Homework on Provenance - Questions

-1 As all transactions are stored on the blockchain ledger and can be traced and accessed from anywhere

2- Local database can be changed/modified while you can not do this on blockchain

3- It remove the depending on the trust of your supplier and let you have a trust less and verified relations

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  1. The blockchain which is a data system or ledger digitally stores the transparent tracking or tracing of products or materials information from point a to b. The information is open, auditable & unchangeable.
  2. A normal database can be changed & altered.
  3. It saves costs by not needing manual auditors & it allows companies to track, audit & verify their products & materials information in real time from point a to b.
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1.Blockchain enables digital provenance because we can track in real time auditing , putting the accounting and the transaction layers together in one transaction on blockchain.

2.Normal database are centralize and can manipulate the data , it bad when you have to trust a someone else for a truth “ verify “

3.Allow user to verify not trust Blockchain is open ledger peer to peer transaction network of nodes ,were transaction are immutable

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My homework:

  1. Blockchain is an immutable ledger that cannot be altered after the fact.

  2. Normal databases can be altered. Therefore a normal database can’t be trusted because there is no transparency.

  3. Businesses can verify the source of their products. Their customers can feel confident that the company is truly selling what they say they are selling.

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  1. Enables digital provenance by only allowing verification of a transaction, due to the fact that the transaction can only be added, and not removed. Every transaction can be traced back on the block chain.

  2. A normal database could easily be changed and the central point can be compromised.

  3. It’s such a great benefit to businesses because of the ability to audit. Ingredients, clothes and many other items could be accurately verified from source to completion removing the need for trust.

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How does blockchain enable digital provenance ?
Blockchain is basically a public database that does not allow removal of information and allows anyone to examine all transaction therefore allows one to trace the origin of the data

Why doesn’t a normal database bring the same provenance?
A normal database allows data to be removed or overwritten, so there is no way to verify the integrity of the information

Why is digital provenance such a great benefit to many businesses?
It is a great benefit to many businesses because they do not need to trust where there supplies came from for example, they can easily verify the information about the quality and ethical standards of a supplier say with the blockchain information

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  1. Data written to a blockchain database cannot be edited. All changes are transparent can can be easily verified.
  2. In traditional database entries can be edited or deleted.
  3. It removes the question of trust
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[quote=“ivan, post:1, topic:8423, full:true”]
Homework on Provenance - Questions

  1. How does blockchain enable digital provenance?
    It allows to have a network of digital stones where all the data is stored and is immutable and can be verified at any time by anyone.

  2. Why doesn’t a normal database bring the same provenance?
    Normal database needs trust and can be corrupted

  3. Why is digital provenance such a great benefit to many businesses?
    It allows to track all the information on the blockchain that is automatically verified and audited real time, growing up efficiency and quality and removing the need of trust.

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How does blockchain enable digital provenance?
Because you can’t remove but only add, you are able to track what is happening with the transaction and it being public it’s easy to verify.

Why doesn’t a normal database bring the same provenance?
It runs off of centralized computer and is not intertwined with other components of the transaction thus limiting the entire thing. It relies on trust of the third party without always being able to verify.

Why is digital provenance such a great benefit to many businesses?
It streamlines the business, provides greater tracking and eliminates inefficiencies of middlemen who don’t really add to the process but are costly (in terms of money, time, effort, energy)

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Homework on Provenance - Questions

  1. How does blockchain enable digital provenance?
    In simplest terms, blockchain enables digital provenance, or the history of ownership of a valued objects, by implementing a public distributed ledger across a multitude of devices that synchronously, are hopefully, for the sake of immutability, independently owned by an array of different entities. I know answer alludes to an implication that challenges the veracity of true provenance but I’m really new to learning about blockchain but that is my basic understanding at this point of block chain enabling provenance.

  2. Why doesn’t a normal database bring the same provenance?
    A non-blockchain database is maintained by a centralized controlling authority, whether that be the actual owners of the devices that store any such data or an entity that has somehow assumed control of the devices that store any such data, which subjects a non-blockchain centralized database to manipulation by whomever has control at any given particular time. Essentially one entity could change data on a non-blockchain database, of which no one else may ever become aware while a blockchain database requires a numerous array of various entities to simultaneously agree that any entry is indeed a valid and accurate entry into a blockchain database or that blockchain’s ledger.

