Homework on Provenance - Questions

Blockchain and Bitcoin 101
#5664
  1. How does blockchain enable digital provenance?
    Blockchain brings together the transactional layer and the accounting layer, which enables real time auditing in a trustless manner. Since the blockchain is public and data can only be added, not removed, the blockchain can not be tampered with, and provides a verifiable record of transactions or other things such as supply chains
  2. Why doesn’t a normal database bring the same provenance?
    A normal database is centralised and thus does not have the freedom from control and potential manipulation that blockchain has.
  3. Why is digital provenance such a great benefit to many businesses?
    Digital provenance is extremely efficient and removes the need for manual auditing of accounts, supply chains and other transactions. It increases transparency by enabling businesses or their customers to see details of their supply chain or to verify things such as the ingredients in food items.
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#5665

on Provenance - Questions

  1. How does blockchain enable digital provenance?
    Because the information is written on the blockchain it is “like written in stone” and therefore permanent, and it’s all public information that anyone can acces.

  2. Why doesn’t a normal database bring the same provenance?
    Because the information is controlled by private people, and easily changed, and there so no real way to keep track of any information without the need for trust.

  3. Why is digital provenance such a great benefit to many businesses?
    All information is the original information that’s chained to the product/coin/contract/whatever.

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#5666
  1. Blockchain can enable digital provenance as the blockchain is like a digital stone so all transactions are recorded. Everyone who participated can verify all transactions on a public ledger. All actions cannot be erased so we will always know the provenance and the destination.
  2. In a normal database the transactions can be altered meaning they can be erased or removed. The database cannot be audited in real time whearas in the blockchain real time auditing can happen
  3. It gives the possibility of real time auditing and tracking so this will eliminate trust as everything will be verified
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#5667

Blockchain enables digital provenance by being a transparent public ledger that transactions cannot be reversed or manipulated therefore others can verify the origin source of data without trust but by a process resulting in verification.

A normal database cannot bring the same provenance as its ledger is based on trust data saved on blockchain cannot be reversed and is transparent.

Digital provenance is a great benefit to business as data can be verified from its origin with full transparency in a short space of time.

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#5668
  1. By a shared data base that can’t be changed nor erased
  2. Because it can be corrupted, or simply erasen
  3. It can verify that certain processes have been done in many businesses, not only transactions
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#5669

  1. How does blockchain enable digital provenance?
    Because it is decentralized so no one can modify the data, so it becomes trustless and will fluidize B2B relationships in a better future.

  2. Why doesn’t a normal database bring the same provenance?
    A normal DB is not immutable and is under the control of an organization that you will have to trust. So it cannot bring trustful data provenance.

  3. Why is digital provenance such a great benefit to many businesses?
    Efficiency, security (less frauds), more customers because they will have more guarantees of what their are buying

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#5670
  1. How does blockchain enable digital provenance?
    Block chain provides an immutable decentralized database by having trustless distributed ledgers where information cannot be manipualted or changed.Each transaction is then made transparent and can be traced, the blockchain enables the system to be trustless with real time auditing, transaction and accounting data.
  2. Why doesn’t a normal database bring the same provenance?
    Transactions are more opaque and are harder to be traced as a third party holds it. such data can be witheld etc.
  3. Why is digital provenance such a great benefit to many businesses?
    accountability, traceability.
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#5671

  1. How does blockchain enable digital provenance?
    Blockchain enables digital provenance by creating transparency which allows for real time audits. At any given point real data is recorded on the blockchain creating an audit trail that can authenticate the process.

  2. Why doesn’t a normal database bring the same provenance?
    A normal database cannot be audited in real time which gives room for transactions to be altered or fabricated.

  3. Why is digital provenance such a great benefit to many businesses?
    It can give businesses a way to attract new customers or investors by being transparent. They can set themselves apart by open about their processes ensuring the public that they dont need to be trusted because they can be verified.

