Homework on Provenance - Questions

Blockchain and Bitcoin 101
#5724
  1. How does blockchain enable digital provenance?
    ANS-Digital Provenance via blockchain is achieved by Real time transaction record by tracking all inputs.
  2. Why doesn’t a normal database bring the same provenance?
    ANS- because normal/current database is reliant on unreliable(manipulated) inputs that is not transparent.
  3. Why is digital provenance such a great benefit to many businesses?
    ANS- it increases reliability, saves substantial amount of operations cost, No need to cross refer transactions as everything is recorded in one block.
1 Like
#5725
  1. How does blockchain enable digital provenance?

Digital provenance is tracing/tracking/ of digital data/information/files. It’s basically the forensic of data in depth. How can blockchain enable digital provenance because Blockchain Technology ensure

  • Accessibility of data to anyone from anywhere in the world- Openness , No Secrets
  • data on it is Immutability, which means all data/information on blockchain is Raw, Pure and True- No one can edit or alter the data.
  • decentralised (server-less)
  • Network is public and don’t sleep because its global. Any computer in the world can be part of network.
  • Proof of Work or Proof of Stake ensure the authenticity of data. False data can’t be entered.

with above mention characteristic, any person can get in the network and read the files.

  1. Why doesn’t a normal database bring the same provenance?

Because normal database are centralised, controlled, inaccessible, data can be manipulated. Stakeholders are the owner so who knows what they entered at the first place. Real or Fake.

  1. Why is digital provenance such a great benefit to many businesses?

Because it ensure the authenticity and originality of the data and that can increase the confidence in business and consumers. Digital Provenance can help business/consumers in many ways.

quick trustless transections. Peer 2 peer connection.
Efficient Supply Chain by Removing unnecessary delay and middleman.
Eliminate forgery, counterfeit industry.
Authenticity of Medicines, foods or any product.

2 Likes
#5726

1. How does blockchain enable digital provenance?
Because it allows only to add new data to the blockchain. It does not allow to remove any data previously added, so all previous blocks in the blockchain can prove what happened with the product in the past ( = provenance)
2. Why doesn’t a normal database bring the same provenance?
Because normal database allows to remove/edit previous entries, which means it won´t have level of genuiness when it comes to provenance. (compared to blockchain)
3. Why is digital provenance such a great benefit to many businesses?
It could solve many potential issues. When customer is paying for a product/service (for example a car), he will know if the information stated by seller is correct. He will know exact cars history, if it was crashed in the past, what kind of repairs were done there, how many kms it has in total……

1 Like
#5727

  1. All transactions are recorded digitally and in real time. All entries, once confirmed, cannot be edited or removed which allows users to follow products from point A to point B and all stops in between.

  2. While a normal database is capable of providing provenance, it requires one thing of the user that blockchain does not, trust.

  3. There are a number of benefits digital provenance provides where traditional methods fail. The most obvious being it is trustless. Users are not burdened with extensive research and background checks, what you see is what you really get as opposed to normal databases which require users to put their faith in their suppliers as well as their own judgement. A second benefit is entries are recorded in real time so if something does go wrong, tracking shipments is as simple as pulling up a web page or looking at an app. Finally on the frontend, it works as a marketing tool to set a company apart from competitors. Not only are they not reliant on trust, their consumers can rest assure that what they set out to purchase is what they are really getting.

These three things reduce inefficiencies and ensure quality control which in the end, increases the bottom line.

1 Like
#5728

Blockchain enabling digital provenance means that there is software which is enables complete transparency with the information being dealt in real time. This can be applied to accounting and finance, supply chain products such as clothes, cars, food. The blockchain naturally creates an audit trail which cannot be changed, or removed in any way. It can only be added to.
Blockchain can enable transparency on the business, product and item level. It allows for anyone, at any time to access and verify any data that they would like.
Blockchain allows provenance to exist because it does not belong to anyone and has no feelings for the one using it. It only enacts what is mathematically encoded in it. Nothing else. This creates a Trustles system as no singular entity is needed to be trusted in order for it to work!

