Homework on Provenance - Questions

[chitamyname]

1 How does blockchain enable digital provenance?

Blockchain tracks every movement/transaction occurred in the space and enables a transparent exposure of this information to anyone in real time.

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

A normal database is not open to the public and data changes are not easily traceable. In order to gain the public trust it needs to be audited by third-party entities.

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

• No need of external audit
• Digital provenance facilitate transparency within company and its costumers.
• The ability to trace original transactions opens the possibility to offer new innovative services to customers. Such as provide information where a purchase comes from

[mattsf]

1. How does blockchain enable digital provenance?
   All transactions are permanently recorded in real time.
2. Why doesn’t a normal database bring the same provenance?
   Individual “actions” of each transaction must be separately recorded
   Database can have items removed or duplicated
3. Why is digital provenance such a great benefit to many businesses?
   Eliminates the need of trust. All transactions will be verified in real time.
   Eliminates the need to record multiple steps, thereby increasing efficiency

[CryptoJedi1]

1. How does blockchain enable digital provenance?
   Blockchains is an digital ledger where Info can be added but not removed. Transactions can be tracked and audited in real time. Every transaction is written on the block chain and can not be removed. Every single transaction can be traced back. Blockchains are decentralized.

2. Why doesn’t a normal database bring the same provenance?
   On a normal database things can be erased and removed. Data can be lost. Centralized and don’t always have access to transactions.

3. Why is digital provenance such a great benefit to many businesses?
   It provides real time auditing. It can show exactly what ingredients are in products. There is accurate traceability. Don;t trust… verify!

[Radoslav5Rov]

1. How does blockchain enable digital provenance?
   Blockchain means transparency. The transparency enables tracking transactions in real time via our public ledger.
2. Why doesn’t a normal database bring the same provenance?
   The normal database is centralised, which could mean biased. Blockchain is immutability which disable third party biased actions, such as different sorts of manipulations.
3. Why is digital provenance such a great benefit to many businesses?

• Provides real time tracking of the data
• Removes the “TRUST” from the business relations
• Enables the participants to follow the supply chain

[PapiCrypto]

1. Blockchain enables digital provenance, due to the fact that it connects everything together. Sources everything into one. Connecting the ecosystems and businesses.
2. Normal database doesn’t provide the same type of provenance the blockchain does, due to the fact that the normal provenance is built on top of too much trust.
   3.It adds real-time verification of what is really doing on.

[r0bz078]

How does blockchain enable digital provenance?

Blockchain enable digital provenance in secure traceability of certifications.

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

There are lots of weaknesses on a normal database due to centralized i.e. vulnerable security issue, could lost of manipulate data. Unlike blockchain you could add data, but cannot removed.

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

Because of the advantages it brings. transparency due to verify authenticity, efficiency due to real time auditing.

[Adamagic]

1. Blockchain enables provenance by adding the information (a time-stamped series of immutable records of data) presented as a block to the existing blockchain. This unique record is stored across the net and is available for everyone to see.

2. A normal database doesn’t bring the same provenance as blockchain because it has a core authority what dictates the truth. Secondly not everyone has the access to the history of the records of information. Third, normal database is prone for manipulation.

3. Since there is more consumption awareness, the companies can provide truthful product data to the consumers.

Advantages for companies: Accounting and transaction on one place.

[IanC]

1. How does blockchain enable digital provenance?
   The blockchain is a decentralised ledger where transactions can only be added to the blockchain and not removed or modified.
   As this is a public ledger (anyone can see view it), it allows the ability to trace the history of any transaction.

2. Why doesn’t a normal database bring the same provenance?
   With a normal database, if it keeps historical data then the history of the transactions can be traced.
   The problem is that a normal database is not decentralised, someone will own the database, and therefore be able to change data held in it.

3. Why is digital provenance such a great benefit to many businesses?
   It creates trust with the business, and can provide real time auditing, leading to financial savings for the business.

[Ryan_Jackson]

1. A blockchain enables digital provenance by providing a way to trace everything back to it’s origin through the ledger of the blockchain itself.

2. Unlike a normal database provenance can put the accounting and Transaction records together in real time.

3. Digital Provenance is such a great benefit to many businesses because it takes away the trust factor. Everything is more transparent as you can verify it on the blockchain.

[InfinitySpark]

Instant, immutable transactions.

You can add to the data base ledger but not remove anything from it.

Transparent transactions and accounting - all in one immutable ledger.

[Devin.Crypto]

How does blockchain enable digital provenance?

Integration of a trustless protocol called decentralization which has no central authority or government controlling it so users can’t get $GME’d.

