Homework on Provenance - Questions

Blockchain and Bitcoin 101
#4560
  1. Blockchain allows tracking and validation of each transaction which cannot be erased or manipulated.
  2. Because a normal database can be manipulated / erased / lost and does not have the same data verification processes as the blockchain.
  3. Because it eliminates the need and cost of periodic external auditing as blockchain operates on real time auditing, business are able to operate more transparently creating trust to consumers and stakeholders alike.
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#4561
  1. Blockchain enables digital provenance because it is a write only distributed ledger. No data can be removed. The transaction is the also the verification.
  2. A normal database can be changed and may have garbage input
  3. Digital provenance is a trustless and highly efficient system
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#4562

Blockchain provenance is the future of record keeping. Blockchain is decentralized, meaning that everything is managed by transparent codes, not by an institution or a group of people.
Any sector where you need to track data across multiple places and sources correctly can benefit from blockchain provenance. A blockchain’s immutable, public, and distributed nature make it the perfect fit for these types of data exchanges. The degree of transparency makes it trustworthy. The information inside the block cannot be altered or modified.

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#4563
  • The “transactions” are stored in the network: trace every step, from origin to costumer
  • Not public, controlled by few, opaque.
  • Provenance could be easily verified at every step and there would be no need to rely on a third party.
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#4564
  • How does blockchain enable digital provenance?

immutable digital real time record

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

corruptable / expensive/ delayed

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

trustless / fast/ private and public access

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#4565
  1. It is a public ledger where something can be tracked, which means it is a database where things can be added and not removed.

2.Information can be added and removed, so someone could edit the information, so you care just trusting that they haven’t edited the information.

  1. It allows customers to track where things are coming from, so it is trustless which means it is verified and so you dont just need to just trust them where it is coming from you know exactly where it has come from
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#4566
  1. All transactions are essentially written in stone on the computer network.
  2. By “normal,” if we refer to humans having to look over someone’s mounds of paperwork, well, there’s things like those second sets of books now, aren’t there? Potential for criminality.
  3. 'Cause blockchain, the database don’t lie.
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#4567

  1. Blockchain enables digital provenance by providing a transparent and complete chain of custody of digital information.

  2. A normal database can be altered more easily than a blockchain database and as a result the blockchain database provides a higher degree of security and authenticity.

  3. The features of digital provenance provides a superior level of quality assurance to many businesses. They can rely on the details of the digital ledger to provide quality assurance rather than promise of the supplier. It removes the need to trust what can be easy to counterfeit and places trust in what is difficult to counterfeit.

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#4568

  1. How does blockchain enable digital provenance?
    a- Blockchain enables digital provenance by allowing whether it may be the consumer of a product, or the distributor of the product to have a trustless relationship. It provides a chain of custody of digital information

  2. Why doesn’t a normal database bring the same provenance?
    a- A normal database requires trust unlike blockchain which runs on a chain of networks that approves each others transactions. Faulty transactions will be ignored by each network and not be verified. In a normal database, faulty transactions are possible to due to the lack of open source technology.

  3. Why is digital provenance such a great benefit to many businesses?
    a- Digital provenance is an advantages to business for many reasons. It allows to business to have a trustless relationship with their supplier ultimately creating a better relationship with the consumer.

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#4569
  1. Digital Provenance puts together the accounting layer and transaction layer in one public ledger. It is allowing tracking on all transactions (i.e. supply chain), enables real-time auditing. It is immutable.
  2. Normal databases are slower, they can crash, and are centralized.
  3. Tracking capability for their entire supply chain.
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#4570

1.) The blockchain technology enables every person, government, company and/or buisness to verify their transactions, shipments or supply chains on a public ledger. As there is a great network of computers verifying everything there is no way to add or remove something that is not verified by everyone else. That makes creates a trustless enviroment where in we dont have to trust our supplier or goverment to do what they say they do but believe in the technology to verify their actions.

2.) Regular databases have the weak spot of not beeing trust less. Since nothing is really verified or documented ( by a high amount of uncorruptable individuals ) we dont know if what is beeing said, was really done. There for we have to trust and believe in the identities to actually do what they say they do.

