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How does blockchain enable digital provenance?
Every entry get´s stored chronologically in a decentralized ledger and can´t be altered once accepted. Also it´s replicated across the network and it can be real-time audited and backtracked. -
Why doesn’t a normal database bring the same provenance?
A normal database is usually centralized and has an owner, which can alter, or delete existing data. So I have to trust the person/s with the key. Some smart people can also make their own keys. -
Why is digital provenance such a great benefit to many businesses?
I don´t need trust anymore, I can verify. Also I believe that it can save many euros, dollars and most importantly man hours, that are necessary to keep normal databases “secure”.
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Hi Ivan,
Provenance and Blockchain is new to me never heard of it before . Still learning !
I understand stand more of the Provenance since
I read about it more. Not sure how to copy and paste the answers.
I’m so excited about this all a whole new world for me! So excited to learn about Blockchain and everything.
You shouldn’t copy/paste others answers, try to figure out on your own. Provenance has a good description in the dictionary you can use for reference. 
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How does blockchain enable digital provenance?
It allows for the decentralization of a database through the utilization of a network of confirmation nodes. This ensures that no single entity has the authority or power to manipulate past or present data and that the data is available for anyone to view. -
Why doesn’t a normal database bring the same provenance?
A normal database isn’t easily accessible by everyone. Data can also be easily manipulated or erased. -
Why is digital provenance such a great benefit to many businesses?
The business can acquire a new customer’s trust instantly, based on its digital provenance, rather than having to prove its trustworthiness months or years into the future.
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Homework Provenance:
- It enable the provenance because you can always only add something to the block but never take away from - so you can always look at the block what have happened before.
2.Because it s not decentralized and you can always add things so you have to trust the origin.
3.So they can follow each transaction in real time and they can look at every piece where it come from.
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How does blockchain enable digital provenance?
Only adding, no removing of information --> Information stored on the blockchain can not be erased, therefore the data can not be removed or manipulated. The latter is ensured by the validators ensuring, that data is accurate.
Public Ledger --> Everything is accessible to everyone. Hence, all the information is available to the public and can be audited. -
Why doesn’t a normal database bring the same provenance?
Information can be erased and the owner/editor of the database is able to manipulate the data. One would have to trust, that the information is accurate and truthful. -
Why is digital provenance such a great benefit to many businesses?
It enables real time auditing, because all the information is accessible and traceable. One does not have to trust the information they are provided with, the information can be verified.
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Digital provenance tracks everything on a ledger (like a stone) in which data can’t be erased. Only new data can be added. It tracks where your tax money is going. Where your financial transactions come from. It can put together the accounting and the transaction layer. It removes trust from many fields because it is decentralised.
Many businesses are banking on trust. They can’t be sure 100% the provenance of their supply. And if their system crash or if they lose their database, then their datas are lost forever. Most likely in the future all the big 4 audit companies will be obsolete as blockchain perform their job.
Digital provenance is a revolution for businesses because they don’t have to trust whether the supplier is telling the truth or not. Instead they verify. “Don’t trust - Verify”
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- How does blockchain enable digital provenance?
Public ledger that is auditable and immutable (provides ability to perform real time auditing) - Why doesn’t a normal database bring the same provenance?
Normal data bases enable an administrator to control data and change data within the database and data bases are usually privately held with limited access. - Why is digital provenance such a great benefit to many businesses?
Ability to track and trace source of product components/ingredients, trust-less tracking and auditability. Ability to verify data stored on block chain in real time.
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Blockchain enables digital provenance by keeping a record of the entire history of transactions and verifies those transactions through a network of computers that use the same identical ledger to ensure that everything on the blockchain is true.
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A normal database does not bring the same provenance because 1) accounting and transactions are two separate functions for normal databases, and 2) humans are required to be trusted to verify those transactions.
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Digital provenance is a great benefit to businesses because it saves them time, error, and skepticism from the public.
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- How does blockchain enable digital provenance?
By creating a verifiable and immutable public ledger, supply chain tracking, account auditing and trust-less transactions are achieved. - Why doesn’t a normal database bring the same provenance? It is usually privately held and can be changed, and therefore cannot be trusted.
- Why is digital provenance such a great benefit to many businesses? This keeps suppliers honest by enabling businesses to track supply logistics on a verifiable public blockchain in real-time.
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I really like how you explained the second question. One part you highlighted that I missed in my response was that 1) all transactions are tracked on a public ledger and 2) none of the data can be manipulated, changed, or removed.
