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How does blockchain enable digital provenance?
Immutability ensures data are not selectively erased. -
Why doesn’t a normal database bring the same provenance?
Because data can be selectively erased. -
Why is digital provenance such a great benefit to many businesses?
Allows customers to verify company claims, rather than having to trust them.
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Q) How does Blockchain enable digital provenance ?
A) Blockchain is a database were you can’t remove information, is connected between node, registry of the same information everything can be trace and track and real time. information is inmutable.
Q) Why doesn’t a normal database bring the same provenance?
A)Because a normal database could be alterated , you can remove information or change it . In blockchain that’s not possible.
Q) Why is digital provenance such a great benefit to many business ?
A) information can be public to every person that need it. There is transparency, validation and authenticity.
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As all the transactions are tracked by blockchain, is in the history that everybody can look up. You are only able to add transactions and not remove. The platform is decentralized and not depending on 3rd parties to do different parts of services.
Mostly because they are centralized, and you have to trust 3rd parties, giving them informations or funds, that they oversee and use.
Because they can be their own accountant, send, receive, follow every transactions without banks and any other centralized (so have to be trusted) financial services.
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Since it is a immutable ledger it cannot be changed
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A normal database is centralized and hackable
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Secure provenance that records the ownership and process history of data objects is vital to the success of data forensics in cloud computing. In this paper, we propose a new secure provenance scheme based on group signature and attribute-based signature techniques.
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- How does blockchain enable digital provenance?
a) Blockchain enables digital provenance because: the data of each transaction added to the public ledger (blockchain) can not be manipulated, changed or removed once processed. Making the process of tracking every detail of a transaction honest and traceable. Because of blockchain, the origin, lifespan and state of something is all documented in real time, publicly, creating a now transparent method of trading.
- Why doesn’t a normal database bring the same provenance?
a) Current database is not transparent and can’t be audited live. The product, services or transaction are not traceable and is very easily manipulated and be false, removing all trust.
- Why is digital provenance such a great benefit to many businesses?
a) Businesses are now able to KNOW and TRUST (due to live audits, traceability and transparency) all data of a transaction due to it being verified and businesses can have confidence in the data of each trade.
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Public ledger which cannot have past transactions altered or removed. Multiple copies of the ledger on the network exist which must agree/trust any new transaction is valid before it’s added.
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Normal databases can have it’s data changed without the same degree of verification - i.e. additional processes would be needed to safeguard unauthorised changes.
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The information about any transaction is kept with the transaction at the time of the transaction, so removing the need for additional checking/auditing.
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- How does blockchain enable digital provenance?
Because you use a network of computers which isn’t in anybody’s control. You can’t change things on your own. When somethings wants to be added it needs to be verified first.
- Why doesn’t a normal database bring the same provenance?
Because you can change normal databases on your own, you can add and remove things and this is not possible with blockchains.
- Why is digital provenance such a great benefit to many businesses?
Because it speeds things up. Everything is transparent so the company can be more trustworthy in the eyes of the users. Businesses don’t have to hire a 3rd party to do things like accounting and tracking of products.
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Via data embeded into blockchain as history that cannot be modified, it is public and can be audited instantly.
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Data transacion and the actual data are seperate and often times have many verification and modification states in between, history is harded to trace
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Companies don’t need to depend on trust, in fact it enables full transparency.
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- By removing the trust from the equation. You don’t have to trust if you can verify.
- Because the normal database is opaque and can easily be manipulated/edited.
- Because they are all connected in a web providing transparency and verified data. Everything is auditable and provable in a real time.
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How does blockchain enable digital provenance?
It combinate transparency and verified data at the same time. -
Why doesn’t a normal database bring the same provenance?
Because it is a centralized system, that means the normal database is controlled by a government, an authority, etc. -
Why is digital provenance such a great benefit to many businesses?
Because it is transparent and automatic verified, it is reliable.
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The transaction that is made and is attributed to the decentralized ledger. This transaction is indelible and traceable. That makes it digital provenance
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The origin of an ordinary database is not decentralized and can be manipulated. (changed, removed etc) And if it happens that the system crashes then you have lost the data. Blockchain database always has an exact copy elsewhere
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It is transparent where the transaction comes from. By following the chain. I think it is important for many companies that the transaction can be trusted 100%. They are 100% sure where it comes from or what is contains.
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I liked all your responses but the answer to #2 was awesome, thanks for that.
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- you can only add info, not remove
- A normal database can be erased, manipulated or changed whenever possible
- It gives trust, nothing has to be approved, the information it contains is always checked by multiple ledgers.
