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It is enabled through public time stamped information logs incapable of being changed/altered from one entry point and is verified through code consensus. The digital information is permanently etched on the ledger and can be recalled for accountability purposes. A system of operations that have no higher advantages for political, religious, or tyrannical use over ordinary users.
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Many are privately secured with single points of failure attributed from human oversight. Hacks may occur more easily, information could be altered or erased and such networks may go offline without a degree of decentralization.
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Accurate record accounting benefits world history. Certain individuals who may claim too have created the first original blockchain can be proven false or at the least, cannot prove to the world beyond a doubt that they are the original authors. Code denies the dishonest from absolutism.
The blockchain allows for a distributed accurate immutable tracking of assets or transactions. Inputs and Outputs.
Normal-- centralized and not cryptographically secure. No immutable accoutning layer.
Ensures the accuracy of the supply chain. Additionally, payments can be synchonized with delievery of products along the way. Spelling sucks. I hate all computers everywhere. Why does autocorrect only occur when you spell something correctly? Lol
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Through transparency and immutability. Meaning every transaction is visible, and it’s impossible to remove transactions.
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Because normal databases are closed and controlled by a central party.
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Because it removes trust by making it possible for anyone to audit the public data.
- Blockchain allows to track the provenance of a transaction. Every transaction is written on the blockchain and cannot be removed (immutability). Blockchain is an open ledger where every transaction can be traced back.
- Because in a normal database, a transaction can be removed or erased. If the database crashes, data can be lost. And it is probably much more difficult to trace back a transaction, it doesn’t have the same simplicity as with blockchain.
- Because it provides the possibility of real-time auditing and accurate tracability, among other benefits.
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How does blockchain enable digital provenance?
It enables digital provenance because all transactions are recorded and can be tracked. -
Why doesn’t a normal database bring the same provenance?
Normal datable can be changed and is not updated in real-time. -
Why is digital provenance such a great benefit to many businesses?
When a transaction is verified and recorded you removed the trust. Transactions can be audited in real-time.
- By allowing us to track transactions in a trustless manner
- Because normal databases can be corrupted
- Customer satisfaction, minimize risk of error, save resources (auditing for example)
- Blockchain is a digital ledger nothing can be changed. We are always able to look at it and prove the history.
- A normal data base can be changed by anyone. So, you have to trust other people about the provenance. Blockchain is decentralized, one person can not go back and make changes to it.
- Digital provenance is trustless. We do not have to trust anyone, rather we use verification.
- Blockchain records every transaction. It creates a history that can be added to the ledger but it cannot be removed.
- A normal database is centralized. Anyone can change or remove the data making the history inaccurate and compromised. A centralized database requires trust in transactions.
- Digital provenance allows trust-less transactions that are verified through consensus. The history of the transaction can be seen by the public.
1.how does blockchain enable digital provenance?
blockchain is a verified ledger that records all transactions in sequence that cannot be removed or modified, only added to.
2.why doesn’t a normal database bring the same provenance?
a normal database is not on the blockchain, therefore can be manipulated. there are silo’s of information, only accessible by database owners, making tracking of supply chain difficult for the company and is not public.
3.why is digital provenance such a great benefit to many businesses?
digital provenance allows businesses to track supply chains in real time w/ info that can be trusted, saving time and money, hopefully, making it run more efficiently. customers can also track products creating trust and maybe loyalty.
1- It allows anyone to verify any transaction or contract.
2- Because you have to trust someone or something else to be accurate. All non-blockchain data can be manipulated.
3- You can acquire and supply accurate, un-manipulated data.
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How does blockchain enable digital provenance?
Digital provenance is enabled through blockchain as a digital stone, because transactions can’t be erased, only added. That makes it a unique database. On every computer in the world you can see every transaction, track it as it is within open public ledger. The computer network confirmed the transaction to be the right algorithm on the right node (only mathematics operations can confirm right transaction). -
Why doesn’t a normal database bring the same provenance?
The most things are opposite. Normal one is closed, you can remove data and etc.
You can edit it in real time, it is not transparent. -
Why is digital provenance such a great benefit to many businesses?
