Great points. The fact that data cannot be edited in past blocks is amazing. Also, not only the network
engineer gets access to the database. That it is transparent is hard to imagine but incredible.
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- because the main feature is adding data but not erasing it.
- because a normal database can be tampered with with no one noticing it
- because, you cannot tamper with historical data anymore, once its done on the blockchain there’s no coming back.
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How does blockchain enable digital provenance?
Data on the blockchain are immutable, transparent and updated in real time. Basically, data is stored on the blockchain forever hence enabling digital provenance. -
Why doesn’t a normal database bring the same provenance?
Normal database is controlled by a company/person which can be tempered with. -
Why is digital provenance such a great benefit to many businesses?
It brings about more transparency to the whole ecosystem such as the supply chain of food, products etc. Furthermore, it enables real time update which improves efficiency. Lastly, its does not rely on a single provider/verifier and instead works based on consensus which is highly reliable.
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- By being a public ledger where the transactions listed could not be deleted, and by allowing the member-nodes participating to verify any previous transaction before validating it.
- A normal data base could be changed, you have to trust its creator that the information is correct, there is no public verification possible.
- It could improve the power of businesses brand’s (claims of sustainability, ethical, authentic products/suppliers) by making them traceable and auditable in real time.
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How does blockchain enable digital provenance?
Because it is a public, trustless and decentralized database that cannot be changed. Changes can be verified and traced. -
Why doesn’t a normal database bring the same provenance?
Because it is central and can be changed without anyone knowing about it. It is based on trust. -
Why is digital provenance such a great benefit to many businesses?
Businesses rely on the fact that the data is verified, traceable and cannot be tampered with. It does not require human interaction and is therefore less error prone.
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1.By creating a permanent, un-editable ledger that records every interaction. This enables the highest level of transparency.
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A normal database is centralised and can be easily manipulated to serve a malefocent purpose.
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It provides a layer of security that is unmatched in the digital age.
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- How does blockchain enable digital provenance?
Blockchain allows keeps an open ledger of immutable data. It is transparent and cannot be changed.This is verified by the whole network to ensure the integrity of all the data inside all ledgers. So it is accurate and correct.
- Why doesn’t a normal database bring the same provenance?
Read-write is possible if one has the correct access. Therefore, we cannot be sure it is 100% true
- Why is digital provenance such a great benefit to many businesses?
It removes the need to spend time to ensure correctness and audit, and the outcome may be an abandonment of transactions. System or people can cheat. The ability to not have to rely on traditional ‘Trusting’ relationships can allow businesses to use the network to verify business claims of other companies etc, therefore allowing accurate traceability in real-time
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How does blockchain enables digital provenance?
Blockchain is a system where you can only add data, but you can’t remove data from it. You can look at the database and be sure that all data is correct. -
Why doesn’t a normal database bring the same provenance?
In a normal database you can remove data, but blockchain is like a digital stone and there is no why to remove data from it. -
Why is digital provenance such a great benefit to many businesses?
Businesses don’t have to trust other businesses or companies. They can be sure that data wasn’t changed.
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- By recording every transaction.
- It is transparent
- For everybody accessible
- Unchangeable
- The information can be deleted
- Be changed
- Is centralized
- Require trust
- They have access to all the information
-They can track everything from the origin - Trustless
- Require no third party
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1 Immutable real time transparent.
transactions
2 transactions can be amended or corrupted.
3 it provides a transparent and trustless way of proving the origin of components.
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- You cannot remove data from a Blockcain.
- You van remove data from a normal data aber.
- Provenence is a benefit because they dont have to trust, they can verify the data.
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Because you can track every single transaction made since the begining without being able to modify them. This way you can verify if anything is true or not.
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Because you can change the information that was uploaded in the past and if there are no copies of it, as it happens in blockchain, then you’ll have to trust the information showed, without knowing if it was changed or not.
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To help them being transparent and keeping track of everything that happens. It could be used as publicity!
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By making sure that the data can mit be changed or manipulated throughout the whole supplychain. And therefore all providers in the chain are automatically verified.
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Because database administrators could change the data after it has been added. It is centralised and so there is someone owning/controlling the database. And it van be hacked from the outside as well.
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Because it can simplify and therefore speed up business transactions because the transactions are inherently verified.
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By registering all transactions in a public ledger through a network of computers.
once a information is registered it can’t be manipulated or erased.
‘‘If ones we said is as good as written in stone now we say is as good as written in Blockchain’’ -
A normal database doesn’t have this key properties:
-decentralization -immutability -transparency -
Now we take out the trust between merchants, institutions, etc. and introduce instant verification
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How does blockchain enable digital provenance?
It enables being able to trace and track financial transactions in real time, and real time auditing.
Why doesn’t a normal database bring the same provenance?
A normal database is likely centralized and can be manipulated. It is not trustless.
Why is digital provenance such a great benefit to many businesses?
The transactional layer and accounting layer can be combined into one process.
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1.)By storing all transactions that can be verified and traced. It is data that is encoded and cannot be tampered with. Through this it creates a trustlessness.
2.)A normal database is controlled by a central authority that must verify transactions. This data can be tampered with, deleted, changed, etc. It is a process that requires trust and transparency
3.)It can provide real data in real time on a public ledger. Transactions can be verified and will show origin, quality, and other specifics to verify their legitimacy. No 3rd party has to be trusted to verify transactions.
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- blockchain allows things to be verified by anyone on a digital publicly available ledger
2.blockchain cannot be tampered with, a normal database is too easily edited - by allowing people to verify things for themselves it removes the need for trust, which allows for easier transactions between companies or businesses and their customers
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1 the blockchain - the public ledger - enables you to verify things you are interested in.
2. no way to verify information, have to trust the source(person or organization)
3.lets the math verify the information someone is seeking.
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- Because the blockchain is immutable and transparent there is no need to rely on trust. Transactions are easily verifiable.
- Normal databases can be manipulated by various parties and rely on having a degree of trust in its users
- Reduces cost by not needing 3rd party auditors. Makes it easy to track and verify Information throughout the entire supply chain
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Blockchain uses decentralized verification of data to enable digital provenance
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Normal database does not have transparency and verify data the way blockchain does
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It’s a benefit to business because it’s trustless, efficient, and transparent. It allows companies to track data regarding things like supply and flow of money.
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