Homework on Provenance - Questions

[DarbySlaton]

Hello here is my first home assignment.

1. How does blockchain enable digital provenance?
   Through the blockchain. With this technology you can trace and audit. You can keep track of where your clothes come from to ensure it’s not through some sweatshop.
2. Why doesn’t a normal database bring the same provenance?
   Because it relies on trusting vs decentralizing power. Normal databases also can be easily changed.
3. Why is digital provenance such a great benefit to many businesses?
   You can get rid of professional middlemen such as auditors. With this blockchain technology, you can do real-time auditing

[Chefoceans]

1. Digital provenance is enabled by allowing verifiable transaction on an public ledger.

2. A normal database is private and and can be changed unlike on the blockchain where it cannot.

3. It eliminates the middle man in all kinds of businesses making them trustless, no need for intermediaries in banking, auditing, accounting etc.

[jaysodo]

Homework on Provenance - Questions

1. How does blockchain enable digital provenance?

• Verifiable transactions

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

• Blockchain ledger cannot be changed

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

• supply chain tracking

[delaney]

1. Blockchain enables digital provenance by being able to track activity in real-time. As well, in blockchain, since the information cannot be removed, there is no reason to trust where the activity originated from since you can see it from point a to point b.
2. A normal database does not being the same provenance because a normal database can be altered. For this reason, the advantage is transparency.
3. Digital province is such a great advantage to many businesses because things can be verified in seconds, it provides accurate origin tracing and it cannot be altered.

[JRose80]

1. By not allowing a single entity to run the blockchain, and instead utilizing many nodes for verification, blockchain technology is able to provide digital provenance.
2. A normal database allows things to be added and removed whereas a blockchain database only allows for information to be added and not removed.
3. Digital provenance is a great benefit to businesses because it allows the avoidance of trust by providing a complete picture of a supply chain for instance.

[Dawton]

1. Blockchain enables digital provenance by storing a record of a transaction made.

2. A normal database doesn’t bring the same provenance because traditional databases are not transparent and require the trust of the holder to not tamper with the database.

3. Digital provenance benefits many businesses because it provides ease to a businesses systems for accounting and traceability. Such as audits and stock flow.

[CornArtist]

1. Public ledger, every data is on chain.
2. Normal database can be falsified, and data can be hidden unlike blockchain. Don’t trust, verify!
3. It allow companies to be more transparent, verification can be done swiftly without the need of auditors, supply chain can be tracked easily, blockchain data can be shared easily meaning companies can work with each other easier.

[birdie]

1. Blockchain enables digital provenance by proving tracing and tracking. The data on the blockchain has been verified and cannot be changed.
2. A normal database is unable to bring the same provenance because the information could be manipulated.
3. Digital provenance is a great benefit to many businesses because it allows for better auditing, verified information, and tracking / tracing of information.

[Saguzi]

1. All transactions on the blockchain are tracked in real-time in a public ledger. This provides an inbuilt auditing system that can not be removed.

2. A ‘normal’ database might be centralised. ‘Bad actors’ can change or duplicate data which cannot be verified – this can lead to scams such as people spending more than they have.

3. Businesses will not need to pay expensive auditing fees. Digital provenance also eliminates the issue around trust. Businesses will be able to verify transactions rather than rely on trust.

[davidonair]

1. How does blockchain enable digital provenance?
Immutability is one of the key caracteristic that enables digital provenance. As you said accounting and transaction are for example the key information that are linked in the blockchain or ledger.

2. Why doesn’t a normal database bring the same provenance?
Other databases are centralised (needing real auditors to check the entries). The decentralization characteristic of the blockchain makes it unique : everybody has the same information ( copy of the ledger every time it is updated) and information are immutable.

3. Why is digital provenance such a great benefit to many businesses?
You do not need third party services to trust : you rely on the blockchain (hash and mathematical algo) to verify : “don’t trust” as you said it well! No more notaries, auditors, intermediaries! Huge saving costs and efficiencies for the crowd!

[Mike_Hughes]

1. Data is inputted into the blockchain chronologically and cannot be changed. As the blockchain is a public ledger this can be tracked and verified.

2. A traditional centralised database is open to manipulation and requires an element of trust by those viewing the database that the information is wholly accurate.

3. Through blockchain technology a business can give the customer the opportunity to verify the accuracy of their claims through a trustless open source ledger, thus benefiting the honest businesses and their consumers. In addition, the verifaction process is much quicker than traditional methods.