3.) digital provenance on the blockchain takes a lot of risk out of daily interactions between companies, buisnesses and governments. As they dont have to trust each other but can verify everything for themselves and double check if what the counter party is claiming is actually true. There for even eliminating the counter party risk which has been present for almost all interactions between humans since, well always…

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#4571 
How does blockchain enable digital provenance?

accounting and transactions are assigned together in a decentraised trustless/verified non editable ledger.

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

Lack of Speed, Security, Transparency & Trust

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

It enables real time auditing of the supply chain

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#4572
  1. Blockchain provides an immutable record of all information that is entered and verified on it, which is public data anyone can access forever (or at least all relevant parties to the transaction can access).
  2. A normal database does not require consensus to verify information and is generally not publicly available. It can be tampered with and/or changed after the fact due to a central party being in control of the records.
  3. Digital provenance allows remote monitoring and bookkeeping, tracking of supply chains, etc. in a trustless and verifiable system via a decentralized network.
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#4573
  1. How does blockchain enable digital provenance?
  • Blockchain provides a record of all transactions that have taken place since the beginning. These transactions that have been recorded already cannot be changed and can be verified. This allows for new transactions to have an automatic audit trail to draw from. The decentralized nature of it also ensures unauthorized/illegal entries are simply ignored and not recorded in the ledger.
  1. Why doesn’t a normal database bring the same provenance?
  • In a normal database, data that has already been entered can be modified. This brings in trust, since the authority making the modification needs to be trusted by all parties using the database.
  1. Why is digital provenance such a great benefit to many businesses?
  • Removes the need for having an additional party verifying transactions since the audit trail is there, verifiable publicly. This also ensures past data/transactions cannot be mutated thus ensuring trust and reliability.
2 Likes
#4574

  1. How does blockchain enable digital provenance?
    The Data gets incurved into a permanent Database and cannot be removed.
    So any authority nor person can remove, change or re-write the DB input.

  2. Why doesn’t a normal database bring the same provenance?
    Usual database is based on trust or trusted source of data, and by default we “should” trust the authority.
    It is like with Vaccines - authorities say it is good for us, even though there are at least 2 theories of how immune system works.

  3. Why is digital provenance such a great benefit to many businesses?
    Many businesses can verify the origin of goods, or origin of data, source of information etc.
    This brings a huge benefit to Customers, Companies and Societies in general.

1 Like
#4575

  • How does blockchain enable digital provenance ?
    Everything transactions can be tracked, verified.
    Nothing can be removed, only added datas.
    A network or computer verify each transaction on the data base.

  • Why doesn’t a normal database bring the same provenance?
    Because datas can be removed or changed and nobody can verify/track transactions.

  • Why is digital provenance such a great benefit to many businesses?
    Because of TRUST. It can enable companies to verify infos from other companies that were based on Trust before block chacun. It’s Trustless.
    Audit in real time, quicker =cheaper.

2 Likes
#4576

  1. With blockchain technology you have a live and transparent track record of an object.

  2. Because typical databases can always be edited and tempered with and there isn’t always a way to track these things.

  3. Digital provenance will eliminate the need for trust in businesses, instead all the data can be verified.

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#4577
  1. Records are confirmed by multiple sources that must agree and can be done in real time.
  2. A normal database is centralized and would only need to be altered by single source to make a permanent change.
    3.Honesty and Efficiency. YUUUUGE savings $$$
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#4578

  1. How does blockchain enable digital provenance?
    It allows public means of verification negating the need of a third party for this function.

  2. Why doesn’t a normal database bring the same provenance?
    The data could have been altered so you have to place your trust in the organization maintaining the database.

  3. Why is digital provenance such a great benefit to many businesses?
    After widespread adoption, there will be very low cost for third party auditing services. This will save money for the business.

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#4579

  1. Blockchain enables digital provenance thru real time auditing via public ledger.

  2. Normal databases do not allow real time tracking. Plus they are corruptible as users can remove data unlike blockchain where data cannot be removed…

3)with Blockchain businesses can trust and verify the processes by real time processing and tracking.

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