1 Transactions/supply can be added, traced and tracked in real time with total transparency.
2 A normal database fails to show a traceable record and data can be removed/manipulated.
3 The accounting and transactions can be combined and verified for auditing purposes.
Blockchain enables digital provenance through the public ledger which verifies transactions/information on the chain
Normal databases do not bring the same provenance due to its centralized nature and lack of transparency. This makes an individual need to trust the database instead of verify.
Digital provenance is a benefit to business because it will allow transparency and allow for fact driven solutions instead of relying on “trust.” These two components will allow for solid business decisions and a loyal customer base.
By making is decentralised, and real time tracking and verifiable from multiple sources simultaneously .in single transaction .
Why doesn’t a normal database bring the same provenance?
its manipulable… Authority can change and no source of verification for any user …
Why is digital provenance such a great benefit to many businesses?
it gives Confidence and real time tracking from scratch .
Blockchain enable digital provenance through trust less public ledger wich provide digital tracing.
Normal database doesn’t bring the same provenance as data can be copied, moved or erased.
Digital provenance bring benefits to businesses as its been provide real time data of the product.
- How does blockchain enable digital provenance?
- Why doesn’t a normal database bring the same provenance?
- Why is digital provenance such a great benefit to many businesses?
Blockchain enables digital provenance by maintaining a shared ledger that each member of the network will have access to the full data set that is on the blockchain. Information can only be added, not removed or edited, so all users can trust the historical record of transactions that are agreed upon by all nodes.
A normal database requires the trust of those that own the database. Traditional databases are also subject to changes and manipulation by anyone with edit permissions.
Stemming back to the motto “Dont Trust - Verify”, all parties with access to the network have transparency for all data in the blockchain, though some of it may be encrypted, depending on design.
Blockchain technology allows for the accounting layer to be combined with the transactional layer, thus enabling verification in a trustless manner.
Normal databases require for there to be trust. For example, a vegan retailer has to trust their supplier, to some extent, that the products being supplied has no meat in them (idk if this is a correct answer to the Q but we move 
).
Businesses can have more confidence that the information/products that they’re receiving is legit (verified). In addition to this, since digital provenance enables verification through the use of mathematics and other technologies, businesses could potentially increase their public image. Going back to the vegan retailer example, if said retailer has the ability to verify that their products are 100% what they say on the tins, containers, packages etc., customers will begin to trust them more and would be more inclined to remain loyal to the retailer on that basis. One can argue that being trustworthy goes hand in hand with being trustless.
1. How does blockchain enable digital provenance?
2. Why doesn’t a normal database bring the same provenance?
3. Why is digital provenance such a great benefit to many businesses?
Digital provenance enables real-time auditing, which makes the whole financial process more efficient. In the future you will not need someone to come to your office and do an audit, because Blockchain puts together the accounting layer and the transactional layer. This puts all the essential information together and in one place.
In addition, it removes the '‘trust’’ aspect for many businesses. Nowadays companies have to believe their suppliers when it comes to ingredients for foodstuffs. With Blockchain, companies can verify instead of having to trust manufacturers. Blockchain allows companies(and individuals) to track ingredients and see the state of the products at each point in the supply chain. This makes the process more efficient and less opaque.
After creating a piece, the artist embeds a digital signature which demonstrates the authenticity and records that information on a blockchain. Many refer to this process as tokenization because it effectively creates a blockchain backed token that you can trade between artists and collectors.
Because the entries are not immutable and could be changed by the owner of the database. It is also not as reliable because the database access may be interrupted if it is a centralized database or distributed database.
Because they do not have to rely on third parties to audit or access records or transactions - all the data is available openly in the blockchain. This historical transparency can also fight corruption & tax evasion and improve supply chain operations.
1- By adding informations to the database (public ledger) without the possibility to take it off. That info is available to anyone wants to consult it.
2- Because on a normal database, anyone and anytime someone could change the provenance.
3- Because it is trustless, it’s all about facts and it provide multiple kinds on datas and/or informations.
With a decentralised blockchain, the entries made onto the blockchain are immutable, therefore any provenance (history) recorded can be trusted.
A standard database is not immutable and this allows the administrator the opportunity to alter historical data and this becomes a point of failure of trust for the provenance.
It allows consumers to trust the quality, source and authenticity of any goods they are purchasing, providing the consumer with increased confidence in their purchase.
the blockchain offers a provenance through distributed ledger. the ledger is verified by the multiple nodes running the network, creating immutable a ledger of transactions. this allows for real time auditing.
Normal databases always have the threat of manipulation. However, the decentralised systems of nodes verifying the network creates a source of transaction data.
Digital provenance is important to business because it installs integrity throughout the business while at the same time providing security for its users. it also allows businesses to be as up to date with events as possible due to real time auditing
Hi Ivan!
My answers to your questions:
Answers:
It tracks the origin and whereabouts of all transactions.
Because they are centralized and their data can be modify.
You do not need to trust the system. You just verify it.
1- When it becomes decentralized there is no one power and or authority or government who controls the blockchain thus the data in it cant be changed, modified or altered.
2- A normal database cant bring the same type of provenance because there’s a central authority who can control it or manipulate it.
3-Because it can bring trust, honesty, and consumer satisfaction, in which customers can verify and make sure if the products are high quality or bad quality and verify the origin in which the product came from.
Via creation of public ledger which is decentralized and trust less, no authority or institution can control the blockchain but everybody could have a look and verify.
As central authority with access could delete/change information in ordinary database but not in blockchain - info could only be added and once confirmed by others the info will stay there.
As this will remove necessity for trust and create space for trustless connections. This also allow anybody to audit/verify just via looking into blockchain data.
Blockchain enables digital provenance because the network is public so everyone can see everything
and information can only be added to it but not deleted.
A normal database does not bring the same provenance because people who are good with computers could change information or delete it unlike on blockchain.
Digital provenance is a great benefit to many businesses because it can verify the information about the products. This makes it so the consumer knows what they are actually buying instead of possibly getting misinformation from a 3rd party.