Homework on Provenance - Questions

[Haseley]

1. Digital provenance is enabled by the blockchain when the accounting layer is included along with the trasaction layer of the contract.

2. A normal database may have the transactional information, but most traditional databases are filled with unverified trust information.

3.The benefit to businesses of digital provenance is that all needed information can be included in blockchain contracts and automated accounting can greatly cut down on labor costs as well as increase informational needs within the construct of the blockchain.

[evadauk]

1. How does blockchain enable digital provenance?
   Items recorded on blockchain/public ledger can’t be removed or changed, it can be traced and tracked in real time by anybody most of the time.
2. Why doesn’t a normal database bring the same provenance?
   Normal data base is centralised/controlled by somebody and data on there easily can be changed/removed.
3. Why is digital provenance such a great benefit to many businesses?
   Digital provenance is trustless model, removes possibility of ill-doing.

[3DMOONBOOTS]

1. How does blockchain enable digital provenance?
2. Why doesn’t a normal database bring the same provenance?
3. Why is digital provenance such a great benefit to many businesses?

1: threw the blockchain all transactions are stored in live data that will never be changed / only added too

2: a normal data base can be changed/edited leaving you with less trust, more expenses and more error for mistakes

3: greater trust , less expenses , simpler audits and reliability

[DigitalDad]

1. How does blockchain enable digital provenance?
   Blockchain is a record that stores transactions which can’t be changed once transacted. Blockchain is like reading a history book today. You can learn about the chain of events and you can change your future based on your actions today but you cannot go back in time to change the past.

2. Why doesn’t a normal database bring the same provenance?
   A normal database is governed by a central party and they could mismanage the data (ie-delete, destroy, lose info) or the central party could go out of business causing all past transactions to be lost.

3. Why is digital provenance such a great benefit to many businesses?
   It can verify business claims, marketing claims and can be completed in real time.

[mirabilis79]

How does blockchain enable digital provenance? It is trackable and traceable through its connection to blockchain database. Public audit can be conducted and verified with transparency


Why doesn’t a normal database bring the same provenance? - Normal database is be editted, erased or manipulated. We can only add data to a real time auditable public ledger.


Why is digital provenance such a great benefit to many businesses? - Don't trust - Verify. Digital provenance has the capability to verify unfounded mistrust or an alleged business misconduct with all real time transactions being an open source to network of nodes.

[Arash]

1- By making it decentralized therefore trust less. in which no central authority or government can control the blockcahin change the data in it.

2- Because there’s a central authority or government that can control it or manipulate it. and there’s a lot of trust involved in a normal database.

3-Because it can bring costumer satisfaction, in which costumers can verify and make sure if the products are high quality or bad quality, and verify if the materials/ingredients that the company say that they use are actually the ones they do, and where are they coming from.

[Astro]

1. Blockchain keeps track of data in a decentralised public ledger meaning no single party can change data while allowing public verification and tracing.

2. A normal database is generally controlled by a single party and can be edited easily.

3. Trust factors are eliminated and time and money are being saved by using less human interaction.

[Cestrada]

1. It enables transparency of transactions in combination with accounting all in the same place.

2. Because the database may not have specifics and can be potentially manipulated or transactions deleted. In addition, databases are different for different companies. Not universal.

3. A business can now eliminate trust as part of the transaction. They can tract a product from beginning to end in the supply chain.

[MarkT]

1. Blockchain enables provenance by, combining the accounting and transactional layers thereby enabling the tracking and auditing of transactions in realtime.

2. The accounting layer and transactional layers are separate. The system is based on trust and must be verified by a third party.

3. Fast and efficient verification of transactions or data are huge benefits. This in turn also saves costs. No more relying/trusting third parties.

[shawnf8992]

Homework on Provenance - Questions

1. How does blockchain enable digital provenance?

Every transaction is written on the blockchain and cannot be removed. The blockchain ledger is open to the public for anyone to go in and verify transaction.

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

In a normal database transactions can be modified, removed, or deleted. Tracing the transaction would not be a very easy task to do and data can be lost if the servers crash.

