Homework on Provenance - Questions

Blockchain and Bitcoin 101
#6628

How does blockchain enable digital provenance?

By being an immutable ledger, the incorruptible record of digital data can track its chain of sequence of custody and operations performed on the good or object giving it trust in its reliability to be accurate.

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

A normal database is centralized and owned by a given entity allowing it to be altered and the sequence of events or records of any item or goods giving it less transparency and provenance.

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

Being that with digital provenance a business can track the history of data for an object or information which cannot be changed or altered conveying its reliability and keeps the integrity of those records as well as the confidentiality of user information giving it a verifiable trust.

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#6629

[quote=“ivan, post:1, topic:8423, full:true”]
Homework on Provenance - Questions

  1. How does blockchain enable digital provenance?
  • Blockchain allows you to add new datapoints/records/transactions to the database but not to delete them.
  1. Why doesn’t a normal database bring the same provenance?
  • In a normal normal database you can delete or change previous records.
  1. Why is digital provenance such a great benefit to many businesses?
  • It allows to automatically verify records of the entire supply chain at any point in time. You can trace a product to its origins in a faster, cheaper and more accurate way.
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#6630

  1. How does blockchain enable digital provenance?

    Blockchain is a Real time audit ledger due to immutability in nature so can’t be removed from blockchain.

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

     Transactions in normal database can be delete / hacked but in blockchain database you can add the transaction not delete it.

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

    It gives business to complete trace of transactions and make sure that any agency / third party can’t alter / modify / temper the transactions.

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#6631

  1. It is immutable

  2. Normal databases are centralized, easily corrupted, and expensive to maintain

  3. Tracks data real-time, eliminates middle men (cheaper), verifies authenticity

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#6632

  1. As blockchain is a database (or ledger) where data can only be added and not removed, every transaction can be looked up and verified in real time. This tracing of data enables provenance.

  2. Normal databases can be manupilated if e.g. data has been removed or replaced. Under this condition, no provenance can be enabled.

  3. It brings more efficiency and accuracy e.g. into the supply chain. There is not need anymore for third parties to audit or verify business processes. Saves time and money.

2 Likes
#6633

It makes financial tracking more efficient. Auditing will be improved forever. It is also accessible to the public with real time auditing. If you are a good, honest company, you could be recognised for this.

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#6634

Homework on Provenance - Questions

1. How does blockchain enable digital provenance?

As every transaction is written on the blockchain (digital stone), it creates immutability, thereby enabling digital provenance because all information is public, traceable, and verifiable.

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

In a “normal database,” records can be removed, edited, altered, etc., as the database is centralized.

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

The slogan “don’t trust-verify” is probably the most significant benefit of digital provenance to businesses as blockchains improve transparency, real-time transacting, accounting, and auditing. While for consumers, some benefits include traceability and, most importantly, verifiability.

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#6635

Q1. How does blockchain enable digital provenance?
Answer1: Blockchain is decentralized database that keeps track of all the transactions. Nothing can be deleted from this ledger. That is how it provides digital provenance where everything can be traced.

Q2. Why doesn’t a normal database bring the same provenance?
Answer2: Normal database cannot bring the same provenance because the data is centralized and can be easily deleted hence affecting the authenticity.

Q3. Why is digital provenance such a great benefit to many businesses?
Answer3: Digital provenance such a great benefit to many businesses because it can:

  1. build trust on people/cutomers/clients.
  2. help in making the data transparent for everyone
  3. Flaws and faults can easily be traced back for improvement.
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#6636
  1. ‘Provenance’ is related to the record, access and validation of data history from the very beggining, making blockchain tech a great fit for it With blockchain, the storing, tracing, auditing and verification of this data is
    Blockchain enables digital provenance by validation and
  2. Blockchain being an append-only database, open for peer to peer connections via consensus rules with incentives and encrypted features comes with many perks in comparison to a centralized database*, such as:
    tamper-resistant or at least tamper-evident, ensuring data integrity and many ‘backups’ of the data on a distributed ledger, auditable and verified by multiple peers incentivized to follow rules they agreed upon x centralization of data in the hands of one or few authorized parties, vulnerable to insider bad behavior or external attacks to modify or even delete important information, and therefore less reliable.

