HW: Benefits of Using Blockchain

  1. Blockchain enables digital provenance because data is only able to be added to a blockchain, and you can never remove it once the data has been added. This creates an exactness that acts as an antitrust mechanism to ensure that a currency is not a duplicate and is sent where it needs to go.
  2. A normal database wont bring the same provenance because a normal database is usually consisted of a single computer or several that dont run the same programs. Blockchain differs from the normal database by lots of computing power that runs the same software as the means to approve or disapprove or transactions and other trading activity.
  3. It is a great benefit to many businesses because it will ensure the payment for a specific digital good or service. Promoting provenance within business is promoting positive business ethics that will engulf the digital marketplace because of the efficiency it offers.
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