- Blockchain, working as a digital stone allows all transactions to be recorded, in real time, without ever being corrupted by outside agencies. Nothing can ever be erased; therefore, transparency is achieved.
- Normal databases tends to be compartmentalized between the accounting and the actual transaction. A centralized authority is needed to gather up all information in a normal database.
- Digital provenance provides the ability for non-trust systems which forces verification of information for any product lineage. Business will no longer need to assume and trust outside information but instead freely audit their own logistical patterns and product origins, again for free.
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How does blockchain enable digital provenance?
- all transactions are recorded on the Blockchain. No record can be deleted and edited after the creation.
Why doesn’t a normal database bring the same provenance?
- anyone with the proper access to the database can adjust the record
Why is digital provenance such a great benefit to many businesses?
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with the right setup, they can rely on the blockchain to do the verifying of every part of the supply chain
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I immediately think of in coffee, people put huge emphasis on the bean’s origin (this would directly related to the price). What if a customer can get an NFT that verify the origin of the coffee one enjoys, with the time stamp and origin verified by the blockchain, and the customer can kind of showoff the NFT of coffee one enjoys!
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- How does blockchain enable digital provenance?
Every Transaction adds another block to the blockchain and one can look at all these blocks in order to know where the bitcoin came from. Also one can not hack the Blockchain in order to fake or delete the provenance of the bitcoin (immunita. - Why doesn’t a normal database bring the same provenance?
A normal Database is hackable or can crash completely, in which case data can be lost. Furthermore it is centralized, saying authority could manipulate the data, so one just has to trust the central authority. - Why is digital provenance such a great benefit to many businesses?
It satisfies costumers, they don´t have to trust the business anymore, because they can just check the origin of the product with the help of blockchain.
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good one bro! Seems like you already know your stuff! Could you do me a favor and check my homework I just did if everything I said is correct? 
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Blockchain enables provenance by embedding the transaction in the accounting of the transaction therefore we can track the origin and verify authenticity.
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A normal database does not bring the same provenance because it not immutable meaning the administrator can go back and change transactions since it is not a public consensus ledger.
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It allows businesses to track the authenticity and quality.
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Data Provenance is the field of recording the history of data from its inceptions to various stages of the data lifecycle. This record essentially forms an audit trail for the data itself. Blockchain technology is a distributed de-centralized immutable ledger. For example with NFTs, after a piece of art is created the artist signs a digital signature that tokenizes the piece of work; demonstrating its authenticity and entering its ‘data’ onto the Blockchain.
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Normal databases use the Trust system where everything is based on an entity’s word, blockchain uses the public ledger where nothing can be removed and everything can be tracked.
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It prevents fraud, corruption etc.
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Blockchain enables digital provenance by being public and easy for anyone to search transaction codes as well as wallet adresses so that there is more transparency for each step a certain product or asset takes.
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Normal Databases are generally cetralized and are editable. this elads to lots of vulnerability of the data being tampered with by people within an organization or from outside sources if security is breached. where as blockchain has the nodes and validators that keep trace of the current chain, accepting and adding to the chain the transactions that are legitimate and ignoring the ones that do not match with the current chain as well as the concencus of other nodes and validators, as each node and validator has the same copy of the current chain.
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In terms of its use for a business for its customers, it gives the customers the ability to trace where their product comes from as well as the path it took. in terms of physical products it can show whether the business sources its products from manufacturers that use the advertised products and whether they use ethical processes to produce their goods. In terms of a pure business standpoint this allows for easier problem resoluton. for example there is a deffective batch of products that one section is failing or is contaminated and has caused harm to their customers, they can easily source back these products to the specific batch, trace what part of the product has the issue, where that specific part was sourced from and which batch from the manufacturer. thus saving a lot of time and money having to recall every product sold, instead they can just recall the specific batch that is afected.
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How does blockchain enable digital provenance?
The blockchain enable a traceability and provenance of each and any compound present in a product , should it be a virtual product, services or ingredients. This is made possible by a chain of computers composing a network of devices checking if any informations and data’s are similar. If one computer provides non similar data’s it will simply be ignored. This is making the consent of graved stones : we can add data’s however we can’t erase or replace any data.
This network of interlaced computers’ data’s is therefore enabling a crystal clear traceability from start to finish of a product. The transversal non hierarchical instantly auditing (versus the vertical control) Enables to track provenance -
Why doesn’t a normal database bring the same provenance?
If any system is not based on a cross over verification of similar data’s, (blocks of computers verifying the similarity of data’s received from the network) it can be corrupted and therefore transformed, modified, or some elements can be omitted or replaced. -
Why is digital provenance such a great benefit to many businesses?
The digital provenance track enables the business to trust the products they buy, it can track the date of production, the geographical provenance as well as the compounds entering in any product from their providers. This is a proof of trust offering a gain of time, of effectiveness and safety.
