1. How does blockchain enable digital provenance?
Being programmed to do so mathematically. I´d love to know how the blockchain knows when something is done properly so it can be “certified” or “proven” by the blockchain. Are there some samples I can know about?
2. Why doesn’t a normal database bring the same provenance?
Because it´s done manually by a person so it´s based on trustness.
3. Why is digital provenance such a great benefit to many businesses?
It´s more cost effective and reliable
1 Like
1- blockchain enable digital provision as there is no 3 rd person as well as we just have to verify
2- normal database doesn’t bring the same provenance because it have an authority for example a government or a bank in it as well we have to trust
3- it have great benefits as a every person can work on it who have internet connection as well as there is ni interferance of bank or government
1 Like
- Blockchain enables digital provenance by allowing you to track all transactions in real time, and empowering the user with verification capabilities which help with any trust issues.
- A normal database does not bring the same provenance because, a normal data relies on centralized trust system that is then verified by third party that may not offer the same level of transparency and general consensus.
- Digital provenance is decentralized, transparent and can offer a level effectiveness that is normally not offered by traditional auditing ledgers. which soon or later will grow to be undesired and unsuitable as technology advances.
1 Like
- It is a digital “stone” database and public ledger. Things can be added but nothing removed.
- It can be edited by anyone with access, allowing someone to alter or erase historical transactions. It can also fail completely if stored centrally.
- It is fully transparent to all who wish to audit. No need to hire a specialized audit firm.
1 Like
- Blockchain enables digital provenance by building a decentralised eco system built on trustless technology. no governing body/central authority has the ability to control the market or change the data in it.
- A normal database has fundamentals that require it to be controlled by a superior such as a bank or a governing body, these reasons alone mean that the provenance between them and blockchain very different, as they have the ability to control and manipulate the data where as a blockchain does not.
- What makes digital provenance such a great benefit is that it allows businesses more efficiency due to more trust, traceability of all transactions being able to be tracked in real time, which ties into a more transparent business, allowing for better future growth.
1 Like
- All the transactions are on a public ledger; no ability to alter the transaction and no need for trust
- A normal database is under the control of a limited set of entities - requires trust
- Digital provenance reduces transaction friction - the need to verify (audit, etc.)
1 Like
What is the imagination provoking visual which you have used in this comment? Is there a name for it and a link by which I may learn more?
What can I say about it, but it represents a centralization of thoughts in the center/purple objects and yet a decentralization of thoughts-about-thoughts in the peripheral/dark green outlying objects. The simple vision of the two in one evokes the motion of either one formation into the other.
-
How does blockchain enable digital provenance? It enables digital provenance with the ledger which can verify and track the history of ownership.
-
Why doesn’t a normal database bring the same provenance? With a normal database, you can delete information. With this database, you can only add information.
-
Why is digital provenance such a great benefit to many businesses?
It is a great benefit because businesses can track all of the transactions and processes that a product has been through. This eliminates the need to trust since everything is so transparent.
1 Like
- How does blockchain enable digital provenance?
- Blockchain technology is a database that stores all transactions in a public manner. Transactions can be added, but not modified or deleted. There is no control by a central figure or authority, therefore the system is autonomous and serves as a digital record of all data verified into the blockchain.
- Why doesn’t a normal database bring the same provenance?
- A normal database is controlled by a central figure who has the power to edit and maintain transaction history. Blockchain is a public record that can easily be verified, whereas a normal database is not as transparent.
- Why is digital provenance such a great benefit to many businesses?
- It creates transparency and trustlessness in the business, and reduces friction in the supply chain. It also saves time and manpower to verify or check back on data.
1 Like
-
Blockchain can put together the accounting layer with the transactional layer.
-
because a normal database doesn’t have blockchain technology.
-
Digital provenance has great benefits for businesses because it offers technology that is able to trace the origin of products and it also helps trace financial transactions in real time.
1 Like
1.) How does blockchain enable digital provenance?