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1. How does blockchain enable digital provenance?
- Every transaction can be traced and tracked. They are all open to everyone, a public ledger. So you can view the database, which get audit by a huge network of computer.
Because you can only add information to the blockchain and not remove or change, it‘s not possible to cheat with the information.
2. Why doesn‘t a normal database bring the same provenance?
- A normal database is most likely not a public ledger. So the information of the database is not open for everyone to verify or audit. So it is possible to change the information or keep it secret.
3. Why is digital provenance such a great benefit to many businesses?
- You don‘t have to trust a company or politicians. If Nike says they produce their clothes without child-work you can verify it, by checking the information of the products and the countries and factorys.
It‘s good to verify the way of tax-money, the ingredience of the food, the origin of metal like lithium or gold, or a lot more.
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How does blockchain enable digital provenance?
blockchain digital provenance is enabled by chronological recording of transactions and the immutable attribute to not change these transactions. -
Why doesn’t a normal database bring the same provenance?
Traditional databases do also provide provenance, however the distinction is these databases are not distributed. The centralized trait of normal databases typically allow for a DBA to make changes and thus possibly make edits/deletes to transactions. A normal database is not checked for the validity of transactions against other databases. Often individual parties will have their own normal databases recording transactions, however, they are not audited against other parties databases. This is highlights the real world challenge (i.e.; cost, scale, …) of accounting and transactions being separate systems of record and often job functions. -
Why is digital provenance such a great benefit to many businesses?
digital provenance is the integration of accounting and transactions can provide businesses the benefit of immediate settlement and the automation of audit/verification. This can reduce days sales outstanding (DSO) improving cash flow and reduce the cost and complexity of back office processes.
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How does blockchain enable digital provenance?
-Because blockchain does not allow for information to be removed or altered from its original context it can be traced to its origin and tracked. -
Why doesn’t a normal database bring the same provenance?
-Because normal databases allows for information to be altered by a governing authority. Therefore, you have to trust in those with access, unlike blockchain where information is only added if it’s verified by the blockchain as valid. -
Why is digital provenance such a great benefit to many businesses?
-With a trustless system in place you will get accurate information in real time.
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- Blockchain is a chain of transactions so every transaction that is written on it could never be changed or deleted.
- Because there is a central authority. In blockchain it is not. With central authority you always need trust.
- Customer can verify the informations on blockchain (supply network) and control it in real time.
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- How does blockchain enable digital provenance?
Blockchain can achieve digital provenance because it is a public ledger which functions as a database where all kinds of information and transactions can be TRACKED. This allows us to verify instead of trusting, since the blockchain is fully transparent and its content cant be tweaked or removed, which makes it practically impossible to “cheat”.
- Why doesn’t a normal database bring the same provenance?
A normal database is most of the time centralized, and controlled by some company, government, etc. This makes the database easy to manipulate, adding, removing, or modifying the information. A side from manipulation, tracing back transactions or information is not always easy, and the information within is not being verified all the time; this makes it vulnerable for mistakes/errors.
- Why is digital provenance such a great benefit to many businesses?
Keeping track of data is essential in every business, and having a fully transaparent ledger in which every piece of data is tracked and verified is a big advantage. Also, digital provenance through blockchain can achieve real time auditing and accounting within the transactions.
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- Blockchain enables digital provenance by providing a complete and electronic record. In the case of bitcoin, all transactions can be tracked and verified, from their origins.
- A normal base is inadequate compared to a blockchain. In a normal database, information can be removed, which does not provide full transparency and verifiability.
- Digital provenance can help businesses function with exponential efficiency. It facilitates many of a businesses logistical functions, such as the accounting and transactional aspects of the financial process.
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The blockchain works as a digital ledger that can record transactions without the possibility of altering or removing the information. This ensures that everything is accurate and can be traced back to their point of origin.
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Normal databases can be changed or deleted because they rely on a central authority to maintain them. Blockchains are maintained by networks of computers that independently verify the information.
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Digital provenance enables real time auditing and simplifies the process of tracking financial and supply chain information. It does not rely on trusting a central authority because anyone can verify the accuracy of the record.
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- The blockchain is a trustless ledger that can’t be modified.
- A normal database is centralized and can be changed.
- The detail of the transactions are also stored on the blockchain for anyone to see and verify.
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The blockchain acts as a public ledger, which enables real time verification.
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Records can be removed. Relies on trust of database owner.
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Rather than relying on trust, businesses can audit in real time, and verify.
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