  3. Why is digital provenance such a great benefit to many businesses?
    [/quote] Off the top of my head, a business can prove their ownership of any particular asset, verify the owner of another entity’s asset and the ability to very efficiently audit themselves or another entity. With more time I could probably add more benefits to this answer but I’m already ready to take the next course in this section! :slight_smile:

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1 )How does blockchain enable digital provenance?
Blockchain helps digital provenance by keeping permanent records and improving transparency. Also since the blockchain is decentralised no one single company has control over the data, and no one can change the information or database, in other words it is immutable.
2. Why doesn’t a normal database bring the same provenance?
Since most normal databases are owned by an entity (centralised), the company can change the data, delete past records and there is little transparency if none which makes it hard for the consumers to trust the data.
3. Why is digital provenance such a great benefit to many businesses?
It is beneficial as it encourages verifiable trust by allowing others independent or direct access to full ledger or data starting from the origin to shelf. It also reduces traceability time from days to seconds.

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  1. It takes, trust out of the picture. Everything will be verified.

  2. A normal database can be altered, more specifically, transaction can be removed or added without verification.

  3. Most industries can benefit from digital provenance by removing any doubt about things. It wont be a matter of believing something or not, everything will be verified truth.

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Blockchain is not controlled by any one person, it is digitally verified therefor getting rid of the need to trust anyone or any business, in that case trust ends up being fact. Don’t trust, verify.

**How does blockchain enable digital provenance?**

Blockchain provides an immutable public database where data cannot be removed but can only be added.

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

A normal database is centralised and does not have the verification of all other computers in the network to check that t he database has not be altered.

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

Digital provenance introduces trustlessness to the blockchain by providing a secure and known origin for data in the database. It means that all the data on the database has been verified and is all correct without the need to be checked by another human being. This removes the human element of trust from the interactions.

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Answer:
1- Blockchain allows for data input, once that data has been added it cannot be changed or removed. In its public form the Blockchain can be audited by anyone and the data/transactions verified.

2- A normal database cannot be the verified by the public, it can be tampered with and falsified.

3- Traceability of goods, food, finances are examples of uses that will bring amazing benefits to businesses who embrace it.

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  1. Blockchain enables digital provenance, because it stores information about a transaction in a decentralised way so that anyone can access that information regardless of their location. Once information is on the blockchain it cannot be removed and in this way is analogous to a digital stone tablet. Information is verified by each computer which contains the ledger.

  2. A normal database doesn’t bring the same provenance because it is centralised and can be manipulated by a rogue agent. Vital information can be erased or changed and so it heavily reliant on trust of individuals and corporations.
    Also a normal database is fixed in space and time whereas blockchain is connected by numerous databases and so can be accessed anywhere.

  3. Digital provenance is a benefit for many businesses, because it provides transparency and enables businesses to become more efficient when sharing information. Blockchain can store valuable information about a product so consumers as well as links in the supply chain know the product’s journey and can be sure the information has not been tampered with.

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How does blockchain enable digital provenance?
By enabling transactions to carry their auditing credential.

Why doesn’t a normal database bring the same provenance?
Transactions on normal databases rely on trust as they occur, and require an external audit to assess their integrity several months after they occur. The transaction and its integrity are reconciled during the external audit, which provides a lower degree of confidence than can be provided through the use of blockchain technology.

Why is digital provenance such a great benefit to many businesses?
It provides businesses with a way of knowing what they’re getting as inputs in a verifiable and affordable manner without relying on trust.

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Homework on Provenance - Questions

  1. How does blockchain enable digital provenance?
    Makes it trustless
  2. Why doesn’t a normal database bring the same provenance?
    Transactions can be removed or lost.
  3. Why is digital provenance such a great benefit to many businesses?
    real time auditing
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How does blockchain enable digital provenance?
Answer: Through a decentralized database of transactions that is audit-able and verifiable .

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

Answer: Normal databases allow update and delete statements/transactions. Bitcoin does not Add Only.

Why is digital provenance such a great benefit to many business?
Answer: Reduces audit expenses.

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  1. Blockchain is a unique method that isn’t controlled by anyone and build the way you can’t fake transactions.

  2. normal database usually requires physical presence and TRUST.

  3. digital provenance allows the business to see the truth about its partners have a much a much smaller number of office workers etc…

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