- Blockchain enables provenance because records cannot be removed, which makes it harder to falsify something. It also enables users to be able to go back and trace the entirety of a transaction
- You can go back and edit a normal database. This means there’s no way of knowing if something really happened or if there’s steps that weren’t reported.
- It makes business accountable. If a business is known to be accountable, more people will invest in/buy from it
1.By being transparent, traceable or trackable, with the inability to remove or delete data.
2.Normal database is centralized and there for can be manipulated , limited control over transactions, decision making, easily influenced by several outside factors.
3.Accountability, without the need to be approved or regulated by a central entity or dependency on a person or service as all transactions can easily be verified in real time.
More aware of the flow process of transactions
- Because it’s decentralized and everyone can see all transactions in the past, therefore you don’t have to trust anyone. No banks, no government.
- Because there is someone managing it, who can manipulate it or do whatever he want.
- It can get you real time auditing, which will help you get thing done faster and better.
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How does blockchain enable digital provenance?
A system for materials and products to be traceable and transparent using blockchain . It is for securely storing information - inherently auditable, unchangeable and open. -
Why doesn’t a normal database bring the same provenance?
Centralized systems can’t power transparency, products remain largely rudimentary and difficult to verify. Fragmentation of these efforts make them open to fraud. -
Why is digital provenance such a great benefit to many businesses?
Enables businesses to easily collate their data, along with open data, and also verify key information (e.g. is this product organic?) on an immutable data ledger called holds the most important information and allows anyone to check its validity
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blockchain specifically implemented for particular industry or usecase enables digital provenance to all involved parties by trustlessly (“publicly”) storing information about the goods/services/financials of all subjects involved in the sale/supply.
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records in the normal database can be altered in the future. Normal database is dependant on specific owner/manager who the other entities need to trust.
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many companies sensitive to certain quality, ethical or environmental aspects can verify their suppliers that they don´t use any controversial materials or processes without having to rely on trust to those.
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Blockchain is a transparent public ledger, allowing digital provinence via tracking all transactions in real time. Since data can only be added and not removed, (immutability) all previous records can be viewed and sources of each asset / product can be found or verified.
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Normal databases do not bring the same provenance or transparency - they can be altered and erased, hiding the true origin / authenticity of assets.
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Digital provenance is a great benefit to businesses as it provides as indisputable internal audit trail, as well as a protocol for data across disparate semi-trusting organizations. No need to hesitantly trust other parties as there is verification!
How does blockchain enable digital provenance? Given the nature and structure of blockchain, it reflects at all time a record of all that was done without missing a beat and that history can never be modified in any way. So blockchain becomes the best source of evidence one can dream of in the environment that it is implemented.
Why doesn’t a normal database bring the same provenance? As opposed to the blockchain, that is a database where not a single record or piece of it can be erased, a normal database could offer a back door to its administrator who would become the authority or central commander whom shall grant access to the interested party. Blockchain is decentralized.
Why is digital provenance such a great benefit to many businesses? Blockchain represents a tool with the potential to businesses, either small or big, to make sure they effectively receive what their providers (contractors, subcontractors, suppliers) promised to them and also for them to demonstrate to customers they provide goods and services complying with stated requisites.
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Blockchain enables digital provenance by creating a transparent ledger, or database, containing a digital footprint of records/data that once verified, cannot be tampered with.
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A normal database doesn’t bring the same provenance due to the possibility that it could contain information that perhaps hasn’t been verified, and may not be fully accurate. Also, information contained in a normal database runs the risk of being modified, therefore creating uncertainty as to whether or not the information presented can be trusted.
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Digital provenance is a great benefit to many businesses as it provides a guarantee of accuracy and transparency, as well as peace of mind knowing that the ingredients or products that they’re acquiring are exactly what they claim to be, versus taking someone else’s word for it and trusting that what they’re being told is true.
1.) Immutability in transaction history that can only be added to by the supply chain.
2.) Subject to human error, crashes and hacking. Data can easily be changed/moved/erased and is unsecured.
3.) Audits are performed in real time during the transaction with accurate and traceable data that is open to the public. Less reliance on trust in other companies. Businesses are able to prove transaction history accurately.
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Blockchain enables digital provenance due to the fact that once a piece of information is put on the blockchain it’s then stored on a permanent ledger so no third party can change or manipulate the data.