  1. A normal database consists of entities which control the information. As this is generally a singular point, it is prone to error at any time. These centralised systems require trust in order for them to work and their errors are seldom known to the public or the consumers. And generally these centralised systems can often become more and more prone to error and collapse as they grow.

  2. Digital provenance gives many businesses real time information about every single point of data from start to end. It gives a rich and precise history with all the benefits of speed, efficiency and cost effectiveness. In the case of a business like apple, we would be able to tell where glass is made, when it was made, who it was made from, whether they were paid correctly, who assembled the glass with the case etc etc. When all this information is so transparent, real and immediate, its good for the business that use it because they are able to fix issues very very quickly and precisely.

1 Like
#5729

Hi Everyone, Rob here:

  1. Blockchain enables digital provenance by being a “digital stone”, a public ledger where you can only add data and never remove it. This will keep a permanent record of the data history/origin and define ownership.
  2. Normal, databases do not bring the same provenance because the data can be removed and copied.
  3. Digital provenance is a great benefit to most businesses because it not only keeps a public permanent record but also offers real-time auditing with transactions by combining the accounting layer with the transactional layer. This type of provenance can be adapted to many situations in the marketplace including the food industry, IBM, and supply to trace activity so we can take trust out of the business equation and simply verify.
2 Likes
#5730
  1. Due to the concept of the blockchain, the life cycle, the type of data collection and processing of the data can be viewed from the creation to the present. The data stored in the blockchain cannot be changed or manipulated, also due to the replication of the data in the decentralized network, they retain their integrity.
  2. Prone to manipulation or deletion, the availability of the databases is not always guaranteed, can also be slow and expensive.
  3. They benefit from: encryption, fast, public and private access, immutable data
2 Likes
#5731

  1. it allows you to trace everything. where things come from and who/what is involved. it creates a trustless process where there’s no one person/entity that can manipulate the transactions (decentralization).

  2. Because a normal database is usually controlled by one company or person which makes it very opaque. there needs to be trust that the database isn’t being manipulated in or out of ones favor. it puts whoever is in charge of overlooking the database in complete control of everything.

  3. It creates a level of transparency that cannot be matched with any human or organization. it keeps everyone involved honest. It also allows for real time auditing and verification, which gives insurance that everything is done correctly the first time.

1 Like
#5732
  1. Blockchain is a permanent public store of information, that cannot be altered. It can only be added to. This makes all data transparent. Blockchain therefore verifies all data collected, processed and stored and removes the opportunity for malpractice.
  2. With a normal database, informative may be removed or altered in some way and therefore cannot always be trusted.
  3. Digital provenance benefits business through the collection, processing and recording of information in real-time, thus saving time and resources. Having information in real-time means businesses can always focus on lead measures to drive their business on not focus on retrospective data. As blockchain ledgers are immutable, businesses can trust the information at hand. Consumers of these businesses can therefore be confident in their purchase.
1 Like
#5733

love it - lets get on with it! :slight_smile:

1 Like
#5734
  1. How does blockchain enable digital provenance?
    1. Blockchain works as a public, distributed, and inmutable ledge, in which every one can verify the existing data, and there is not option for changing, or removing olders entries. These properties allow real time audits of the data recorded.
  2. Why doesn’t a normal database bring the same provenance?
    1. In a normal database the same provenance is usually provided by the trusted in a third entity or person, that confirm the provenance of the data. This unique and centralized entity has also the ability for changing or removing older records of the database. Any item could be modified, copied or deleted, depending on the interest or the necessities of this unique entity. So the strength (an also the weaknesses) of the whole system is based on one entity o person, while the strength of the blockchain is provided in a simultaneous way by the whole system an by each part of the system.
  3. Why is digital provenance such a great benefit to many businesses?
    1. Digital provenance allows real time audit of the data by any user. This digital provenance provides companies, governs and user with a unique method for verify the traceability of the records included in the blockchain. Additionally, reduces the dependence on third trusted parties for the the systems based on this technologies
1 Like
#5735

Hey everone!