Because only in that way we can see the real history that has been stored in the blockchain that can’t be removed - every hash includes previous. So we can know the whole history and everything is in the same place. No trust, just verify.
- By keeping all transactions which happened in the network.
- Because a normal database is not updated automatically.
- Because it keeps track of everything.
- Blockchain enables digital provenance because all input of data is stored chronologically in a database (ledger), replicated across multiple nodes, and cannot be altered once accepted.
- A normal database does not have provenance because the entries are not immutable and could be changed by the owner of the database.
- Digital provenance is a great benefit to businesses, organizations or departments because it brings transparency, traceability and real-time audit. That increases the credibility of the blockchain to customers or users which is not based on trust.
Blockchain enables digital provenance because nothing can be erased or changed from earliest origin ,it is public and transparent .
On a normal database , it is centralised trust issues are prominent , can be tampered with and information removed , lost etc .
It is a great benefit to business and customers as you can find out the origin of materials , ingredients , workings , times off additions , quality of textures , labour conditions ( child , slave , or forced ) . In general , get the best products with least suffering to customers .
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By being public and unmutable.
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Because a regular database allows for the modification and deletion of fields.
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Eliminates shadyness and wins customers by being 100% transparent.
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Blockchain allows anyone to record the full history of all transactions that happened on a single ledger, validated by many computers around the world. This information allows for anyone and everyone access the full history of the data, without needing any external help.
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A normal database is typically centrally controlled, with a limited number of validators, and the ledger is usually only shown to a small group of people. Other people can’t verify without needing permission from the owners of the database.
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Digital provenance allows for full accountability for all businesses, which creates credibility. It also allows anyone to verify all business transactions and to audit them without needing help from an external source.
- When trust and centralization are replaced by transparency, immutability, and decentralization on a public ledger the data can be traced back by everyone.
- The traditional database is centralized, “opaque” requires trust and can be tampered with, thus making provenance difficult.
- Businesses can have confidence in the blockchain since it cannot be tampered with, thus providing provenance coupled with efficiency and acccuracy due to real-time audits.
Homework on Provenance - Questions
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How does blockchain enable digital provenance?
Blockchain is so powerful and full of potential due to to fact that the digital ledger is stored on a vast network of computers. Thereby, reassuring that no one can manipulate the ledger due to the fact that it is only possible to add data to the blockchain, data which cannot be verified by other computers in the network will remain unverified. By using the principle of don’t trust but verify! Two or more parties do not have to trust (trustlesness) each other in order for them to conduct their business
Realtime auditing can be achieved by any party and at the same time sensitive information can remain encrypted. -
Why doesn’t a normal database bring the same provenance?
A normal database does not provide the strength of cryptographic functions combined with a ledger stored on vast amount of computers. A normal database is also not public, it is in fact very private. One cannot go around and audit the transactions of their own bank or own government. We have to put our trust in these organizations and authorities and hope that they can be trusted with our data. -
Why is digital provenance such a great benefit to many businesses?
Because it can revolutionize the way we all do our business. Companies can have the benefit of accountability, traceability within the supply chain. Customers of the business have more transparency in company affairs thus enabling for a better relationship between businesses, private indiviudals and government.
The blockchain is decentralized, immutable and therefore trustless as it allows for prominence to its users.
Its decentralized nature removes the need for a trusted third party.
- Blockchain enables digital provenance because it involves real time accounting with each transaction. No transaction may be erased after it is added, and it involves verification by the network instead of trust. Therefore, each and every transaction may be traced back to its origin like a permanent data stone (a great use care outside of money would be, for example: ingredients in food, or origin of clothing and where each part came from).
- a normal database doesn’t bring the same provenance because it involves trust. There is no real time accounting/auditing as would occur on a blockchain and transactions may possibly be erased or reversed. Therefore, without 100% fully trusting the other party, there is no way to trace the origins of transactions.
- Digital provenance is a great benefit to many businesses because it will help to keep track of the entire supply chain, for example, without the need to blindly trust other parties. You can open the block chain ledger and see each and every step and trace back the origin of anything at any time because it is permanently ingrained in the decentralized network (or at least we hope the network is decentralized). So main thing is that it introduces trustlessness via real time accounting on the ledger.