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

Central authorities can put their Dorito stained fingers on the database and manipulate data.

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

Businesses now don’t need to worry about their projects being tampered with and covered by Dorito stains. They can focus on providing a trustless system, and receive customer stratification in order to determine what’s next.

[Antangus]

Homework - Provenance

Benefits of Using Blockchain

Q1. How does blockchain enable digital provenance?

Answer 1: Capable of real time tracking. Auditing and verification of transaction

Q2. Why doesn’t a normal database bring the same provenance?

Answer 2: Normal data bases can have data both added and removed. Blockchain only allows for data to be added.

Q3. Why is digital provenance such a great benefit to many businesses?

Answer 3: Provides real time auditing connecting accounting with transactions all in one place, thus reducing time greatly.

[nitahoward]

1. How does blockchain enable digital provenance?
   It provides an unforgeable succession record of a digital object and sequence of operations.
2. Why doesn’t a normal database bring the same provenance?
   Until blockchain was created, different operations businesses used were completely separate and didn’t speak/sync to each other. In the past, this may have selfishly served these separate businesses bottom line.
3. Why is digital provenance such a great benefit to many businesses?
   Today businesses can increase their margin and profitability by becoming more efficient, streamlining whenever possible, eliminating redundancy and doing all of the above in record speed.

[Jozef]

1. Blockchain is digital stone where you can add data, but you cannot remove data. It is database, all transactions happen, go to blockchain and are public. It is database of public “ledgers”, any trascations are public and saved.
2. Normal database is not public and run by third parties. Like in auditing Pwc, Delloite, EY, KPMG, takes long time to get results and could be corruptive and not correct. And process of old auditing is slow and extremely time and cost consumingis comparing to blockchain.
3. Digital provenance is great benefit due to the fact that for example auditing can run all seconds on all transactions and without 3rd party risk and lobbing or influence. You can track the path bymanufaturing clothes, foods and be 100 % accurate. Biggest benefit is it remove TRUST. goal of Blockchain is to create trustlessness. Don´t trust - verify.

[Aleksander]

1. B-ch enables real time auditing, so the provenance is written-into the code.

2.Because it is centralised, belonging to 1 body/company.

3. It allows to verify the data instead of trusting the supplyer.

BigUp!

[crwnchakra]

1. How does blockchain enable digital provenance?
   Blockchain enables provenance by utilizing real-time auditing. Traditional methods of auditing chances too many risks including, transactions being processed via paper, losing or corrupted data or having to rely on error prone people [mistakes happen]. As a result of digital provenance, this technology will likely disrupt or kill businesses like Ernst & Young, PWC, Deloitte, KPMG.

2. Why doesn’t a normal database bring the same provenance?
   A normal database is privately held by centralized businesses or entities, thus people have to rely on trusting that these businesses actually follow through on their tasks. Also these businesses are capable of adding/removing data whenever they please - increasing risk for manipulation and/or duplication.

3. Why is digital provenance such a great benefit to many businesses?
   Business are able to verify and confirm their auditing process in one place by the power and consensus of blockchain.

[TheMandalorian]

1. Blockchain allows tracking of every transaction. No manipulation is possible.

2. A normal database is centralized. Transactions can be manipluated and removed. Actions within a normal databse are based on trust.

3. The possibilitly to allow real-time auditing and backtracing is a gamechanger.

[Simenv]

1. A blockchain enables digital provenance because it is immutable and every transaction can be traced. The provenance can be traced to its source and you know that it hasn’t been faked because it’s extremely expensive and difficult to fake.

2. A normal database is centralised and mutable. For you to trust the data in a database you need to know that a trusted person or organisation is in control of it, and that a trusted person or organisation has been in control of it in the past (Otherwise how can you trust that the earlier transactions are legit?).

3. Because you don’t need to trust every middleman to know that the transactional history has not been altered and you can do auditing automatically and even up to and including the last transaction.

[leppflops]

1. Blockchain enables digital provenance by being decentralized and using math to verify if the transactions are genuine.

2. A normal database is centralized, therefore stored in one place so whoever can hack into it will be able to access and alter the data. There is no way to atest that the information in the database is genuine or to track its origins.

3. Digital provenance can benefit businesses not only by certifying that they are trustful and raise customer confidence, but also by assuring the business that the entire supply chain is to be trusted.

[gary1]

1. Network of computers record every transaction for origination and transparency.
2. Sourcing accuracy is dependent on certainly levels of trust.
3. Trust is negated and transparency is 'built in" on the blockchain network.