1)Blockchain its a public ledger of transactions allows to track the provenance. Transactions are written on the blockchain and cannot be removed (viking book).
2)information can be added removed or manipulated data its not share with the node. Untrusted like governments
3)can trace financial transactions in real time can be outdid in real time can track origin of things.
Uses math to verify
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It is achieved by tracking and Auditing that is done in Realtime by utalizing the info that is provided from the Blockchain Ledger
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Because the Central Gov is controling it which can and is manipulated plus human errors are made.
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Because it makes a trustless application that is reliable and accurate. And it provides the possibility of real-time auditing and accurate tracability, among other benefits.
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Not only is the information immutable but it is also public, similar to the Viking stones.
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Normal databases allow entities to “cook the books” and make self-serving changes to the ledger(s). Also, by distributing this information through global nodes it is not vulnerable to any geographic or political region.
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Shareholders should insist public companies to rely upon blockchain as a means for transparency. Private companies can use blockchain to spot variances and shrink (of inventory).
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How does blockchain enable digital provenance? Blockchain in trustless and has provenanace. Tracking both transactions and the DNA of its history. Both data and transactions are built in with accountable provenanace.
Why doesn’t a normal database bring the same provenance? A centerlaized db does not use provenance because it is not trutless, can be corrupted, and may crash thus loosing data.
Why is digital provenance such a great benefit to many businesses? It is the most honest business mondel for the following reasons; It brings systems, companies, or objects together to achieve a goal that creates a transparent ecosystem with universal communications.
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- How does blockchain enable digital provenance?
—It cannot be changed, data can only be added but not removed, it is non-centralized via distributed databases. - Why doesn’t a normal database bring the same provenance?
—Normal databases are centralized (owned by a single entity). Databases can have data added/removed. Access to the database may not be public and visible to all. - Why is digital provenance such a great benefit to many businesses?
—The accounting and transaction layers are combined, eliminating the need for auditing. Businesses can participate without the need to trust one another by simply verifying on the block chain.
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- Blockchain is an unchangeable ledger that can be read and used by anyone. Therefore you do not have to trust some entity, the information is on the ledger.
- Normal databases are centralized, editable, and often censored.
- By removing the need for trust, you actually become the most trust-worthy, because honesty is forced. When you can show that your claims about product, transaction, etc. are true, your customer KNOWS the truth. Do not trust, verify.
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blockchain enables digital provenance because the digital records cannot be changed, they can only be added to on the blockchain. Because digital records are distributed among thousands of computers that validate the correctness of the ledger, history is recorded in a way that cannot be tampered with. The blockchain history is unchangeable and doesn’t rely on trust of others.
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The records in a normal database can be changed and tampered with. Therefore, a normal database is never completely secure because the origin of past records cannot be validated. They rely on trust of others for security.
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Digital provenance allows businesses to provide proof of chain-of-custody of all materials that are used in manufacturing or used within a supply chain. This feature allows processes and transactions to be auditable in real time without lengthy investigations by 3rd party auditors.
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- Information can be verified by all involved parties in a decentralised open network.
- Because a database is limited to trust.
3.Because it makes it trust less.
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- Blockchain technology is a digital ledger on which all nodes have all the transaction history. You can only add data, cannot remove data. Every transaction has to be verified by all nodes and each node has all the ledger history. Thus, you know with 100% certainty that what you see on the ledger actually happened and no one can edit the history.
- Because a normal database is centralized and thus the party that controls the database can modify the data, so trust is still needed.
- Removes the need to trust third parties, now you can verify information.
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Homework on Provenance - Questions
- How does blockchain enable digital provenance?
- By the ability of the public ledgers permanent logs and the fact that it is decentralized once the record goes there no one can change it thus retracing everything is easy thus making it transparent.
- Why doesn’t a normal database bring the same provenance?
- Since the normal databases are centralized location, the possibility of tempering or damaging the information is much higher and transparency is would be subject of will of the governing authority of the centralized location. Also in an event of an accident or breach all the data can be damaged, erased or tempered.
- Why is digital provenance such a great benefit to many businesses?
- With the possibility of real time audit there will come better efficiency, problem solving, cost reduction, transparency and safety.
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[quote=“ivan, post:1, topic:8423”]
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How does blockchain enable digital provenance?
With blockchain, there is TRACABILITY of TRANSACTIONS ( financial, supply chain, …) -
Why doesn’t a normal database bring the same provenance?
Blockchain is a DECENTRALIZED data-base technology cause of a network of computers which makes BLOCKCHAIN 100% real time auditing meaning accessible to anyone who’d like to verify informations.
A normal database is stored in one place meaning it is not accessible by anyone, where datas can be stolen, manipulated, controled and more. There is no transparency . Normal database works on the “trust” principle where blockchain is a trustless system because this is an open ledger, an open data base. -
Why is digital provenance such a great benefit to many businesses?
