Bancor Brings Power of Blockchain to Emerging Markets
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Business
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University
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Hard
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary advantage of using blockchain technology for local entrepreneurs in Kenya?
It allows them to create their own currency based on local production.
It offers free financial services.
It provides access to international markets.
It eliminates the need for any governance.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does blockchain technology help in reducing transaction costs?
By providing a transparent and auditable ledger.
By increasing the number of intermediaries.
By eliminating the need for digital identity.
By offering free services to all users.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What potential does blockchain technology have for individuals without access to financial services?
It can provide them with a digital identity.
It can offer them free international travel.
It can eliminate all their debts.
It can provide them with free housing.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant challenge when scaling blockchain systems?
Eliminating all forms of currency.
Ensuring the system is free for all users.
Establishing governance and security measures.
Providing unlimited access to all markets.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to establish rules for data verification in blockchain systems?
To ensure data is free for all users.
To verify the authenticity and resolve conflicts.
To increase the number of intermediaries.
To eliminate the need for governance.
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