- How does blockchain enable digital provenance?
Blockchain is a fully transparent network where data once put, cant be deleted therefore tracing is possible. - Why doesn’t a normal database bring the same provenance?
Normal database are can be modified or deleted as users are not verifiers at the same time. - Why is digital provenance such a great benefit to many businesses?
Save of time, money, human resources. Increased efficiency and deleting relying on trust when it comes to partners but at the same time building customers trust because of transparency.
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How does blockchain enable digital provenance?
Provenance is all about origin. Blockchain enables digital provenance by being an open, trustless public ledger/database where transactions can be tracked and verified in real time. -
Why doesn’t a normal database bring the same provenance?
Normal databases are centralized and are easily manipulated/ tampered with which creates a lack of authenticity. Also, normal databases are usually local with limited external access. -
Why is digital provenance such a great benefit to many businesses?
a) It offers transparency between customers, suppliers, and wholesalers;
b) It eliminates comprehensive manual paperwork associated with traditional auditing;
c) It reduces risk and additional costs to the business; and
d) It allows for efficient systems to be implemented so businesses can focus on the quality of the product/service delivered.
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- public ledger provided by blockchain enables digital provenance
- because normal database can be centralized and they can be manipulated. Hence difficult to do provenance.
- Because using provenance you can verify authenticity of transaction
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- How does blockchain enable digital provenance?
Because transactions are only ever added and never removed from the blockchain, digital provenance is achieved through the immutability of transactions on the blockchain.
- Why doesn’t a normal database bring the same provenance?
A normal database has the ability to delete and update entries. There is always the possibility that the data has been tampered with, intentionally or unintentionally.
- Why is digital provenance such a great benefit to many businesses?
Businesses can benefit from digital provenance in helping them verify products they are purchasing, and funds that customers are paying with. This can help keep them compliant with laws and regulations, and beholden to their stated ethical standards.
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I like your answer to question three. Much more detailed than my answer.
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Blockchain enable digital provenance because it can track each transaction in real time, without being removable and publicly, for example we can follow all the process, thanks to a network of computer which will validate each step of it. The fact that blockchain isn’t lead by some company or organisation but is decentralized we can know for sure that the provenance of each element is certified.
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A normal database isn’t public and is controlled by an institution which obligate us to TRUST that organisation of telling us all
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Digital provenance is a great benefit for many business because it shows at consumers that the business is legit and fair
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Thank you! And keep going.x
- How does blockchain enable digital provenance?
A Blockchain database can allow real-time data entered (added). That data is then immutable (never can be removed). The distributed ledger structure of the blockchain allows any party to view the data and audit that data in real-time.
- Why doesn’t a normal database bring the same provenance?
Database development to date has been a centralized and mostly private process with controlled and limited access, often behind firewalls and paywalls.
- Why is digital provenance such a great benefit to many businesses?
As a company implements blockchain database function into its key production points those data become transparent to all stakeholders for real-time auditing. This removes trust from the audit process which can also lead to economies in time and resources. A major outcome creates a trustless, transparent, honest system.
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The blockchain enables digital provenance by creating a traceable and verifiable ledger.
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A normal database doesn’t bring the same provenance because most databases use separate elements. Blockchain and provenance allows the combining of multiple databases for more efficiency and value.
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Digital provenance is a great benefit to business because it allows for more efficient tracking, verification, and value not only to the business but also the customer.
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- How does blockchain enable digital provenance?
Security, by removing the ability to delete it provides a strong auditable record of the object origin and ownership. - Why doesn’t a normal database bring the same provenance?
Data silos, fragmentation, and the ability to delete records. - Why is digital provenance such a great benefit to many businesses?
It helps to produce a strong chain of ownership and custody that is irrefutable.
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Blockchain enables digital provenance through everything being seen on the blockchain therefore tracking where it has been at each stage and how much it cost etc. and is verified by the nodes of the network.
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Because normal databases make it harder to trace back as well as data being removed/erased where as blockchain you can only add data.
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Because its completely transparent, more efficient, real time auditing, easy to track, less room for error and trustless, (“Dont trust - verify”)
everything is all in one place!
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The blockchain is an open ledger that enables digital provenance with traceability and verification. Every transaction is “written” on the ledger and cannot be altered. It creates a system of being able to verify any transaction in real time without the need for trust.
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A normal “centralized” database can be altered from within or hacked. The person who created the database also may may have been ill informed. Real-time access is often not an option with centralized databases.
3.The traceability will be beneficial to businesses as it will provide much needed transparency to the consumer and cost cutting and time efficiency to the auditing process.
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Blockchain enables digital provenance because with blockchain you will be able to verify digitally the origination of the transactions on the ledger.
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A normal database does not track both the source data and the transaction. Currently, these two forms of data have to be matched for verification and require levels of trust from fraud and error.
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Digital provenance is such a great benefit because it eliminates the need to trust what business say, you will be able to just verify supply and can ensure a higher quality product. It can also eliminate the chargebacks form customers claiming fraud.
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Home work on provenance.
- How does blockchain enable digital provenance?
Blockchain embed digital signature or passport on product there by enabling tracking of the products on blockchain
- Why doesnt a normal database bring the same provenance ?
A normal database cannot provide provenance because it cannot provide digital signature which enables tracking- provenance
- why is digital provenance such a great benefit to many businesses ?
its great benefit to many businesses because it enables them to track and know the history of their products
and raw materials
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- By being trust less. All is transparent and can/must be verified.
- Normal database can be altered at the later stage, digital provenance is ‘set-in-stone’
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- real time auditing, saving time and money on an accounting
- total transparency
- being able to track the source of the products
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Blockchains enable digital provenance because all transactions are recorded in the ledger of transactions. This allows anybody to go into the blockchain and see every transaction, and even the state of a series of transaction in a chosen moment in time.
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A normal database does not bring the same provenance because it is centralized, as opposed to decentralized. A decentralized blockchain functions as a trustless source of information, while centralized databases can be modified by whoever owns it.
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Digital provenance allows business to do many things such as provide real-time auditing and tracking their entire supply chain.
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- blockchain enable digital provenance because it is set in stone/ you can add to it & it will never be removed
- you can alter the transaction at a later time
- They will be a to track everything from start to finish
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Blockchain enable digital provenance by writing data in a public ledger (or digital stone) where can’t be removed, but new ones can be added.
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Normal database relies on central authority which can edit or remove data, because of that, it can’t bring same provenance.
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Digital provenance is a great benefit because it eliminate mediators and audit itself in real time and it is transparent.
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1.Everything in a blockchain can be traced/tracked & verified.
2.Normal database is managed/governed by a central body & requires trust.
3.Digital provenance is verified by all & speeds up the process making it all the more efficient.
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1. How does blockchain enable digital provenance?
Blockchain is a transparant public immutable ledger. All transactions (with information) are stored & viewable by every member of the chain. In realtime
2. Why doesn’t a normal database bring the same provenance?
A normal database is controlled by one central third party (company, authority, government,…).
This causes the database to be able to be manipulated & changed without the knowledge of the end user.
3. Why is digital provenance such a great benefit to many businesses?
We no longer need to rely on trust. There is ultimate transparancy. Take for example: Supply chains - businesses and especially customers can trace every single step of the supply chain, so this creates tremendous transparency, trust in the product/service and improves the customer experience.
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