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How does blockchain enable digital provenance?
It allows to have a trustless source of truth where anyone can check and confirm data. -
Why doesn’t a normal database bring the same provenance?
A database is mutable, blockchain is not. Also is not open to verification and is centralized. -
Why is digital provenance such a great benefit to many businesses?
It allows to have a descentralized and inmutable database making it trustless. Don’t trust, verify.
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- How does blockchain enable digital provenance? By using the decentralized network of computers which each has a their own copy of the ledger the network removes the need for trust by providing verification
- Why doesn’t a normal database bring the same provenance? A normal database is centralized or under the control of a central authority which creates the need of trust when using or dealing with an opaque entity.
- Why is digital provenance such a great benefit to many businesses? Digital provenance creates the ability to verify every aspect of the logistical process which will raise efficiency which will lower cost and raise profits
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- How does blockchain enable digital provenance? - By being immutable and self verifying. This way you do not have to trust but verify.
- Why doesn’t a normal database bring the same provenance? - It is centralized database that can be modified in undesired ways both by its owner/operator but also by hackers. You have to trust that the owner/operator has bug free dbms system that is unhackable. History shows this is rarely the case.
- Why is digital provenance such a great benefit to many businesses? Blockchains are like cash in the sense when you exchange something of value you do not need to know or trust the counterparty since you can independently verify the validity of the blockchain independently just like examining cash received for marks that proves it is real. You don’t need to trust the counterparty if the cash is legit.
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Blockchain enable digital provenance because none of the data stored in centralized location which creates trustless environment and every user has to verify data through computer algorithm.
Normal database will never bring this kind of provenance because all the data is stored in central server where the authority has access to the data which they can track or remove.
It is such a great benefit to any industry because it provides trustless environment and equally fair for anyone, it reduces theft and no one can alter the system.
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With the help of blockchain technology, we can easily track the things/origin of things as it provides transparency. So digital provenance is the good use case of blockchain.
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In normal database records can be easily edited, delete. It doesn’t provide transparency because it’s centralized.
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If a person knows while he/she is purchasing the food that all the ingredients are from mentioned places and maintains good quality standards, he/she is happy and ensures to buy this food packet.
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Blockchain enables digital provenance because it is a immutable public ledger with which things can be tracked and audited.
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A normal database in centralized and requires trust. Blockchain is public and immutable.
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Digital provenance is a great benefit to businesses because transactions can all be tracked and so can the origins of ingredients and products.
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How does blockchain enable digital provenance?
Due to inherit abilities of blockchain where everything is transparent, its possible to see from the very first origin transaction. -
Why doesn’t a normal database bring the same provenance?
They can be manipulated since they do support removing information. They rely on trust. -
Why is digital provenance such a great benefit to many businesses?
Now everything is trackable, you don’t have to trust, just verify.
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- How does the blockchain enable digital provenance? I am not sure exactly but I would say that since every transaction is tracked and time stamped and can’t be deleted, one can follow a transaction throughout the blockchain.
- Why doesn’t a normal database bring the same provenance? Provenance allows one to track in real time.
- Why is digital provenance such a great benefit to many businesses? you can track almost anything and thus don’t have to “trust” the other party. It makes life more efficient
Hope I am on the right track!
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- Blockchain enables provenance by tracking and tracing the supply chain or value chain.
- Normal databases don’t integrate accounting & transactions and are trust-operated.
- This is a great benefit because its trustless system, cheaper and using mathematical verification
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1.Every transactions is clear and on a public ledger, ie everybody knows where it came from.
2.A normal ledger is not always public , does not have the accounting layer and transactional layer built in and a normal ledger does not have as much information on it as a blockchain does so it would be much harder to trace.
- Removes trust, everyone has the same information.
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Because when the information is on the blockchain it is there to stay. You can only add things and not change. Therefore you can trust the info on the blockchain.
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A normal database is centralized by something or somebody. We don’t know if that something or somebody has a hidden agenda and tries to manipulate the data. Because blockchain is decentralized makes it easier to trust the information.
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Because all the info is on the blockchain. Its like the example you used. I believe it was up to 30 percent that the end producers don’t know what is in their product. With digital provenance you would not have this cause everything is on the blockchain and visible for everybody.
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- How does blockchain enable digital provenance?
Blockchain enables digital provenance by storing and recording data in decentralised database, where the data cannot be manipulated with. - Why doesn’t a normal database bring the same provenance?
A normal database is centralised and the inputs may be changed anytime by the controlling entity. - Why is digital provenance such a great benefit to many businesses?
It will benefit many bussiness, because it creates a more transparent flow of information, thus increasing trust between all parties.
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- Blockchain enables provenance by being a digital stone. You can only add information, never take away. Every transaction can therefor be verified.
- A normal database is centralised an can be manipulated and tampered with. The owner can choose witch information they want to highlight and what they want to hide.
- Because Blockchain makes it possible for companies to be transparent and operate within a trustless society. This will help them with their credibility since every transaction made will be visible on the blockchain.
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- How does blockchain enable digital provenance?
You can track and audit each transaction in real time on a public ledger.
- Why doesn’t a normal database bring the same provenance?
Because a normal database doesn’t have the same transparency that blockchain does, making it harder to track a specific action at any point in time.
- Why is digital provenance such a great benefit to many businesses?
It makes tracking and auditing transactions a lot more efficient on time and resources and eliminates the need for trust.
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- Blockchain is an database, and you cannot manipulate data that’s already in the blockchain. You can only add data but you can not remove data.
- On Blockchain you can only add data but you can not remove data.
- You can access data anytime you want if you run a full node. There is no need for third person to audit records. Because it is not possible to remove data there is no possibility for corruption.
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- How does blockchain enable digital provenance?
Through public ledger - Why doesn’t a normal database bring the same provenance?
Normal database is centralized - Why is digital provenance such a great benefit to many businesses?
It allows businesses not to trust and verify transactions themselves.
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My Answers
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By having a database where you can add data but can not remove data. Ledgers can be viewed by the public and therefore can be easily traced.
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It is often controlled by a central authority. The data can be tampered with and have no traceability to those changes.
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It removes trust between parties, saves valuable time and reassuring.
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1.Transactions recorded cannot be manipulated or changed, they are public and can be verified.
2.Centralized data base can be altered, therefore people managing it need to be trusted however the system cannot be verified.
3.Ensures transparency for customers and efficacy for the company’s operations.
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Blockchain can be compared to a “digital stone”. Transactions can be added but cannot be remove from it. So it allows to track the provenance of every transaction made.
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Because right now there are too many third interesst behind a datebase. The goverment or any central authority can add or remove and manipulate the Data. We cant really track what they are doing, so we have to be trustfull about the Provencance.
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Its a great benefit when it comes to fair trade food or clothes companys. With an digital provenance they can really verify the steps each product makes before it comes to the customers.
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