BC1

BC1

Professional Development

9 Qs

quiz-placeholder

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BC1

BC1

Assessment

Quiz

Computers

Professional Development

Practice Problem

Hard

Created by

Lawrence L.W.

Used 39+ times

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9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Blockchain runs on ____________________

Cryptographic proof

Trust

Token

Data consistency

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

One of the reason of choosing Blockchain solution versus a Database system is :

Database is slower

One needs to design the schema of the Database

Need to trust the administrator to keep the Database password

Database cannot be shared with other participants

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

In the business world, participants forms a network that is:

Always limited in a private network

Each member protect their own tuff and operates efficiently

Can be private or public in nature

None of the above

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

In a Blockchain system with Shared Ledger design, which of the following use case is a good fit for this system?

Voting rights

Reliable data is made sharable

Realtime audit

Modelling of assets

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

What feature of a system is needed to support business activities for KYC, AML and CFT?

Consensus

Identity

Provenance

All of the above

6.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

Select the common characteristics of a blockchain network.

The blockchain network requires miners to be present to compete with each other for the right to write information to the ledger.

Not all participants join in the agreement process; instead, the main stakeholder define how transactions are verified

through consensus, thus providing rules for compliance and audit.

Open standard cryptography is used to ensure that network participants see only the parts of the ledger that are relevant to them, and that transactions are secure, authenticated, and verifiable.

Blockchain allows software programs to be written for asset transfer. These programs lives in the transaction database and contains rules and conditions whereby the transaction is allowed to take place.

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Business network can :

consist of sellers, buyers, banks and the government

cut across many countries

generate wealth through the flow of goods or services in the business network

all of the above

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