Blockchain itself has a distributed ledger structure. That means the whole data is stored across several nodes. Each node replicates, saves and updates an identical local copy. That being said changes to data are protected.
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Normal databases are centralized, not transparent, can be manipulated and based on trust. That means they can be changed retroactively, which is not possible with a blockchain. With ledgers you don’t have to trust, just verify
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It can disrupt many business, because there is no trust based system anymore. You can verify anything, anytime from anywere. No unnecessary third parties needed. Businesses gets more efficient which also means that many “bullshit” jobs will disappear, which also include saving a lot of money, because staff is very capital intensive.
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How does blockchain enable digital provenance?
Through a public ledger which allows all transactions to be traced. Information can only be added and not deleted -
Why doesn’t a normal database bring the same provenance?
Normal databases are centralised and rely on trust to some degree. -
Why is digital provenance such a great benefit to many businesses?
Because there is full transparency as information can be verified
1: Blockchain is like a digital stone, therefore you can track processes backwards. In this way you can always find the origin of the subject.
2: A normal database is based on trust. A decentralized blockchain is not.
3: Digital provenance through blockchain provides businesses with an easy, efficient and reliable way of keeping track of provenance. it is transparrent and backward traceable.
- Blockchain enables digital provenance as it makes decentralized networks to be trust-less by verifying all the information put on the network.
- A normal database is unable to bring the same provenance as it is centralized and the transactions in the network can not be fully trusted or verify
- Digital provenance is such a great benefit to many business as it will bring transparency, trust in supply chain ( eg. VeChain ) and reduce cost, human error and time in finance (eg. Auditing)
Homework on Provenance - Questions
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How does blockchain enable digital provenance?
Blockchain does enable provenance because it works like a ledger with no possibility of changing or deleting any information. -
Why doesn’t a normal database bring the same provenance?
A normal database always faces the problem, that there are many opportunities to change or delete any stored information and that trust is a very important factor since those databases are owned by a centralized authority who can basically do whatever they want. -
Why is digital provenance such a great benefit to many businesses?
Because as a company you can use the blockchain to verify every step of your supply chain including the origin of a product and where it has been since. It also allows customers to check the origin of a product which erases all the needed trust you have today.
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Because it can store immutably and publicly if every step of the production / process is compliant to the rules required by the company / financial intermediary / institution. It helps to switch from processing the provence information based on trust the intermediaries to mathematical verification of the transactions in the blocks.
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Because database records could be edited by the data collector, by the server host or by a hacker. The blockchain was invented to manage data in a totally different and secure way.
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Because the final user is more keen to use / buy a liable, verified production chain.
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Information can be added to the chain, but not removed. Therefore it is impossible to mess with the data.
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A normal database is centralised, information can be removed from it.
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Because you are able to verify, you don’t have to blindly trust others.
1 the blockchain is decentralized and immutable database on which you can add and cannot remove or tamper with the data , while it can be reviewed in real time and people can see all the information or proof they were looking for .
2 normal databases are easy to be tampered with and information can be easily changed so there is no trust
3 because it provides the customers with the proof or verification of the source of the product and by doing that makes the company more transparent or trustworthy
1.all transactions once saved on the blockchain cannot be removed and can be tracked easily.
2.normal database has central authority which forces us to trust them.The data can be changed, deleted and manipulated or exposed to human factors
3.digital provenance gives businesses and customer easy access to product authenticity confirmation including supply chain, product composition and much more which allows you to do business in a more efficient way
1: Blockchain works as a datbase that cannot be modified. This allows provenance as any product track record is recorded and stored without the possibility of any erase.
2:A normal database can be modified and past entries deleted
3: Because it can track, in real time transactions or keep records of past events without the need of any auditing. The sistem is simple and reliable.
Homework on Provenance - Questions
- How does blockchain enable digital provenance?
- Then there will be written database on any type of objects or human performance. With this digital provenance blockchain will achieve greater real time proof database to confirm anything.