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Entry on a public ledger allows transparency of product development chain. Not only proof of origin but also proof of origin of contributing ingredients, their intellectual development, their ownership, change of ownership. This allows the end user to have greater trust, belief and confidence in their buying actions. Thereby increasing the possibility of improved value and price discovery.
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A normal database relies on third party control. Third parties are vulnerable to external influence and conflict of interest. Over time trust becomes comprised as does control and ownership of data.
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As a means of achieving greater trust and confidence from the end user/contributor.
Thereby creating trust in product identity and continuity of product value. This then
works as a two way feedback loop between business and end user.
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It’s public and like a Runestone; a ledger that can only be written on and nothing removed. This removes the need for trust of entities on humanity because the blockchain proves everything through the math.
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Because it can be manipulated and kept private until there is so much distrust that an audit is forced to take place. Which I assume in most cases requires legal action and can become very political.
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Cause and effect…Trustless also remove dishonesty. If you can’t hide your dishonesty then you have no where to hide in the blockchain, therefore you have no place. Audits can be conducted real time and all the time. Leaving you with an open ledger for business to be conducted at the highest speed and reliability.
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- How does blockchain enable digital provenance?
The most profound idea presented in this video was… Never Trust - Always Verify. Trust is certifiable through the process of verification. To verify, a blockchain must be public and must be trackable. You should not be able to manipulate the database, so whatever transactions occur, they will be traceable. You should only be able to add, but not remove transactions, which may be audited in real-time. The accounting layer and transactional layer of a transaction settlement are accessible at any-time. There is no need for physical presence to certify that the transaction occurs, this “trustlessness” is automatically built into the blockchain.
- Why doesn’t a normal database bring the same provenance?
A database that allows changes to be made, and allows data to be manipulated without traceability and tracking, is void of provenance. A database without automated verification of inputs and outputs that are public and accessible for tracing and tracking is void of provenance.
- Why is digital provenance such a great benefit to many businesses?
Provenance is enabled through innovative blockchain capabilities that benefit small, medium and large businesses. It also benefits governments, communities, and society as a whole. Making transactions trustless and digitally verifiable (but I do believe in individual privacy, e.g. Monero) cultivates a fair and just society as a whole. Looking at the benefits of provenance from an economic perspective, small businesses (all businesses, but especially small) benefit because of the ease of tracking and tracing transactions, therefore eliminating the need for expensive lawyers and accountants in some aspects of business (especially dependent on the industry). Medium and large size businesses, those that dominate industries and economies, will benefit from provenance by eliminating the middle man in financial transactions (swift), and therefore taking more control over the user/customer (internal and external to the company) experience.
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1. How does blockchain enable digital provenance?
The technology behind blockchain enables:
Verification of authenticity and consensus for activities that need to be recorded
Traceability/Auditability of records
Immutable/Not changeable, once the transaction is recorded in the blockchain
2. Why doesn’t a normal database bring the same provenance?
The transactions recorded in a normal database are
Based on implicit trust, and, Not verified
Not necessarily Traceable/Auditable
Changeable
3. Why is digital provenance such a great benefit to many businesses?
The characteristics of digital provenance mentioned in the answer to question 1, brings out the following benefits:
Verified Authenticity of products, services, and associated supply chains
Cuts middlemen
Lowers cost
Increases efficiency due to speed and accuracy in maintaining the ledger that records all activities that need to be tracked.
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With public ledger, that is not editable. All data is stored in the database (blockchain)
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Because it is man-made, it is not 100% reliable for that reason. may be compromised.
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Because the origin of the product can be proved at any moment and will be 100% trustworthy.
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Block Chain technology offers the ability to keep track all entries on chain to be transparent and honest. No one person or entity can alter the information and if they try it will be rejected by the computes around the world keeping track of all the entries and agreeing on its validity.
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The problem with the traditional old database system is that it is controlled by one single person or entity and can be alter to produce results that may not be accurate. The database that has the provenance protocol cannot be manipulated making all entries immutable and permanent.
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The benefit to business using the block chain is that it can not only track all money coming in and out, it can also keep accurate records of the supply chain. Businesses that use this technology can have a edge over those who don’t because they can monitor in real time all important data regarding there business for example if there is chain supply issue that may arise it can be fixed immediately.
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Hi bitcoinjim is my first time doing a blockchain course, i have some info just waching videos and study from internet, hope all these kwnolage make us grow in these new coming world. 
have a good one