- It remove the trust aspect of a transaction.
- Because it can be altered.
- Because it removes the error or corrupt factor of humans in all transactions
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- Each transaction can be written to the blockchain and it becomes immutable.
- DB entries can be changed, added, or deleted. A db is more centralized and more prone to crashes or destruction.
- Transparency and completeness lends itself to trust. This can be great for internal communications and morale and great for marketing to consumers
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- How does blockchain enable digital provenance?
Block chain is like a digital stone, where information can be added but not altered. Therefore it enabled provenance by tracking information, rather than trusting so it cant be altered. - Why doesn’t a normal database bring the same provenance?
A normal database can be altered through the supply chain, but provenance track the information and blockchain does’y allow information to be removed, only add. - Why is digital provenance such a great benefit to many businesses?
It removes the sense of " trust " to becomes "trustless"in a businesses supplier, and it combines accounting and transaction to reduce auditing expensvies.
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1. How does blockchain enable digital provenance?
Through the process of ‘Don’t trust/Verify’ There is no need to trust only verify transactions on the blockchain.
2. Why doesn’t a normal database bring the same provenance?
A normal database can be edited. This gives the possibility of information being deleted or changed. This requires a high level of trust to be present.
3. Why is digital provenance such a great benefit to many businesses?
Businesses will not have to worry about information being deleted or edited. They will only have to verify information, not trust.
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[1] Blockchain enables digital provenance by it being able to store historical information which thereafter cannot be deleted or altered. This is achieved by the checks and balances that are in the system; it is not in the control of one entity, and the information is physically distributed. E.g. Bitcoin’s blockchain is replicated and distributed all over the world near 10,000 times.
[2] Normal databases are usually controlled by one entity (The Boss can make updates), not distributed and keeping track of changes is not intrinsic. Hence true provenance here cannot be guaranteed.
[3] Digital provenance is a great benefit to many businesses because it can allow them to totally verify data that is both internal and external. Hence solid decisions can be made since the information is true.
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How does blockchain enable digital provenance?
Blockchain enables digital provenance via a public ledger of verified transactions. The ledger is contained among a network of machines/nodes that all contain exact copies and cannot be altered via central intervention. -
Why doesn’t a normal database bring the same provenance?
A normal database exists on a central server or machine, therefore making it susceptible to the control of the entity owning that database. It is based on the trust that the input from the entity entering the data is correct, and is not fully transparent. Blockchain has no single location, no single point of control where it can be altered or tampered. -
Why is digital provenance such a great benefit to many businesses?
Digital provenance allows businesses the ability to verify a transaction or data is true, without having to trust that information has been altered somewhere along the chain. It allows full transparency from all parties.
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Blockchain enables digital provenance by creating a public ledger that makes all steps of a supply chain completely transparent. For example, a consumer packaged good or piece of clothing can have all of the materials within tracked through each stage of the supply chain. Instead of trusting that specific materials or ingredients are present, they can be 100% varified on the blockchain.
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A normal database does not bring the same provenance because things can be removed as well as added to it. On the blockchain, things can not be removed.
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Digital provenance is a great benefit to businesses because the inherent transparency builds trust with customers, who in turn become more engaged with the brand.
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- It uses a trustless public ledger. Every information is stored for the public to see, but cannot be tampered with. Thanks to a network of computer, every step in the supply chain is recorded and verified in a decentralised manner
- A normal database usually relies on a central authority. That database can thus be corrupted if the central authority tampers with it (through administrator privileges for example, if they want to hide some sensitive information). If the central database has a technical problem, data can be lost as well.
- It can benefit businesses because the customers (and members of the supply chain) can rely on the traceability of their product, and thus can be reassured as to what they are buying. They do not need to trust a potentially biased central authority, because they can access information on their product based on math thanks to the way blockchain works.
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How does blockchain enable digital provenance?
By adding a transparent feature to trace financial transaction in real-time. For example: Blockchain puts accounting layer with transactional layer, to have all information available in one block. -
Why doesn’t a normal database bring the same provenance?
Because we can add, remove, update and delete in a normal database but in Ledger/Public blockchain we can only add and can’t remove or perform any other operation. -
Why is digital provenance such a great benefit to many businesses?