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Blockchain enable digital provenance because is a public database which you can verify every time.
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A normal database is centralise, that’s the main reason, and you have to “trust” in a human. One of the main reason blockchain was so successful is because is decentralize.
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Digital provenance, allow businesses to be aware of every transaction in their books.
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Because of the network of “nodes” that verify ledgers, auditing can be done in realtime whenever something “new” is added to any given block of data or code. The cross-referencing of nodes acts as almost a master-less accountant whose word is law, based on a “majority rules” system built up through time. In other words, everyone can see what’s going on, and it is very hard for one particular person or group to “cheat the system”.
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A normal database must be overseen by a governing body with authority for it to be respected at all. Because of the state of technology today, without blockchain essentially creating non-replicable digital footprints, a normal database or ledger relies on trust and is therefore in danger of manipulation.
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Digital provenance allows and given business to trace any aspect of their processes, whether it is the source of materials, ingredients, workforce, accounts, or even prospective clients. If you are able to trace everything to that extensive of a degree, at the very least, accounting costs are erased, since a trusted third party is unneeded (making large accounting firms essentially obsolete). Furthermore, this creates transparency with regards to any aspect of the business process that is important to the owner. This allows for a more cost effective, socially centered, eco-friendly, and even ethically sound business all around.
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- It provides an immutable ledger of transactions that cannot be altered after the fact
- A regular database is centralized and managed by people, in other words, changes can be made and data can be deleted.
- Real time auditing, increases efficiency so you can combine accounting and transactional layers. Complete transparency, and publicly viewable.
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1- In a dezentralized Ledger ther is no Authority. Trust is build by consensus of a lot of nodes what is a valid transaction and what not.
2- Because you can only add by a transaction but not change or remove data. So always fully transparent history to verify. Databases can be manipulated by users with admin privileges
3 - Because it makes things transparent and therefore builds trust by algorithm and not by (biased) organisations oder perople with power.
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Blockchain enables digital provenance as it will keep a permanent record of each transaction that cant be removed. Each step of a supply chain can be verified and therefore trustless.
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A normal database will not be decentralised so it is possible for a central authority to alter the database. Also a hacker can get into a centralised database and change records which would not be possible in blockchain as the nodes would not verify this.
3.Digital Provenance allows businesses to have real time auditing, streamlining the process by having accounting and transactional information together. It allows manufacturers to remove trust over their suppliers as they can verify and track the supplychain.
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[quote=“ivan, post:1, topic:8423, full:true”]
Homework on Provenance - Questions
- How does blockchain enable digital provenance?
It gives you the ability to see every transaction ever made without the ability to delete transactions. - Why doesn’t a normal database bring the same provenance?
It involves trust. You must trust where the money, or the product, or the ingredient came from whereas in bitcoin you can verify. - Why is digital provenance such a great benefit to many businesses?
It can give customers transparency as to where the product comes from, what ingredients it has. It removes TRUST.
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the provenance is tracked by the blockchain, blockchain is like a stone data edged in cannot be erased, blockchain is an open ledger that can trace back every transaction
2 normal databases are centralized with some government authority in controlling or manipulating the outcome.
3. digital provenance is beneficial for many business because it allows for business to be transpearent as possible of where their goods are coming from and tracks all the ingredients to the final recieved produced
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The blockchain enables digital provenance by using math and data stored in chains to create a trustless record/ transaction that cannot be changed and is transparent and public.
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The normal database requires trust in another party, such as a centralised party, to manage the data in an opaque way, where we won’t know what is happening behind the scenes.
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Digital provenance can change how businesses operate, reducing the need for ‘blind trust’ in another party. Each step is verified and proven to be true in the blockchain, which cut down the process of auditing and reassurance through the power of math.
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How does blockchain enable digital provenance?
Once data is entered into the public ledger it cannot be removed. Thus provenance cannot be disputed. -
Why doesn’t a normal database bring the same provenance?
Because it can be changed. -
Why is digital provenance such a great benefit to many businesses?
Because it ensures product quality and consumer confidence, among other things
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1.Blockchain can be described as a digital stone, One can add data but not remove it. A network of
computers holds a ledger of data and transactions allowing trustlessness.
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Trustlessness cannot happen. It is not decentralized.
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Digital provenance can allow users/customers to understand what “x” does and why. Or, where “x”
comes from. Transparency is always good for business.
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Homework on Provenance - Questions
- How does blockchain enable digital provenance?
Anyone can access the blockchain a watch any transaction on it. - Why doesn’t a normal database bring the same provenance?
A normal database is not on a public and secured ledger with an automatic process to confirm the transactions. - Why is digital provenance such a great benefit to many businesses?
They can assure the customer that their product is original and not counterfeit.
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Every iteration of your product is linked to the previous iteration so you track all history beginning with the source original.
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Normal databases don’t include the linkages back to origin.
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Helps to guarantee purity and prevents fraud.
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