Homework on Provenance - Questions

1. How does blockchain enable digital provenance?
DON’T TRUST BUT VERIFY.
*Through a TRUSTLESS public ledger. Wich is immutable .
Real time transaction timing and auditing.

2. Why doesn’t a normal database bring the same provenance?
A normal database does not have transparency. Is very OPAQUE.
3. why is digital provenance such a great benefit to many businesses?
Because, businesses can run a account layer and also, transaction layer.
Been able to track everythig.

1 Like

Awesome answer!

Also, welcome to our community! Hope to see you again in the forum. Happy to help you with any questions along the way!

Felipe.

1 Like

Yes, each miner does have a complete record of the blockchain!

By the way, welcome to our community! Hope to see you again in the forum. Happy to help you with any questions along the way!

Felipe.

1 Like

Great answer!

By the way, welcome to our community! Hope to see you again in the forum. Happy to help you with any questions along the way!

Felipe.

2 Likes

Great answers!!!

By the way, welcome to our community! Happy to help you with any questions along the way!

Felipe.

2 Likes

Great answers!!!

By the way, welcome to our community! Happy to help you with any questions along the way!

Felipe.

2 Likes

Great answers!!! Keep up the good work!

By the way, welcome to our community! Happy to help you with any questions along the way!

Felipe.

2 Likes
  1. By confirming all transactions on all nodes and encrypting personal data. All transactions can be audited in real-time taking out the need for trust.

  2. A normal database is centralized and is controlled by a single entity. This is not transparent enough.

  3. Digital provenance is essential to many industries including manufacturing and finance. Digital provenance could save these industries money and time by removing the need for current auditing systems.

How does blockchain enable digital provenance?

  • Records cannot be modified or erased and is ‘open’ to see

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

  • Normal database can be modified or records erased, There MUST be TRUST

Why is digital provenance such a great benefit to many businesses?
-Don’t have too trust any particular business
-easy for customers to verify business claims
-business can prove they are for real

RLion

How does blockchain enable digital provenance?

  • Records cannot be modified or erased and is ‘open’ to see

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

  • Normal database can be modified or records erased, There MUST be TRUST

Why is digital provenance such a great benefit to many businesses?
-Don’t have too trust any particular business
-easy for customers to verify business claims
-business can prove they are for real

  1. It enables digital provenance by tracking all transactions. Making it clear what the origin is.

  2. A normal database doesn’t have to be open and can be kept private. The data can also be false because of it being owned by someone or an organisation. with the blockchain it is not possible to have false information as it is public knowledge.

3.It removes the aspect of having to trust a business as it is possible to check the facts

Tks a lot mate. I’m new to coding world, despite I already studied some JS in the past, I consider myself a newbie!! Tks for the help and the warm Welcome!! :slight_smile:

1 Like

[quote=“ivan, post:1, topic:8423”]

  • How does blockchain enable digital provenance?
    By the blockchain’s next input of data needing to be verified by a network of decentralised units rather than relying on one centralised group or individual’s account and it’s unchangeable.

  • Why doesn’t a normal database bring the same provenance?
    because it rely’s on only one units account being correct. And is also subject to change.

  • Why is digital provenance such a great benefit to many businesses?
    it eliminates the possability of data (once accepted) being changed

who marks these if i get this wrong? i wouldn’t want anyone to assume my answers to be correct if they’re not :confused:

  1. Because blockchain is a decentralized, public ledger where you only can add things and not remove. So anyone can follow all transactions and there is no possibility to manipulate.

  2. Because a normal database is centralized, private and easy to modify. Which means that there is a possibility that the people in control can take advantage.

  3. Because now people don’t have to rely on trust but can verify and track where for example their product or ingredients come from and in what state it is. So it has a great factor of transparancy.

1 Like

Hey there!! We will review all replies and let you know if there is something wrong!

Blockchain is an immutable database, secured by every participant in the network. So yes, everyone can verify the transaction, and the history behind it!

So, with this immutability, businesses don’t have to worry about data integrity, so they can save some costs. Also, auditing transactions in the business can be quite easy!

Keep up the great work!! We will meet again in further replies!

Felipe.

1 Like
  1. Blockchain’s add only data structure.
  2. A normal database is usually confirmed on centralized ledger and records can be altered.
  3. it removes trust through verification.
  • Blockchain enables digital provenance by allowing transparent, audit-able transactions and other data, because data can be added but not removed.
  • Normal databases don’t allow this because they can be edited, may not be transparent, and might be centralized, and therefore subject to control (cheating).
  • Digital provenance removes the ability to cheat, also removes the need for trust, as all data is replicated and verified by the entire network, ensuring higher quality and efficiency.

No problem. Keep up the great work. :slight_smile:

1 Like

In bitcoin we can see what happened. We can see which address sent how much to which one. But we can’t immediately know who owns which address. Bitcoin can be anonymous but it usually isn’t.

No problem. I don’t think they are wrong. But in bitcoin we hash the transactions. And we use the public and private encryption of course. Tnx for the reply, you seem very enthusiastic. Keep it up. :wink:

1 Like