Permissionless, trustless are some of the powerful characteristics of digital provenance which can benefit many businesses.
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[quote=“ivan, post:1, topic:8423”]
- How does blockchain enable digital provenance?
*through total tracking and complete transparency of each step, and any data can only be added but not deleted * - Why doesn’t a normal database bring the same provenance?
Normal databases can be manipulated or deleted, or data gets conveniently lost and so it cannot be totally secure, safe or be trusted at all. Manipulation leads to fraud and distrust. - Why is digital provenance such a great benefit to many businesses? Make it trustfulness. Meaning a company becomes totally transparent in all its transactions, that be either development, distribution, accounting, marketing, sales etc. The whole enterprises flow of a company becomes fully transparent to an outsider. For example product development can show a complete picture how a product was developed from its first idea all the way ending up in the shop. This gives the client a huge inside of what they are purchasing. A society that has an inside to all activities of any organisation, product, government, financial institutions and so on, will become a society that empowers the individual and makes life in general safe.
[Do not trust - verify!]
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- It enables the ability to track the provenance of the data. Public ledger allows anyone to see the transactions and data can only be added, not removed. It’s trustless.
- A normal database has a central authority and data can be erased.
- It creates this trustless chain without middlemen. It’s also more efficient and cheaper.
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By logging certain Information (for example Ingredients) on the Blockchain and thus making it traceable and unchangeable.
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Because normal Databases are centralised (controlled by one party) and can easily be manipulated.
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Because they don’t have to trust other companies anymore, to see if they work correctly (use the ingredients they are supposed to, they don’t get their stuff from shady third success aso). Dont trust, verify.
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1- It enables digital provenance with a use of a decentralized public ledger in which information can only be added and no one can change it or control it.
2- Normal databases are controlled by the entities that own the database and thus can control the information accessible to the public.
3- it is a great benefit as it promotes transparency, enhances trust and gives anyone the ability to audit and verify the claims of the people they are in business with.
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1 - A blockchain enables provenance by providing an immutable database which can be used to verify the state of any commodity at any point in its production or delivery.
2 - Databases can be edited retrospectively by individual parties. A blockchain can not be edited, only added to and additions must be verified by independent nodes.
3 - Industries which claim to be providing superior quality products or production processes can prove this through the use of blockchain technology.
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- Blockchain enables digital provenance by only adding and never removing data/transactions, and being accessible to different computers around the world so that it tracks all data, each node verifies it and accepts (or ignores) it. You can’t duplicate or falsify information because it won’t be verified on the network.
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- A normal database can be manipulated and data can be changed. It’s also not verified by multiple decentralized computers that are not controlled by any one body
- It’s a great benefit because it doesn’t require their info to be verified or for customers to take a leap of faith and never know for sure if what they’re claiming is true. So they get the truth about the company’s products and can thus trust what they’re being told.
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- Blockchain tracks all transactions in real-time.
- Normal databases are centralized and can be tempered with.
- It is trustless and transparent.
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- decentralized, its public, verifyable -> hard to cheat
- centralized -> entity can cheat
- tracing down supply chains with trustless system
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By tracking transactions in real time !
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Because it is based mostly on trust !
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Because it is more efficient !
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Blockchain enables digital provenance because it´s a completely decentralized database. The way blockchain works is like a ledger where the information can be stored, but not changed or manipulated regardless of ones authority.
Being able to have decentralized databases can and will most likely have a great impact on the supply chain we know today, the money industry aka. banks, as well as crypto currencies. -
The main reason a normal database doesn´t bring the same provenance is because in most cases a traditional database is centralized, meaning the information on it can be changed or removed. Therefor the information can never be trusted as much a database through blockchain that is decentralized. Through use of blockchain the trust factor can be removed by allowing information not to be edited or removed.
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Businesses can take great advantage of provenance information to take full control and gain full overview/perspective over their supply chain(s). So depending on the business or company, they end up giving the customer a more reliable and honest experience. Which could lead to reviews, better reputation around their product and production. Among other benefits, but overall gives both parties more of a transparent experience.
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Data transactions can´t be manipulated or removed afterwards, because it is public and transparency.
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A normal database can be manipulated or removed afterwards and it isn´t public.
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The companies has the opportunity to operate transparency.
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