  1. Every transaction is safed publicly for eternity and can’t be deleted.
  2. In normal databases you can edit/delete information, and most of them are not publicly accessible.
  3. It provides real-time auditing and can be traced. We dont need trust no more! We can rely on code :slight_smile: Which i love
1 Like
#5736
  1. By only adding and storing information on the blockchain so the information can be verified.
  2. There is a lack of automated process of elimination, multiple computers are not being used to find the equation to solve an answer.
  3. Digital provenance can allow recorded keeping on every step of a process that is permanent and allow mathematics to perform quality control of information in the form of audits. To verify truth of events.
1 Like
#5737
  1. Transparency in the transaction. All the steps are linked into the chain and they are public and immutable
  2. Elements can be deleted and they are centralized. not distributed copies as for blockchain
  3. Because everything can be verified. No need to trust in suppliers. Final customers can verify by themselves quality of product. No counterfeits… this is huge issue for businesses with the mission of high quality product… I am Italian an small and honest food producers that I personally know lose a lot of money due to fake Italian food around the world…
1 Like
#5738

Homework 2.0

  1. You can track the origin of a product using the technology of blockchain. You can verify whether something is true or false by looking at the public record of the blockchain.
  2. because a normal database is not trustless, you have to trust a third party that the information they are profiding is correct.
  3. because it profides the customer with a sense of security. because it provides them with the ability to verify something by himself. And the businesses can use digital provenance to see how efficient their production is, to see where resources are/were allocated at a given time.
1 Like
#5739

Hi everyone,

  1. It enables provenance since you can track each movement in the blockchain and can´t never be erased.
  2. A normal data base is centralized and can be modified by the owner of the data base.
  3. The precedence for their components from suppliers can be tracked easily, real time auditing.
1 Like
#5740

"Homework on Provenance - Questions

  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?"

A1. The ledger is public and exist right on the blockchain so it can be inspected and audited right on the blockchain without having to locate or reorganize all the records from elsewhere.

A2. A normal database may only save one part of the business process, such as sales transactions, or only the invoicing transactions, etc. Where as on the blockchain all the transactions and records are saved right there together on the blockchain.

A3. It eliminate the necessity to have to hire expensive independent auditing firms to come in to the business and then all the efforts spent within the company to get the audits completed. Also, the open records tracked by the blockchain allows the companies to readily perform their own speedy search and discovery of their own business inventory and transactional histories right from the blockchain in a centralized manner.

1 Like
#5741
  1. Digital provenance in blockchain is enabled because it’s like being 'written in stone. All the origins and details of the added record are kept in DB forever and distributed through all the nodes.
  2. Record in a normal DB could be altered, thus virginity…cough, provenance of the original record is lost.
  3. Provenance is great for business because it eliminates a need for a third party audits. It’s all transparent on the chain.
1 Like
#5742

  1. Blockchain enables provenance through cutting out elements of trust through middle-men. Instead of assuming that the ‘Chinese-whispers’ of information along some supply chain is correct, it may be publicly verifiable through digital the digital footprint on the blockchain.

  2. A regular database may not bring the same provenance as there is almost always a centralised body which has access to modify data. By accepting that the information from a database is true, you are putting your faith in that the owner of the data is acting properly and in good faith.

  3. Digital provenance is important as data is automatically auditable and transparent. This removes the potential for employee mistakes and dishonourable actors.

1 Like
#5743

Blockchain enables digital provenance because no 1 authority can adapt/adjust/manipulate anything on the public ledger. Things can only be added on and not deleted.

A normal database can be changed without consent from other parties.

eliminating trust issues
Because nothing can be adjusted and only things can be added it is obvious that transparancy is key. Audits can easily be made, steps can be retraced and a clear view of what happened will always stay on the blockchain

1 Like