Understanding Blockchain Technologies

Understanding Blockchain Technologies

University

8 Qs

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Understanding Blockchain Technologies

Understanding Blockchain Technologies

Assessment

Quiz

Design

University

Practice Problem

Medium

Created by

Gakwaya Nkundimana Joel

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8 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the benefits of Business Networks?

Connectivity among customers, suppliers, and partners

Increased costs and complexity

Limited market access

Reduced efficiency

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two fundamental types of asset?

Tangible and Intangible

Digital and Physical

Financial and Non-Financial

Public and Private

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the importance of ledgers?

They record asset transfer between participants

They increase transaction costs

They are not necessary for business

They are only used in public markets

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a shared ledger technology?

A system allowing participants to see the record

A private ledger for individual use

A technology that increases transaction costs

A method to hide transaction details

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the negative indicators for Blockchain?

Need for high performance transactions

Large organization with multiple networks

Looking for a database replacement

All of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of smart contracts in Blockchain?

To define business rules and conditions

To increase transaction costs

To limit participation in the network

To create physical assets

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is required for transaction privacy in Blockchain?

Cryptography

Public access

Open records

No authentication

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the significance of validation in Blockchain?

To ensure transaction verification

To increase anonymity

To reduce costs

To eliminate participants