditing, but it will happen constantly throughout the year without interruption.
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- By verifying products of services on the blockchain
- Becasuse you need people to verify every step of the way causing a trust system in order to make that product of services work
- It well allow alot of compaines to save time and money and to allow them verify method ever 1 min
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- By providing unchangeable record of transactions on public ledger
- Because it is not public, and could possibly be edited by bad actors
- Because their transactions, supply chains, etc. can be easily audited remotely.
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Blockchain enables digital provenance as it is a ‘digital stone’, you remove the need for trust as no one entity can change this data and it can be verified by any computer in the network.
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Normal databases are centralized which are reliant on trust. Centralized databases are prone to hacking as there is a single point of failure.
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Digital provenance gives full transparency to the customer removing the need for trust.
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- everything on the blockchain is traceable and can’t be removed
- possibly controlled by 1 entity (corruptable)
- trustless, can be viewed by anyone at all times
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Blockchain enables digital provenance due to the following: records cannot be erased, a public ledger allows anyone to verify the transactions, and being permissionless anyone can add to the blockchain.
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A normal database requires trust in the central authority that has control over what is added and ultimately what can be removed from the database.
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When users can verify in real time information and/or transactions it removes the need for trust.
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1 The ledger of the blockchain allows trust of the Transactions.
2 it allows more trust in transactions.
It allows trust between companies to verify what their suppliers sell them.
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- How does blockchain enable digital provenance?
Blockchain enables provenances by keeping track of every single transaction that has occurred with a currency since its inception. This public ledger is upheld by the entire network of computers running the blockchain.
- Why doesn’t a normal database bring the same provenance?
A normal database doesn’t bring the same provenance because its database isn’t held on a network of different computers where the database’s past can be unanimously verified. A normal database is held in one location and can be retroactively manipulated.
- Why is digital provenance such a great benefit to many businesses?
A digital provenance is a great benefit to many businesses because it cuts down on or eliminates the costs of keeping track of transactions in an auditing/accounting sense. There is also the possibility of automating supply chain tracking, all the way back to the original source of any given materials.
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the blockchain enables provenance by allowing anyone to verify a transaction
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on a normal database, information can be removed or altered. Whereas, in blockchain, information is entered and cannot be altered.
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digital provenance is beneficial to any business because it uses a decentralized, trust less, self auditing way to verify information on a blockchain.
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It would allow anyone who has access to the internet to verify information that you might not necessarily have access to else wise.
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Normal data bases can be easily manipulated or cheated which allows for a trust system.
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It would allow for real time auditing, accounting, food tracking, and so much more. This would help business build better relations to their consumers as well since we can verify all the information.
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- How does blockchain enable digital provenance? Simply by being a digital ledger. You could register every piece of information that’s close to being important for the provenance, depending on the case.
- Why doesn’t a normal database bring the same provenance? Because it’s not distributed and public for all the nodes of the network.
- Why is digital provenance such a great benefit to many businesses? Because it’s a trustless system which you don’t need to trust but just verify.
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How does blockchain enable digital provenance?
Every transaction is recorded in the blockchain, making the data traceable to its origin. -
Why doesn’t a normal database bring the same provenance?
Centralized databases can alter data. -
Why is digital provenance such a great benefit to many businesses?
It takes trust out of the equation, and enables businesses to trace and verify the data in the blockchain.
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1 - Blockchain enables digital provenance by keeping an immutable digital ledger that is verified on separate computers all over the world
2 - A normal database doesn’t bring the same provenance because they are centralized, which leads to them being able to alter the data of the past. Leading to a trustless system.
3 - Digital provenance is a great benefit to many businesses because they do not need to constantly verify the information they receive from others. They can have it automatically verified on the blockchain, which leads to more efficiency and real trust.
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How does blockchain enable digital provenance?
-I remembered the example of the stone where you can write data, that can be Public verified, by a global independent network where you can check the validity of transactions, and it can just receive data , cannot be manipulated. The time and way company deal with audits would be exponentially affected. -
Why doesn’t a normal database bring the same provenance?
-centralized data network
-can be manipulated, erased, lost -TRUST
-blockchain one way in then data cannot be changed. -
Why is digital provenance such a great benefit to many businesses?
it would allow REAL food tracking and break this trust, helping so many people and humanity.
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-How does blockchain enable digital provenance?
Blockchain enables digital provenance by tracing transactions
-Why doesn’t a normal database bring the same provenance?
Because there is not a public ledger or access to verify it
Why is digital provenance such a great benefit to many businesses?
-Digital provenance allows the direct verification of the origin from diferents products and transactions
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How does blockchain enable digital provenance?
With the ability of trace back every single transaction recorded in the ledger to its origin. -
Why doesn’t a normal database bring the same provenance?
Data in a normal database can be modified or altered contrary to the blockchain where data can only be added and not modified/deleted. -
Why is digital provenance such a great benefit to many businesses?
It makes possible to verify things instead to just trust.
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Blockchain technology enables digital provenance through the decentralization of information and through the consecuative building of blocks on the block chain, therefore allowing data to be traced to its place or source of origin with out any foul actors manipulating data. This allows for trust-less exchange goods, services, data, etc.
Normal databases do not allow the same autonomy because they are centralized systems where by people can go into the central source/database and make changes with out all parties involved being aware of the changes.
Digital provenance is epic for businesses because data can be VERIFIABLE that is is true to its source. This means that raw materials can be verified and traced from its original source. This is especially important for food, building materials, health records and others things that could mean life or death to humans. This ensures the highest standards of quality control. This epic for finance, also, people would never have to worry about being audited because the data is verifiable from the start.
Overall, block chain technology is creating a trust-less system where we no longer have to rely on our faith of other businesses and people to be honest, we are just relying on the technology itself that we trust.
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