*At least, at a first glance, since using blockchain technology is benefitial depending on a business, project or grup priority features and needs, and the goal of implementing or adopting such technology depends on many factors, including the ability to implement the right features, such as the consensus and infrastructure layer

3- Digital provenance helps business to be able to conduct reliable auditing, with data integrity and accounting being possible to be done together with the transactions instead of separately, for ie.

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#6637

  1. How does blockchain enable digital provenance?
    By recording every transaction and making it impossible to alter any data and having the ledger be public allowing everyone to see every transaction.

  2. Why doesn’t a normal database bring the same provenance?
    A normal database can be altered

  3. Why is digital provenance such a great benefit to many businesses
    Digital provenance is trustless and does real-time auditing

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#6638

1: By making transactions easier to verify and keep track of, by using a public ledger.
2. When a database is centralized, information can be manipulated and you can’t track things in real-time.
3. Because you can remove the need for human trust in a transaction by being able to just verify that things were done correctly and also by being able to track details in a transaction in real-time.

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#6639

1 you can trace financial transactions in real-time and since you can’t change any data and only add the data will always remain true
2 because it does not verify with multiple computer systems ( public ledgers)
3 you don’t need trust, you can verify

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#6640

Provenance - A Record of ownership used as a guide to authenticity or Quality.

How does blockchain enable digital provenance?

Blockchain is a public ledger accessible to the general public, it cannot be edited or deleted and in most cases transactions can be completed without 3rd party intervention. Blockchain is fully immutable.

Why doesn’t A normal database bring the same provenance?

A traditional supply chain requires many middlemen AND contractual agreements IT relies generally on trust, however internal systems and databases can be modified and adjusted to show arbitrary figures Which can be biased.

Why is a digital provenance such a great benefit ?

It provides the possibility of real time auditing, accurate traceability and record of ownership without the use of corrupt 3rd party organisations.

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#6641

1.Every transaction on Blockchain is verified by a network of computers. The data cannot be removed or manipulated.

  1. It has a central authority and therefore data can be removed or manipulated. Users have to trust the information is correct.

  2. Improves trust – suppliers data can be verified. Improves efficiency – less time spent on due diligence.

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#6642

answers:

  1. blockchain enables digital provenance thanks to its transparency everyone can see from where to where every transaction goes in real time.
  2. normal database doesn’t bring the same provenance first because it’s not transparent for all to see and second it works on trust, not facts. someone can easily change the information on it and no one will know.
  3. digital provenance is such a great benefit to many businesses because it saves them time and money on accounting and auditing. plus they can trace every transaction in real time and see the entire supply chain. there are more benefits that I am probably unaware of.
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#6643

1.Blockchain records each transaction on the ledger/public ledger so it means the ledger is an open ledger. Every transaction is printed on the ledger permanently and it can be audited in real time .

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#6644

2.The normal database is more centralized and it can manipulated,erased, of data because i think is is not incrypted like on blockchain.

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#6645
  1. It is trustless and the fact that verification can separate high and low quality of ingredients,and also can provide real time audit on transactions.
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#6646
  1. blockchain enables provenance by decentralization of computers.
  2. databases can be deleted and with blockchain the data can’t be removed.
  3. businesses and track and verify without relying on trusting vendors or relying on opaque data.
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#6647

1 Traceable database, that allows people to se what happened from the beginning up to now.

2 Because if a normal database crashes,loses power or gets hacked, some stuff might get deleted or glitched, while for bitcoin it is really hard to crash or be hacked, due to all this decentralization.

3 People ca prove the thing really happen, and where the money is send.

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