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Blockchain allows a public open ledger to track each and every transaction and cannot be changed or removed. It also allows for real time auditing through verification.
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A normal database can be tampered with by administrators. information can be added and removed. Also if the database is lost on a single node, getting the information back with be challenging to impossible in most cases. Being that a normal database is normally private, tracing transactions become tedious and is complex in understanding.
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Digital provenance is good for business to allow customers to verify information without having to trust the business. Information on the business and their transactions can be easily verified to make the free and correct choice.
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- The open ledger is immutable. It is also free from external regulation.
- A database can be edited to have data removed; a public ledger can have a new copy of data but the original still exists.
- Some applications include auditing and supply chain tracking.
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Blockchain is decentralized platform, where all transactions are trackable and cannot be changed.
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Normal database is centralized, which means it’s controlled by one vulnerable entity.
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Digital provenance is good for companies, because it gives visibility and security to their services.
- Through a decentralized public ledger which cannot be changed or meddled with by any authority.
- Because there’s inherent trust involved in transactions and the quality provided - such as true origin of ingredients, labor or place. In addition, a central authority can change the structure and cook the books.
- It can make their accounting more effective without any special need for a third party which makes it trustless and easily verifiable.
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How does blockchain enable digital provenance?
-> Blockchain ist able to audit or proof in real time the origin of numbers. These numbers can belong to different things like ingredients or fabrics or votes making it 100% verified without trusting anybody. -
Why doesn’t a normal database bring the same provenance?
-> it can be influenced because it is not decentralized. It would not be trustless 100% -
Why is digital provenance such a great benefit to many businesses?
-> Its much cheaper, can be trusted and saves lots of time.
- Every transaction is written on the blockchain (Digital Stone!) and cannot be removed. Blockchain is an open ledger where anyone can check anything and every transaction can be traced back.
- A normal database can be changed, data can be removed or erased. Access to any database can be limited and adhoc auditing cannot be done without permission of database owner. It is not public like Blockchain.
- Because it provides the possibility of real-time auditing and removes the reliance on Trust between two entities. The transactions or data can be tracked and verified.
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I’m not really sure how it works. You use the example of food ingredients but how you you get the verification of ingredients on a blockchain? Food is not digital.
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A normal database is mutable so can’t be trusted.
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Because it establishes trust between the business and the customer and this is always desirable.
Homework on Provenance - Questions
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How does blockchain enable digital provenance?
- Real Time Auditing Transactions
- Real Time tracking for supply chains - and removing trust - to trust-less transactions - you can verify. Don’t Trust Verify!
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Why doesn’t a normal database bring the same provenance?
With a normal Database it can be changed and needs to be physically audit to gain a trust.
- Why is digital provenance such a great benefit too many businesses?
It takes out the friction of a transaction and allows it to be trust-less so anyone can transact on the blockchain.
- It is stamped in digital stone.
- A normal database can be deleted or copied.
- It can be traced back to time and date of transaction.
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Since every input on the blockchain stays there and you cannot remove the information and the blockchain/ledger extends with every new input, you can track all the inputs and thereby have provenance for example a supply chain where every input on the blockchain marks a step in the making of a product.
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In a normal database you can remove the inputs and it isn’t decentralized on a network of computers, therefore you’d have to trust whoever controls the database that the information in it hasn’t been tampered with.
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Because it can be easily verified, you can peek into the supply chain info on the blockchain from anywhere in the world where there’s Internet. Business need to make sure that everything in the supply chain is working as it should or the product might become faulty. A blockchain where you can’t change the submitted supply chain info enables provenance where you can rely on that what’s been submitted hasn’t been changed.
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How does blockchain enable digital provenance?
By using a public, distribuited, decentralized and not manipulable database. -
Why doesn’t a normal database bring the same provenance?
A normal database, in reverse being private not decentralized and easy manipulable cannot be efficient in the same way as, cause of the above reasons, it’s based mostly on trust. -
Why is digital provenance such a great benefit to many businesses?
