Blockchain and Ecommerce

Which of the following is NOT mentioned as an application of blockchain in electronic payments?

• Microtransactions

• Cross-border payments

• Charitable donations

• Centralized banking systems

How does blockchain improve cross-border payments compared to traditional systems?

• By reducing the need for intermediaries and speeding up transactions

•  By relying on traditional bank verification processes

• By increasing transaction fees for international transfers

• By requiring detailed paper-based documentation

Why is blockchain processing often slower compared to traditional databases?

• • It has higher transaction fees

• It lacks sufficient infrastructure

• It requires validation through consensus mechanisms

• It operates without any security measures

Which consensus mechanism is most commonly associated with high energy consumption in blockchain networks?

• Proof of Stake (PoS)

• • Delegated Proof of Stake (DPoS)

• • Proof of Work (PoW)

• Byzantine Fault Tolerance (BFT)

What is the primary benefit of using blockchain in supply chain management?

• Increased product pricing

• Enhanced transparency and traceability

• Faster employee hiring process

• Improved product quality

Which of the following is a key feature of blockchain that supports better product traceability?

• Data centralization

• Smart contracts

• Data transparency and immutability

• Permissionless access to data

How can blockchain technology reduce costs in supply chain management?

• By eliminating the need for manual reconciliation of records between partners

• By allowing companies to bypass government regulations

• By increasing the cost of compliance

• By reducing employee wages

What benefit is NOT included in the combination of AI and Blockchain technology ?

• Accurate and automated transaction

• Better recommendations in terms of product selection

• Detect fraudulent symptoms

• Develop decentralized AI marketplace

Which combination(s) in the future can support supply chain transparency ?

• Blockchain and Artificial Intelligence

• Internet of Things and 5G

• Blockchain, IoT and 5G

• Blockchain and 5G

In the future, which invention do you think could make the most impact in Blockchain technology development ?

• Quantum-Proof Ledger

• Untrackable Cloud Storage

• Molecular Chip and Quantum Core

• A & C is correct