1 How does blockchain enable digital provenance?
Every steps of a process are stored and can be verifyed. We can track and chek anything from its provennance from the begining of the process until the end, and that include financial transactions, logistic transactions, food and its ingridents, clothes, etc.
2Why doesn’t a normal database bring the same provenance?
Porque um banco de dados normal é centralizado e a auditoria não está acessível para ninguém além de quem a gere.
3Why is digital provenance such a great benefit to many businesses?
Trustless operations can guarantee a more rigorous process and easy checks by customers and suppliers
Transactions and audits can be more efficient and in real time with more information available on what really happened where can be checked the state of each step of the process
??? english please! Or was that the point?
- How does blockchain enable digital provenance?
Blockchain enables digital provenance by keeping a decentralized immutable digital ledger of all transactions, in real time, made using the blockchain. This means that any person can view any transaction on the blockchain at anytime.
- Why doesn’t a normal database bring the same provenance ?
A normal database is not decentralized and can be edited by removing content / transactions by the person / people in control of the database
- Why is digital provenance such a great benefit to many businesses?
Digital provenance can improve the efficiency of many types of business. An example of this would be through accounting and auditing. Currently businesses need to be audited by an account who goes through paper and digital statements. Provenance on the blockchain combines the transaction and the accounting layers together meaning that this process is no longer necessary. An example of a benefit to consumers is through using digital provenance for supply chain transparency. Using digital provenance a consumer can see exactly what ingredients have been put into their food and exactly what materials have been put into their clothing / where it was made. This removes the need for the consumer to trust in the supplier as there is transparency. Don’t trust -Verify
Here are my answers.
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Because it is decentralised and public so it’s makes it very trust worthy to track
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Because a single authority than could possibly manipulate or change the data to make it less trust worthy
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because everything can be traced from the very start and it will be way faster
Because a normal database is centralized and the audit is not accessible to anyone other than those who manage it.
1- Assuming that the truth is provided, each blockchain entry will will be plausible in relation to the previous and the following entries. In addition no entry can be altered or deleted.
2- Because a normal database ist fed by its operator and can therefore be altered to its liking
3- I hope that digital provenance will be the end of conspiracys because there should be no arguing about facts. Instead it should generate more trust because everybody can for example track the origins of a product they are buying or see the flow of money they invested with a bank etc…
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Blockchain is a public digital ledger, so it can be used to track a series of transactions, or a series of other events / exchanges. In this way it can be used to enable digital provenance - you can look at the blockchain to see what went into a process or product along the way.
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Normal databases can be altered at any point in time, so there is no guarantee that they accurately reflect history. Blcokchains, on the other hand, are immutable - no one can go back and change the sequence of transactions or events captured.
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It removes trust from the equation. Instead of businesses either having to trust others, or to prove to their customers certain things, the blockchain can now verify those things for them - for example, verifying the ingredients that went into their product.
1 How does blockchain enable digital provenance?
Every information received and stored in the blockchain database is locked into it and cannot be corrupted/changed afterwards. This enables a trustless way of keeping track of any second party data.
2. Why doesn’t a normal database bring the same provenance?
Because it is opposite to the blockchain database in regards to having the capability of changing the data once the information has entered a normal database.
3. Why is digital provenance such a great benefit to many businesses ?
Trustless operations require less hassle, more efficiency and less time spent for this. More time = more money
- How does blockchain enable digital provenance?
By keeping a record of transactions on an immutable public record. All transactions are verified and cannot be altered after the fact.
Assuming the information is accurate digital provenance can be enabled.
- Why doesn’t a normal database bring the same provenance?
Normal database entries can be amended/changed and even more susceptible to operator error.
- Why is digital provenance such a great benefit to many businesses?
Data is power. Accurate, timely and reliable information provides a huge advantage to companies. This can manifest itself in economic, social and safety benefits.
1- The blockchain is a public ledger allowing allowing all users to see all transactions that have been made. As a result, the accounting and transaction aspects are brought together. This makes the tracing of all transactions possible and available for every user.
2- A normal database does not deliver data in real time and can be modified in terms of deleting material. The blockchain allows real time audit and since it is a decentralized network, deleting material already recorded is impossible.
3- Digital provenance removes the blind trust factor from the business world and provides real-time unquestionable data about all business aspects and transactions. This improves efficiency and quality of production and also enables continuous and immediate audit.
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Because every transaction is transparant one can verify the origin each step of the way.
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Normal databases are centralised and thus prone to manipulation or breaches.
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Digital provenance allow us to remove trust from the equation by being fully transparent.
- Public Ledger of Transactions on the Internet
- Data can be changed/modified or removed
- Transparent to Audit by anyone
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How does blockchain enable digital provenance?
by being decentralized and its database being add-only -
Why doesn’t a normal database bring the same provenance?
because you can delete something in the past -
Why is digital provenance such a great benefit to many businesses?
they can prove the origin of their supplies
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On a blockchain, there is a public ledger by which one can view all past transactions and activity associated an item (currency, etc) in question.
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With a traditional database, the recording of transactions is not automatic therefore we must put our trust in fallable humans to ensure that all information is recorded accurately. This often leaves us with no way to verify accuracy and authenticity of information.
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With greater transparency, customers can have greater assurance that there is no deception concerning the products or services they receive. This can help a business maintain a positive reputation in contrast with a trust based business.
- Because of the transparency involved with blockchain, the goods transferred via blockchain would come complete with the transfer history of said goods.
2.Traditional databases or those that administrate them could be considered a mediator between parties of business, a service trusted to complete the transaction. Blockchain exists to have everything verified (money, goods, services, records, quality, etc…) at the time of purchase. With this contract in place, a traditional database is no longer necessary.
3.Digital provenance ensure you get exactly what you pay for. Digital provenance can also verify the quality of your product from shady accusations and business dealings.
1.By acting as a store house of all the transaction that are taking place on blockchain , one can go and verify any transaction happening
2.A normal database would need a moderator which would approve the database update/insert requests
3. It helps back trace the source of information
1.) All transactions can be easily tracked.
2.) Not enough information is available.
3.) It will reduce manpower and expenses.And also they can tracked all the transactions .
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Blockchain enables digital provenance through making the system more transparent rather than opaque. It makes the system more full proof and reliable. Things are taken for real value rather than face value. It eliminates the trust factor and includes more factual data.
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A normal database is usually operated, controlled or manipulated by those who can access it. The data might have forced or unforced errors. It also can be made available or removed from public access, which is unreliable.
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It is a trustless blockchain ledger built for public access at all times. Data is the same throughout the system which will help business minus their errors and also have complete knowledge about their product/services.
- Through the ledgers where every transaction is public and all data added to the blockchain is immutable, meaning no one can change it.
- Normal databases allow editing by the people running them and is therefore not really trustworthy.
- It removes the trust and replaces it with information that you easily can verify.
1.) Bitcoin lets you check every input. can’t be faked.
2.) It’s not public. Is controlled by an central authority and can by that be manipulated/deleted
3.) it is a very efficient way of provenance. cost reduction.