[Nicole_Kersh]

1. Blockchain enables digital provenance by using a decentralized system of computers that verify transactions on a public ledger that cannot be altered.
2. A normal database is centralized and can be altered/audited or manipulated.
3. Digital provenance creates a trustless system of transactions allowing for transparency, accuracy, and real-time auditing.

[David_Bayarena]

As I heard it:

1. Blockchain enables digital provenance through the network of nodes agreeing and validating the ledger of information.
2. A normal database cannot easily be shared with all the world nor is it ever. Blockchain is open to the public.
3. The benefit to businesses lies within the verification of information/the validation of information and not simply trusting the information provided by people.

[aloksubbarao]

1. How does blockchain enable digital provenance?
   Blockchains are public, so anyone with access to the internet can read them. They are immutable, so once a transaction has been written to the blockchain, it is permanent and can never be edited or removed. Currently, the accounting (financial statements) of a company are publicly accessible, but the transactions themselves are private. Blockchain ties together transactions and accounting into one transparent system.

2. Why doesn’t a normal database bring the same provenance?
   Regular databases operate under CRUD paradigm - create, read, update, delete. Because of the ability to update and delete, an audit trail must be investigated in order to verify that the data in the database is correct. Normal databases are centralized, meaning they can have a single point of failure, or rely on specific backup servers. Finally normal databases require trust - you must trust that everyone with write/edit access does not do anything improper, but you cannot actually prevent them from doing so .

3. Why is digital provenance such a great benefit to many businesses?
   It allows businesses to scale audits in time or in size (realtime audits, or auditing of incredibly large data), it reduces or eliminates the ability of bad actors to corrupt or alter the business data.

[CryptoAK]

1. How does blockchain enable digital provenance?
   The blockchain enables digital provenance by keeping record of where a certain object originated the value it has. It also eliminates the need of a real auditor who has the ability to manipulate what ever it is he is auditing but with the blockchain everything is stored on the ledger and it can be viewed by anyone at anytime anywhere.
   (once everything is on blockchain there won’t be no more bullshit lol)

Why doesn’t a normal database bring the same provenance?
a normal database is centralized and can easily manipulate the data it has

Why is digital provenance such a great benefit to many businesses?
it will give business owners and manufacturers the ease of mind that nothing will be manipulated or changed from its original form and its also a great benefit because it keeps track of all invoices

[Phutura]

Homework on Provenance - Questions

1. How does blockchain enable digital provenance?
   because of its decentralized nature trust is removed & the data is imutable.
2. Why doesn’t a normal database bring the same provenance?
   Because the data can be change and manipulated due to it’s centralized nature
3. Why is digital provenance such a great benefit to many businesses?
   because it provides time stamped finality and it cannot be changed.

[LouisMichael]

1. Blockchain enables digital provenance because it is a digital stone, where you can only add data not remove as well as being decentralised (meaning there is no one body controlling it).

2.Because a normal database doesn’t use the blockchain technology & cryptography. Normal databases can have data changed, and they´re usually centralised. Whoever is in control of the data base can alter the data in the favor.

3. Digital provenance is a great benefit to many businesses because it can improve communication and trust with their customers. It can also be of great benefit to businesses because they too woulnd´t have to trust suppliers to know what they´re getting, with digital provenance they would be to verify and not trust. (Example: food industry)

[BluEagle]

1. How does blockchain enable digital provenance?
   the blockchain is an uneditable or incorruptible public record that contains within it the origin to latest transaction

2. Why doesn’t a normal database bring the same provenance?
   a normal database can be changed and not necessarily contain the full record of changes etc

3. Why is digital provenance such a great benefit to many businesses?
   it creates transparent trustless system that is faster and less corruptible

[The08th]

1. How does blockchain enable digital provenance?
   -By creating a digital, immutable, and publicly verifiable ledger of transactions.

2. Why doesn’t a normal database bring the same provenance?
   -Normal databases can be changed by the system administrator

3. Why is digital provenance such a great benefit to many businesses?
   -They can track the origin of their products from the source without having to trust suppliers

[Mugz]

1. On the blockchain transactions can only be added, it is decentralized so nobody can control it.

2. Because normal database can be control by authority or government so transactions could be removed or erased.

3. Because it removes trust and enables the possibility to track transactions.