BC1

Blockchain runs on ____________________

• Cryptographic proof

• Trust

• Token

• Data consistency

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

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

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

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

• Consensus

• Identity

• Provenance

• All of the above

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.

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

In a blockchain business use case where a compliance ledger pattern is implemented, it provides a real-time view of risk data for compliance and audit.

• True

• False

Select the intangible assets.

• Inventory

• Patents

• Movies

• Cash Investments