Also, this lets parties to interact with each other without trust. No need to spend time verifying transactions or worrying about transactions reversed.
Good, but how does this system enables digital provenance? (think about blockchain’s core features)
The ability of realtime financial/audit transaction tracking.
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which i think means more transactions online less transactions on paper.
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Blockchain houses immutable data. Makes it more dependable.
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- Blockchain data cannot be edited, removed or erased and it is a public ledger that can be accessed in real time making it more transparent. You can track transaction anytime anywhere you want it without having to gain permission for documents.
- Once you have made a transaction you can never, ever undo or erased what you’ve made making it different from a normal database. In addition, you wouldnt need to ask for permission in viewing it.
- You can access it real time, anywhere you are. You can even verify transactions that you are having suspicions on. And if you are not fully trusting someone you have transacted with, you can always check without hassle.
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I don’t really know, Mauro. I guess, 'cause Ivan said so. 
Jokes aside, through using blockchain technology businesses cut out the middle man, therefore saving time on, for instance, confirmation of a certain transaction, ingredient origin, etc. Also by cutting out the middle man the company saves money, therefore adding value to the business. Am I on a right track here? Please feel free to add or link me to some literature to help me understand it better. Peace!
A1) Digital Provenance is a feature of Blockchain that allows record of ownership, recent history of transactions and confirm.
A2) Normal databases don’t allow provenance because they can be edited.
A3) Digital Provenance allows Business fast transfer of value and can trace all transactions.
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blockchain enable digital tracing, storage all the transaction information,so all the history can be tracked and can’t be deleted.
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Normal database is centralized. can be hacked or deleted and by then the database could not be used and the info are damaged or gone. Digital provenance is making the tracing fast & in real time.
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transparent, safer, track in real time, solve the trust problem , efficiency.
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Good answer. Since all information is now on a single ledger the company saves a lot of time. And since the blockchain is immutable all the transaction will be already pre audited. They can just grab the info from the ledger with a piece of a program and save money by not needing third parties that would have taken a cut.
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Blockchain technology provides an immutable ledger of transactions within a decentralized database.
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Normal databases are centralized requiring trust between the parties involved. Transactions are not on a public ledger allowing data to be manipulated/removed without verification.
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Digital provenance allows for real-time auditing for transactions to be transparent and instantly verifiable by all parties involved.
Thanks Ivan!!
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Hi there!! Good job, great answers! By the way, welcome to the forum! Anything you need, we are here to help! 
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By having a public ledger that can not have transactions removed from it, therefore allowing all transactions to be traceable and verified/audited by anyone almost instantly.
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A normal database requires a person or company to audit a normal database but this can have its transactions amended/deleted and requires trust to work.
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It will allow businesses to see exactly where everything is being sent and received and can not be duplicated or given false information which will create a trustless society only dealing with the facts.
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Great job on your first homework, and welcome to the forum 
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Smashing! I appreciate your feedback. 
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Homework on Provenance - Questions
How does blockchain enable digital provenance?
Blockchain makes it possible to track the origine of certain items. So in the case of digital currency it is possible to track the currency. Where did it come from, how much was the transfer and where did it go. But in case of a supplychain blockchain it is possible to see where the ingredients came from, where the products are made and who was shipping the goods. Every step of the proces can be digital stored on the blockchain.
Why doesn’t a normal database bring the same provenance?
Because a blockchain is digital stored, verified, irreversible and temper proof it is more secure then a normale database.
Why is digital provenance such a great benefit to many businesses?
Because digital provenance will give you the trust that the product/currency/services is delivert as agreed. Every step is verified multiple time by different nodes. Verification can be done in real time. Because it is trustless and fast the whole proces is also cost efficient
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No problem. Keep up the great work. 
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By using a digital ledger
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Because it can be edited
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Because it is a trustless system that uses a digital ledger to verify
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Homework on Provenance - Questions
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How does blockchain enable digital provenance?
Blockchain enable digital provenance through the use of it’s various entry level of transaction or any action tracking with timestamp of when,how, who and for what purpose detailed information of the entire process that occurred but in a record able manner on the public ledger and because it is a public ledger there is no directive from any source every transaction takes a natural flow without the thought of what an overall performance will mean. This enables realtime tracking and tracing in an accessible, audit able, very open public ledger which is not just verified by a central organisation but by all members of public who take part in the process. Blockchain does this by having an accounting and transactional layer backed into one and thus makes auditing instant. -
Why doesn’t a normal database bring the same provenance?
A normal database can be intercepted,change according to the central party directives as the details input can be changed if it doesn’t comply to a preset standard and thus the origin of an issue can not be determined and thus the normal database can hide the source of an issue because it is not publicly accessible. -
Why is digital provenance such a great benefit to many businesses?
Digital Provenance is such a blessings to many businesses as the origin of impact can be determined without a second thought. And by this I mean a good product ingredients and process that is involved in attaining such ingredients are well documented in real time and the same applies to a product which is of way less standard or extremely high standard and thus this can help a business to improve dramatically rather than rely on trust, a verifiable and opaqueness in origin trail can easily expose strength and weakness of any process in an easily determinable manner.
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Well even after listening to Ivan’s video on Provenance it helped me to look up the definition of Provenance so I could better answer the questions. The definition that I found to help me understand what Provenance is; Provenance - noun The records or documents authenticating such an object or the history of its ownership.
So the first question of the homework is, How does blockchain enable digital provenance? I would answer that the blockchain enables digital provenance because the blockchain is a digital open immutable record , a ledger if you will, of all previous spent transactions and of all unspent transactions. Thus anyone without permission is able to track the history of all spent transactions and identify the verifiable true owners of unspent transactions on the blockchain.
The second question is, how doesn’t a normal database bring the same provenance as blockchain? The weakness normal databases have compared to blockchain for establishing provenance is that databases don’t have the same decentralized characteristics that blockchain does. Decentralization means that the blockchain does not have one central point of weakness where either malice, error, or negligence could lead to a false record. Databases are centralized and do suffer from this weakness and thus have to be trusted. Blockchain on the other hand is trustless meaning the record or ledger is verifiable, true, and immutable with no trust needed.
The last question is, why is digital provenance such a great benefit to many business? Provenance is such a great benefit to so many businesses because businesses are constantly engaging in risk and reward decisions. Having access to proven true data in real time allows businesses to better calculate risk/reward, make better decisions, and avoid malinvestment.
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