Digital provenance is great for TRANSPARENCY, NO opcity concerning data. In blockchain, it is a real asset for any companies to be able to verify real time auditing some information… ex: a company who would like to hire someone, with blockchain tech., you could verify if this potential employee got all diploma he/she claiming on a resume for exemple… With BC, end of the story where even airline companies hired “fake pilots” in the past because they could not verify licence… system based on a trust factor meaning no realiability . Once you add stuff , transactions etc on the BC, you can not remove them. The register doesn’t lie to you.
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How does blockchain enable digital provenance?
Blockchain allows you to upload information but you cannot eliminate anything. For that reason, once it is in the blockchain, you can verify any digital information. Also, you can access it in real-time. -
Why doesn’t a normal database bring the same provenance?
It could bring the same provenance, but for that, you would have to trust all the participants across the supply chain. A situation that is very difficult. On the other hand, blockchain tech makes info immutable. In addition to that, if you use a public blockchain you won’t need a centralized validator. -
Why is digital provenance such a great benefit to many businesses?
It could provide the business with better info, generate savings in order to validate the accuracy of the information (audit), and help to create value to their clients by letting them know important info that wasn’t available before.
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How does blockchain enable digital provenance?
Blockchain integrates the transaction layer with the accounting layer of an exchange, allowing the generation of a permanent, transparent record of events which can then be immediately verified/audited and then added to the blockchain. -
Why doesn’t a normal database bring the same provenance?
A traditional normal database is centralized. Records can be edited and deleted. -
Why is digital provenance such a great benefit to many businesses?
It’ll allow for real time auditing and verifying of transactions
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Homework on Provenance - Questions
- How does blockchain enable digital provenance?
Due to the decentralization and because every transaction is written in the Blockchain and cannot be removed. - Why doesn’t a normal database bring the same provenance?
Because an central authority has the power over the Database. - Why is digital provenance such a great benefit to many businesses?
You don’t have to trust some authority. You can verify instead of believe.
It also allows real-time tracking and auditing of all transactions.
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HOW:
Every node posesses every transaction from the ledger, formulated in the chain.
By connecting the nodes, verifying all the information in the ledger by comparing the information in the other nodes, we can be sure there is no mutability in the ledger. As every transaction is visible in the ledger we can now enable digital provenance by tracking the transactions in the ledger and we can be sure the given info is correct because the ledger is proven to be immutable.
NORMAL DATABASE:
Because the normal databases are not proven to be immutable.
GREAT BENEFITS:
- customer service, lower health insurance costs, lower health care cost for governement because of the food quality tracing,
- lower labour costs,
- higher labour quality for employers,
- trustlesness
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Blockchain enables digital provenance by using a decentralized distributed ledger that doesn’t allow to change past entries.
Therefore there is no need for trust or a third party to be trusted because it’s written in the blockchain data itself. -
A normal database can’t bring the same provenance because it is a centralized database that is under control of one or a few entities.
So you always need to trust these entities that the database shows the correct entries. -
Digital provenance is such a great benefit for many businesses because it’s trustless, there is no middleman, there is no bank that could block a transfer, there are no restrictions to whom it is allowed to do business with or which countries to trade with, there is really low fees, transactions are very fast, supply chains and ingredients can be verified as well as the products offered themself so customers know they get what they buy and also don’t need to trust the company but can rely on the blockchain data.
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- Blockchain enable digital provenance through a decentralized database- a public ledger- which cannot be manipulated after it has been imprinted. Earlier imprints can be traced and tracked, but not changed.
- A normal database does not bring the same provenance because it is open to all sorts of changes and revisions ´after the fact´ by people with the right access.
- Digital provenance is a great benefit to many business´ because it provides transparency and enables real time auditing. Trust is taken out of the equation because we can verify for ourselves.
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By keeping a public record which contains every bit of transactional data.
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Because its not open to the public.
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it alleviates the need for an audit. Information is instantly available.
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- How does blockchain enable digital provenance?
Blockchain joins transaction and accounting layers thereby enabling real time auditing (i.e. trusted). The resulting records permanently stored in an immutable public ledger stored on the blockchain. - Why doesn’t a normal database bring the same provenance?
A normal database is not immutable and requires manual auditing to verify the accuracy of the transactions recorded in it. - Why is digital provenance such a great benefit to many businesses?
It enables full end-to-end auditing in real time.
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Hello everyone!!
Answers:
- Blockchain enables provenance by only allowing transactions to only be written to the blockchain.
- Normal databases are centralized and can be over-written by at least one person
- Digital provenance can deem a company trustworthy and open as any transaction they claim can be verified
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