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Normal databases are different in the fact that they are centralized and people simply have to trust that those in charge of this data are honest and won’t manipulate the information stored. This can cause problems in business, finance, supply chains ect… due to greed and incompetance while blockchains have information permanently stored like a Rune stone dis-empowering bad actors.
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Digital provenance has great potential for businesses because it creates real time audits as opposed to manual ones decreasing costs, also it can allow materials in supply chains to be tracked from point of origin to current location as well as what ingredients are in a product, how the product was manufactured ect… I can see this having a tremendous impact on industries that require transparency.
- by auditing, tracking and tracing all transactions in real time.
- because it can manipulated.
- to provide trustness for all parties involved.
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Blockchain enables digital provenance by being open source itself and also at the same time taking care of the insolvency issue we have with today’s bookkeeping.
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A normal database doesn’t bring the same provenance because it’s not open source, there is no real ledger. It’s all based on trust. Thus we must verify and that can be costly when blockchain can change it all and know that all transactions are being validated in real time.
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It’s beneficial because we know the real origins of such things and know we can trust it
Blockchain works like a big stone where everyone carves his information (transactions) in. They will there to see for everyone forever and cheating is not possible. This is especially useful for accounting and supplychain management. A normal database is centralized and the entity controlling this database can make changes and undermine the continued flow of information. So trust and traceability is lost. Digital provenance can make business more easy because on the regulatory side (audits) and on the client side (provenance) the company can prove that everything runs according to certain requirements.
Answer 1:
Anyone can add or verify anything on the public ledger. Once data is registered on the block-chain it cannot be erased.
Answer 2:
A “normal” database is mutable.
Answer 3:
Each process is easy verifiable.
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Blockchain keeps track of every transaction from it’s origin which means you can’t create a new token or asset without the rest of the nodes verifying it’s validity.
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In a database you are able to input data that isn’t verified by other parties, unless it’s an audit of course but that brings other software and physical validations. Why do all that when blockchain can audit itself in real time.
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Self auditing, real time, great for both Intra & inter-business actions
How does blockchain enable digital provenance?
it is available on blockchain 24/7/365
Why doesn’t a normal database bring the same provenance?
data on normal database can be corrupted, removed, replaced. it is not possible on blockchain.
Why is digital provenance such a great benefit to many businesses?
financial transactions can be audited/tracked in real time. dont need third party companies to make audit hich will cost a lot. it saves time and money.
- How does blockchain enable digital provenance?
By being trustless so nothing can be removed once it is stored in the database. - Why doesn’t a normal database bring the same provenance?
Because a normal database is all about trust. - Why is digital provenance such a great benefit to many businesses?
Because they don’t need they don’t need to trust anyone.
- Blockchain enables provenance by distributing to everyone, anywhere the database (decentralized). No need to trust anybody, middle-man etc.
- No central community that controls the information to use it for their own good. Nothing is controlled by anybody therefore you don’t need to trust or depend on someone telling the truth to you.
- Because auditing is going to be so much easier and stressless. Check the blockchain to see all transactions and you cannot counterfeit bitcoin, and you cannot delete anything from the blockchain - only add.
- Blockchain is an immutable decentralized databas, it is a trustless ledger where all entries are stored in the database, replicated across multiple nodes, it can not be manipulated once it is accepted. Therefore
the digital provenance is a transparent public entity where all entries are trace and trackable.
2.A centralized database can most often be manipuladed by controlling parties.
3.Digital provenance within the supplychain will grant the consumers fundimental advantages compared to a centrized ledger- security, transparency, efficincy etc
- How does blockchain enable digital provenance?
The blockchain acts as the distributed, tamper-proof ledger thats immutable, secure and reliable. This enables digital provenance since the information stored is tamper-proof and verifiable by the entire network ensuring Trustlessness.
- Why doesn’t a normal database bring the same provenance?
A normal database cannot bring the same provenance because we have to trust a centralized party to store correct data and were also unable to verify if the stored data has been altered, changed or manipulated.
- Why is digital provenance such a great benefit to many businesses?
Digital provenance provides such a great benefit to businesses because their now able to verify data to be correct and secure rather than trusting a centralized third-party to store data in a correct and tamper-proof way.
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