- Why doesn’t a normal database bring the same provenance?
- Because of the normal database has the hidden trust of conflicts from individuals.
- Why is digital provenance such a great benefit to many businesses?
- Businesses are trying to achieve their true results with honesty and correct database that they needed to prove their costumer or clients. With this digital provenance they can achieve collaborative verified knowledges.
- The blockchain enables provenance because everything stored on distributed ledgers can be verified in a trustless manner. Data can be added but not removed, Nor can be changed or altered.
- Normal databases are centralized and data is more likely to be false or manipulated because it has a central authority that controls it.
- It provides the possibility of real time auditing and tracability in a Trustless manner. Allowing many businesses to cut costs
- How does blockchain enable digital provenance?
By making transactions immutable. Once a transaction is stored on the blockchain, it will stay there. It’s also important that transactions are connected in series of more than one transaction, which make transactions traceable. - Why doesn’t a normal database bring the same provenance?
Because in a normal database you can change or erase data. With a normal database, users have to trust the owner of the database. - Why is digital provenance such a great benefit to many businesses?
It provides for more efficient auditing, and makes transactions traceable. It also helps to trace goods in a supply-chain, for example.
How does blockchain enable digital provenance?
It is a public database that can be verified by anyone to track transactions.
Why doesn’t a normal database bring the same provenance?
Unlike Blockchain, it is not ‘trustless’ and has to be audited by someone or a company
Why is digital provenance such a great benefit to many businesses?
It can make them more reliable in the eyes of consumers/customers who no longer need to trust them, but just verify their claims or transactions.
- Blockchain enables digital provenance as you can only add data to the blockchain not take it away.
- Normal databases do not have the same security and data can easily be manipulated.
- Because it provides automatic auditing and transparency.
1 - It is de-centralized and 100% open to the public. No erasing anything. Knowing everything is there and there is no central control, you are at ease that you are not being lied to since the proof is there for yourself.
2 - they don’t have real-time data and they are not trustworthy. It is a centralized authority which can control and manipulate it at any time without anyone finding out.
3 - Real-time data. Everything is in one place. Less steps involved. Verified data right in front of their eyes.
- The decentralized nature of blockchain creates the authenticity of digital provenance. blockchain acts as a ‘stone slate’ ledger, where things can only be added. This act of not being able to edit of change the data provides a permanent source for data, to be audited for instance.
- Normal databases are centralized meaning that data can be manually changed or deleted without proper proof of changes. This then creates an area of mistrust between different entities and proves that the same provenance is not there.
- Businesses do not have to keep everything to provide proof behind different transactions, because it is traced in a network that only records data. It also creates a level of transparency for customers to view the authenticity of their products or services.
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How does blockchain enable digital provenance? We are able to track and audit transactions in real time which improves transparency which removes trust and increases efficiency and integrity.
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Why doesn’t a normal database bring the same provenance? A normal database is typically centralized and can be altered by anyone with access to the network.
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Why is digital provenance such a great benefit to many businesses? Digital provenance integrates the account and transaction layer, and again, removes trust allowing for greater efficiency. VERIFY.
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Blockchain enables digital Provenance because it traces and tracks all information in the database. It provides real time Auditing that is a game changer in providing trust to the data.
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A normal database does not provide the same provenance because it does not track everything and does not provide real time auditing.
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I believe that digital provenance is a great benefit to many businesses because it provides the trust that is needed to enable true success for the company and provide a better product for its customers. It does this by joining the Accounting Layer and the Transaction layer of the transaction which prevents any mishandling of the data.
1: Because it makes every trancations tracable and open for everyone to verify the truth of the data.
2: Because it’s centralized, and therefor make a central authority able to change the data inside, without having any consensus with the users of this.
3: Because it’s a trustless system, where A and B don’t need to trust each other personally. But can use the blockchain to verify the origin of the product / service.