- Blockchain provides transparency of the transactions activity. Transactional input cannot be removed from the data structure. It provides real time auditing by putting together accounting layer and transactional layer into accessible and verifiyable public ledger.
- Normal data base is centralized and can be edited/overwritten by any user while blockchain data cannot be removed, copied or manipulated, because transactional input has its own individual code and can be tracked and verified.
- It contributes to lower cost control, fraud risk, more efficiencies and effective time management.
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- Each transaction in a sequence is auditable and transparent. Once verified, each transaction is immutable, can’t be changed or deleted.
- A typical database allow for mutable entries or transactions.
- Each transaction is trustee’s and easily verifiable.
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The blockchain enables digital provenance by recording transactions publicly. and recording these transactions in a way that is irreversible.
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A normal database is more vague and usually centralized. The blockchain is public.
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It is an amazing benefit to many businesses because it can provide real time accounting. The blockchain is also more trustworthy.
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Blockchain promotes digital provenance by utilizing public ledger and open source. This allows any entity to record their data, allowing it to be verified by the nodes or admins. No data is owned by a single entity which therefore cannot be manipulated without verification by the admin.
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Normal database can be owned and manipulated by a single body, hence cannot bring provenance as there is no transparency.
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Digital provenance provides transparency, public data at real time verified by the nodes and/or admins which allows auditing 24/7.
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In the way that each actor at each step of the supply chain can add information without being able to edit or remove data from the previous actor, which gives a 100% accurate tracking data delivered to the final receiver.
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Depending on how many actors are involved on the supply chain, classic database can be edited and re-edited a hundred times. Accuracy is not guaranteed.
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With food for example, it can help to determine at what moment the cold chain has been broken and therefore determine the responsibilities. It is a huge factor of trust for the final client.
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- By making all transactions public.
- It rely on trust, in one authority.
- They can cut on audit expanses, faster logistics, higher product quality, this is just what i can think of right now! OMFG!!
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- It enables provenance by keeping track of all transactions by accounting in real time. It is one place where all of your accounting and transactions take place.
- A normal database doesn’t do real time auditing. It requires companies or people to look through your receipts manually. Therefore taking a lot longer than blockchain.
- It is a benefit because many businesses can use real time auditing and they can trace financial transactions in real time which is more efficient than doing so manually. And if you don’t trust you can verify for yourself.
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- How does blockchain enable digital provenance?
Blockchain enables digital provenance by tracking all of the transactions on blockchain. Each transaction, each audit can be tracked in real time. All transactions are completely traceable and visible which provides complete transparency in multiple industries, like financial, food or clothing industry where all the data about whole process from the beginning to the end is written in the form of unchangeable data on blockchain.
- Why doesn’t a normal database bring the same provenance?
The normal database doesn’t provide information about origin and history of data like it’s the case with blockchain technology which provides exactly that. In different industries, like financial or food industry, their databases are usually based on pure trust between manufacturer and the supplier, while in blockchain all the real data about origin and history of their products is completely traceable.
- Why is digital provenance such a great benefit to many businesses?
In blockchain you can trace anything and this is why the element of trust can be removed from so many industries and different fields. The purpose is to achieve trustlessness and completely rely on real data about where and when the product has been and which materials have been used to make it.
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You cannot remove data, you can only add data. It is all public and anyone can access it. Everything can be traced
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Normal database has an owner. There’s some company, org, gov or authority maintaining it. You need to trust them.
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There is no need for trust, anything can be verified by customers.
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- How does blockchain enable digital provenance?
Blockchain aims to provide an immutable ledger of information that is public for participants to view. They can see a history of transactions and information to know what has happened in the past.
- Why doesn’t a normal database bring the same provenance?
In normal databases it is too easy to read and write data. With blockchain, the goal is to make it only possible to add data, not change or remove it.
- Why is digital provenance such a great benefit to many businesses?
They can verify where financial transactions came from, or where things they receive came from
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- It brings transparency. It allows for real-time auditing and traceability due to the way it operates
- Because it does not operate on the same level as blockchain where information can be added but not removed; normal database can be tampered with
3)Provenance enables businesses to easily collate their data and also verify key information (e.g. are all the ingredients in the product as stated on the label)
It allows anyone to check the validity of information;
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1-Blockchain can do real time auditing since its a system of computers working together to keep all data secured and traceable. It also brings transparency.
2-because it doesn’t do real time auditing and plus it mainly goes of trust.and blockchain can’t remove info while normal data bases can be messed with.
3-its a public ledger so you can see where all transaction are going and can do things much faster and easier.
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- It cannot be changed ,fast and secure
2.it replies on trust information from the previous data that cannot be verified,informations could be wrong or edited.
3.it’s fast ,secure and reliable.
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Everyone can actually track and audit in real time an information available in the blockchain.
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Because information can be hidden, can be opaque, can be modified at all times by anyone that has this power, without being 100% sure about the fact that the information is reliable at all time.
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Continuous auditing, reliability, no need for Trust
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I appreciate everyone’s answers to these questions.
I want to play Devil’s Advocate here, however.
The blockchain can only list the data fed into it. If garbage is fed in, then garbage will be shown in the ledger.
While the data on the blockhain is immutable, there is no way to verify the data is accurate.
For example, if a beef supplier is using 20% cat meat in its hamburger meat, they can still CLAIM it is 100% beef and put the lie on the blockchain and the lie will then become immutable.
There will still remain a need for real world inspectors, auditors, etc. to verify the veracity of the data being stored on the blockchain.
GARBAGE IN GARBAGE OUT has always been a challenge in the digital age. This is no different.
David
- All transactions are public and can be tracked
- Information in regular database can be changed
- All transactions can be traced, as well as achieving trustless transactions
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- Blockchain enables digital provenance by allow anyone access to verify transactions through the blockchain built in ledger system. This provides provenance because it removes the need for trust.
2.A normal database uses a ledger system that can be manipulated unlike the blockchain. Because of this, the same level of provenance cannot be achieved due to the express interest of whoever controls a centralized database.
3.This makes blockchain a great benefit to many existing businesses because it removes the need for trust between parties, whether that is from enterprise to end user or between enterprises. This will make verification easier and more efficient overall.
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Bitcoin is intended for financial transactions and can’t be really faked on the blockchain level. How supply chain data validity is insured is not part of it, but some use it as an example but I agree with your statement.
There are however projects that tackle this issue, one of them being OriginTrail. I encourage you you check them out and ask how they solve this issue. 
I think that’s when consensus and incentives come into play.
When eventually people discover that their meat contains cat meat,it will be bad for the company and their reputation needless to say.
However they still have options such as rebranding and stuff.
Becoz of some previous blockchain infos recorded it will be not easy for them to survive even as a rebrand unless they play the game ultra clever.
It’s too much hassle for someone to play with blockchain data.
Just my opinion.
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Blockchain enables digital provenance by providing a way for all transactions made in a certain domain public so that all users can see. This removes all trust from the supply chain, money supply, etc. Going around the truth is essentially impossible.
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A normal database does not bring the same provenance because traditional databases are controlled by someone or something and are not public for everyone to see. Also, traditional databases sometimes do not update/verify in real time.
3.Digital Provenance is such a great benefit to many businesses because it allows all industries to have a block chain to verify all products they are receiving and allow everyone to know exactly what is going into products and where these products come from. It can continuously mitigate illegal activities and lying companies and bring about more clarity.
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