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

It provides transparency by allowing the traceability of the transactions and products. Providing data to the customers that their product contains what they claim it contains as well as allowing the customer to verify that claim as well.

[Dan_Carter]

1. The blockchain is a distribited ledger containing the history of each transactions existence, which means each transaction can be traced back to its origin.

2. Normal databases are not distributed publicly and verified publicly.

3. Real time auditing etc

[Stacia]

1. immutable record of transaction, digital realtime records.
2. corruptible data, expensive - i.e. staffing, record keeping auditing. Also delays transactions i.e. verifications, audits, record keeping and corrupted data.
3. Trust less transactions, all transactions are mathematically verified and transparent. Faster when removing human interaction) input

[Roberto_Torrens]

1. How does blockchain enable digital provenance?
   Is a digital stone where you can add data but not remove. Every transaction enter to the data base and can be track to verify that they make sense. This is possible due to a network’s of computers.

2. Why doesn’t a normal database bring the same provenance?
   Because a normal database don’t have de same technology and can be manipulated.

3. Why is digital provenance such a great benefit to many businesses?
   Because there will be more efficient to track finance , food , accounting , etc and audit them.

[stonehouse1]

The bitcoin Blockchain is absolute. It cannot be altered and is in incorruptible. It hands the power of provenance to ordinary people and transcends boarders and political restraint. It is a disrupter. It is freedom for the common people but there are many that will try to steal it from us. The truth is a powerful instrument . First they laugh at us , then they rage at us and finally they will accept us .

[firequo]

1. Blockchain enables digital provenance through making transactions transparent, trustless, and traceable through decentralization and the public ledger, as past blocks are immutable and readily available.

2. A normal database relies on a centralized party updating it; often normal databases change or remove information as opposed to appending information as on a blockchain. As every node in the network has a copy of the public ledger, it makes blockchains much more secure compared to traditional databases, which additionally require trust in the centralized authority whereas blockchain is trustless.

3. Digital provenance is a great benefit to businesses as it makes the supply chain trustless - they do not need to trust suppliers on their word as everything is verifiable and transparent. This increases consumer trust in the businesses as well as making auditing much simpler and possible in real-time, increasing efficiency.

[abilton]

How does blockchain enable digital provenance? - All transactions can be traced and tracked in real time

Why doesn’t a normal database bring the same provenance? A normal database would require numbers to be confirmed by a third party and cannot be verified in real time.

Why is digital provenance such a great benefit to many businesses? Removes trust from doing business as all transactions can be verified by the blockchain.

[Baelberg]

It makes sense in my head hope this makes sense too :^) i found it to be seemingly intervened with condense and other aspects.

[Bell]

1. How does blockchain enable digital provenance? The blockchain holds the most important information and allows anyone to check its validity.
2. Why doesn’t a normal database bring the same provenance? Regular databases always have a central authority. Information can be altered.
3. Why is digital provenance such a great benefit to many businesses? It brings trust and accuracy into the equation.

[AliGW]

1. Blockchain enables digital provenance by recording all transactions and the origin of transactions as if they are written in stone.
2. A normal database doesn’t bring the same provenance because data can be removed or erased; whereas in the blockchain, data cannot be removed.
3. Digital provenance is such a great benefit to many businesses because it moves beyond trust and demonstrates solid verification of the business’ dealings/ingredients/materials/etc.

[Alex_A]

1. Digital provenance is enabled by making it possible for:

• an ongoing and unbiased real time auditing process within any environment where transactions occur
• easiness of origin’s traceability whether it’s a product, an asset, or a title, or any action performed with the latter
• substituting TRUST by an corruption free VERIFICATION process

2. Normal databases are all centralized to various extents, and, thus are at temporary risks of being corrupt, misused, attacked, lost … with all the outcomes.

3. Digital Provenance for business is:

• significantly lower transaction costs
• lower risks for conflicts between couterparts
• more transparency into relationships
  … and finally, you, as a business owner/developer/executive/employee don’t need to invest that much of your resouce in building TRUST at any level for it may well be replaced with unbiased VERIFICATION process