Cause could allow them to to have an efficient and verifiable tracking system for their products/services , every system based almost entirely on trust cannot be efficient , this is the why the blockchain is and will be that important for our future.
1- Because through the Blockchain you cannot remove a transaction once it is added. It is an open ledger where every transaction can be traced back.
2- Same as 1-. In a normal database you can remove data, with blockchain you can only add.
3- “Do Not Trust, VERIFY” Blockchain allows business to track in real time many aspects of their operations. Supply Chain, audits, accounting, etc.
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By providing a network of nodes that verify each transaction independently and that is not controlled by a single entity
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Because the data is not verified by other nodes and data can be edited by a single person with access to this stand alone node/database
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Because you do not have to trust other parties in decision making that can harm your business
- How does blockchain enable digital provenance?
because blockchain is like a digital stone. like a ledger that is decentralized and can be traced & tracked in real-time. - Why doesn’t a normal database bring the same provenance?
because it can be hacked and it just existing because of trust and fate into the institution and is mostly not transparent as well. - Why is digital provenance such a great benefit to many businesses?
because it is a 100% record of proof and offers transparency to the businesses. needed trust and dependence from the customers to the companies will be elimiated.
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Only allowing data to be added and not taken away.
Time stamping transactions. Governed by multiple computers/nodes.
Trust less process through math and cryptography in real time. -
Third party human error. Not in real time. Can be tampered with. centralised database.
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Eliminates potential human error. Speeds up process, saves time and money.
Impossible to destroy.
- Blockchain removes trust by having a public ledger of all transactions in a decentralised network so everyone can verify
- A normal database is centralised with less transparency therefore could be manipulated
- Businesses can now be assured that the supply chain has been verified by the public and there are no cheating or manipulation involved.
1. How does blockchain enable digital provenance?
Blockchain allows to track the provenance of a transaction. Every transaction is written on the blockchain and cannot be removed (immutability). Blockchain is an open ledger where every transaction can be traced back.
2. Why doesn’t a normal database bring the same provenance? A normal database is not as secure because it is stored in a central location rather than being distributed among thousands of nodes. As a result, information can be tampered or altered more easily. Not having a distributed network supporting the public ledger would also disable automatic real-time audits as there would be no available copies held by a large enough network to test the validity of inputs.
3. Why is digital provenance such a great benefit to many businesses? The ability to not have to rely on traditional ‘Trusting’ relationships can allow businesses to use the network to verify business claims of other companies etc, therefor allowing accurate traceability in real time.
- How does blockchain enable digital provenance?
All transactions can be trace and track and can not be changed or removed (add only).
- Why doesn’t a normal database bring the same provenanance.
A normal database is NOT decentralized (data can be changed, removed, manipulated) and you need to trust this database. In blockchain aka public ledger you don’t have to trust you can easily verify. “Don’t trust - verify!”
- Why is digital provenance such a great benefit to many businesses?
It’s combination of the previous answers - many businesses are able to track and verify the provenance of their transaction or products in blockchain. No way to cheat or duplicate.
- How does blockchain enable digital provenance?
By being a trustless public ledger. This means that everyone can see and verify a transaction on the blockchain.
- Why doesn’t a normal database bring the same provenance?
Because a normal database is not trustless. You can’t verify it on your own, so it involves trust.
- Why is digital provenance such a great benefit to many businesses?
Because with digital provenance they don’t have to rely on people trusting them anymore, they can let people verify the transactions by themselves.
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Blockchain is a living proof of provenance.
Each node of the chain is a link to the previous history of the status of the previous chain.
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Normal databases are usually not public.
Any normal database can be corrupted and subject to modification that do not necessarily reflects the reality. WE HAVE TO TRUST.
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Businesses that find their spot within a blockchain do not need to trust on their suppliers since the blockchain can be used to track the history on each supplies and keep a real time audit which make all the productive chain more reliable. Everyone involved on that would be benefited.