Blockchain

What is blockchain technology?

• A digital bookkeeping technology

• A physical bookkeeping technology

• A social media platform

• A video streaming platform

How does blockchain ensure the integrity?

• By keeping the ledger centralized

• By adding intermediaries

• Using cryptographic algorithms

• By using physical security measures

What is the purpose of smart contracts?

• To enforce the terms of an agreement automatically

• To create a digital currency

• To monitor blockchain transactions

• To provide customer support

What is one of the biggest challenges facing blockchain technology?

• Scalability

• Transparency

• Intermediaries

• Security

What industry has blockchain technology been applied in?

• Sports

• Fashion

• Finance

• Entertainment

What is one benefit of blockchain technology?

• Slow transactions

• Security

• Intermediaries

• Centralized control

How can blockchain technology be used in supply chain management?

• To create digital currencies

• To monitor social media activity

• To provide customer support

• To track products from origin to destination

How does blockchain technology help in voting?

• By requiring intermediaries to oversee the voting process

• By making it easier to tamper with election results

• By ensuring secure and transparent elections

• By allowing for physical voting only

What is a blockchain block?

• A type of smart contract

• A type of cryptocurrency

• A physical object

• A record of data

What is one of the benefits of using blockchain for transactions?

• Removing intermediaries to complete transactions faster and at a lower cost

• Keeping transactions centralized for greater security

• Allowing for anonymous transactions with no accountability

• Adding intermediaries to increase transaction time and cost