The pubic ledger provides real-time transactions in the blockchain, which can’t be modified, duplicated, or otherwise tampered with.
2.) Why doesn’t a normal database bring the same provenance?
Because centralized data can be altered, manipulated, or controlled. Trust is the only component in establishing faith in an industry/institution.
3.) Why is digital provenance such a great benefit to many businesses?
GIves transparency in companies and businesses that allow an honest track record of supply and origin in products and services. In addition, data stored on the blockchain ledger gives instantaneous proof of authenticity.
1 Like
- Blockchain requires all users to confirm inputs. Once inputs are confirmed they are immutable, as such, it is a digital public ledger that allows for the live auditing
- A normal database can be edited and can have data removed, such an ability does not allow for trustless tracking of transactions and inputs.
- Digital provenance removes the need for trust, thus reducing the potential for fraud, and combines both accounting and transaction layers of a business which are typically separate. This reduces the time and cost associated with business, especially when involving long supply chains.
1 Like
With blockchain each and every transaction are tracked in real time. Data entered cannot be erased or manipulated. Blockchain is also a public database and all the accounting and transactions are available to public.
Normal database are not fully public, information can be withheld. A normal database can be manipulated. In order to be audited, copy of each and every transaction need to be verified physically with invoices and accounting books.
Consumers will be able to have bigger trust on the business as it will become transparent. The businesses will also have lesser work, and don’t have to worry about other employees manipulated their accounts. They can actually focus on the efficiency of the product they are selling than worry about the finance.
1 Like
It hes a specific set of rules that are being verified each time a change on the blockchain occurs. Mainly a tx occurs.
If you want to be specific, you can check the code that verifies the tx 
https://github.com/bitcoin/bitcoin/blob/master/src/consensus/tx_verify.cpp
Because the blockchain is open and every transaction can be seen it enables anyone to track any transaction ons the blockchain enabling Digital provenance. A way to “see everything”
1 Like
- Why doesn’t a normal database bring the same provenance?
It lacks verification and is not TRUSTLESS. As someone had too inout the values on that database and you need to trust them. That database is also not open - Why is digital provenance such a great benefit to many businesses?
It can combine the accounting layer witg the transactional layer making auditing basically instant as all the information needed for the accounting to be done is contained within the transaction
1 Like
- Being a decentralized Ledger which records every input of data, Blockchain makes possible to track the trajectory of an item in discussion. It’s like a digital stone.
- A regular database has fragility of be shutdown by a Irregular input or even attacked by Crackers, such situations would be harder to happen on a Blockchain since the technology behind it enable each node or computer part of the network to have its data and validate inputs on the chain which is also called consensus.
- Because it brings transparency, real time data tracking and the trustlessness.
1 Like
- Blockchain is using real time auditing. Nothing can be removed only added. The transactions can all be seen on the server. Everything is centralized on 1 server.
2.The normal servers you can remove and add what you want.
- It removes trust and gives facts. You can trace everything you want from ingredients to parts of a car. Everything is trackable and auditable by everyone.
1 Like
1. How does blockchain enable digital provenance?
- Since is opened to the world fully transparency on each transaction, this make it immutable and safe.
2 . Why doesn’t a normal database bring the same provenance?
- Because the normal database is hacked and regulated by organizations, which is the same as corrupt.
3. Why is digital provenance such a great benefit to many businesses?
- It reduces the costs, the average time and increases the security and transparency in their transactions (any type).
Also, this technology will help the companies ensuring more customers o potential new customers to trust in them easily.
1 Like
- Blockchain enables digital provenance by functioning as a digital ledger, which allows for accountability of all transactions that have ever taken place on the blockchain.
- Normal databases lack the transparency of a blockchain. Also, normal databases have limited access, especially by the public. Without transparency, there can be no accountability.
- Digital provenance is a great benefit to many businesses since it provides transparent accountability for many of its operations (e.g., accounting, supply chain, any information collected within its databases). Also, its auditability can be more frequent and easier to perform.
1 Like