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#5672
  1. Blockchain enable digital provenance by tracing all transactions at different stages, publicly.
  2. Normal databases are based on trust and third parties, provenance allows you to verify without trust or third parties.
  3. Digital provenance allows the tracking and tracing of all parts of a supply chain of most any business
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#5673
  1. Because the ledger cannot be altered.
  2. They can be manipulated and altered.
  3. It provides clarity and can verify the quality and source of the products and services they are dealing with.
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#5674
  1. Information on the blockchain cannot be deleted, only added. The Blockchain enables you to track things. So with the information added you can trace all added information at any time. This added information cannot be altered. You will be able to see the origin of information.
  2. A normal database, can and is being changed or altered all the time. A normal database relies on trust, the blockchain relies on verification.
  3. With digital provenance the way our economy runs may change. Todays products, with their long chain of production steps through different countries and places, the customer cannot keep track of where a product is coming from, or where individual parts are coming from. Therefore it is difficult for the customer to compare products, also in terms of work conditions, or the environmental effect of certain ingredients. With digital provenance, power is given to the end consumer through knowledge based on verification, rather than trust which has been disappointed so often. Digital provenance is knowledge through verified information.
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#5675

  1. How does blockchain enable digital provenance?
    The distributed ledger can not be changed.

  2. Why doesn’t a normal database bring the same provenance?
    They can be changed at any time.

  3. Why is digital provenance such a great benefit to many businesses?
    Everything (assets, transactions, holders, ingredients, constituents, states etc.) can be traced backed to its origin, is verifiable.

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#5676

In a blockchain you have a transaction and an accounting layer at the same time, so you don’t have to trust anyone anymore. just check and verify

Because normal databases have only the transaction layer

It’s a real time digital audit, constantly

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#5677

  1. The blockchain allows us to merge transactions and records into one source. It is completely transparent, and allows anyone to see each transaction and track things in the blockchain without a need of a 3rd party.

  2. Currently, a normal database is ran by a trusted 3rd party. These databases can be corrupted, and the information is not public. You need to audit to obtain the information that is completely transparent in a blockchain.

  3. Digital provenance benefits business’ by creating a more efficient way to transact and verify those transactions. They will not need to hire outside auditors, but can access all transaction data on the blockchain.

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#5678
  1. The decentralized technology that blockchain implements allows the elimination of trust, meaning that there is no need for faith or hope in the technology. Everything is concrete and absolute, and can be verified at any moment.
  2. Normal databases do not use decentralized technology, meaning that a central authority has to verify the data that goes through. This manifests a need for trust, as this data can be manipulated and/or controlled by the authority. In blockchain, we trust the algorithm, in centralization, we trust the authority.
  3. It provides the ability for RT auditing (real-time auditing) which means that no transactions or data can be manipulated. This provides customer satisfaction as well, as more traceability and trackability give customers reassurance against any fallacious data or claims.
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#5679
  1. How does blockchain enable digital provenance?
    Blockchain enables provence by utilizing computers and mathematics to verify each transaction.
  2. Why doesn’t a normal database bring the same provenance?
    A normal database requires audits to trust each transaction and blockchain allows you to verify everything without having to trust. “verify not trust”.
  3. Why is digital provenance such a great benefit to many businesses?
    from what I have learned from the workforce, is that time is essential, and being able to verify yourself saves tons of time and with extremely high accuracy that trust just can’t match.
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#5680

Homework on Provenance - Questions

  1. How does blockchain enable digital provenance? the accounting/transaction recorder on the blockchain
  2. Why doesn’t a normal database bring the same provenance? Accounting and transitions take place separately
  3. Why is digital provenance such a great benefit to many businesses? no audit is required, just look on the blockchain
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#5681
  1. Blockchain enable digital provenance by recording all legitimate transactions on each node upon each transaction being completed.
  2. A normal database is centralized while blockchain decentralized. So centralized database can be hacked by professional hackers and forgeable by human or technical errors. On the other hand, decentralized blockchain commands digital provenance by making it impossible to forge all decentralized nodes at the same time.
  3. Many businesses will have benefits by employing digital provenance, because they are given trustworkthiness by all participants in their internal and external eco-social-business system.
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#5682

  1. All transaction are written on the blockchain and cannot be removed (written on stone). Blockchain is
    an open ledger where all transaction can be traced.

  2. Normal databases are not decentralised hence can be manipulated or influenced by outside parties ie governments. These databases are based on trust and also open to hackers.

  3. Real time auditing and that all transactions can be verified / traced

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#5683

How does Blockchain enable digital provenance?
On the Blockchain transactions cannot be removed and remain forever
Why doesn’t a normal database bring the same provenance?
A normal database cannot be audited in real or changed
Why is digital provenance such a great benefit to many businesses?
It can be transparent to all its customers because they can be verified and trusted.

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