Blockchain Technology Quiz

What is the original purpose of blockchain technology?

• To power bitcoin

• To track medical records

• To record land titles

• To store financial transactions

What can be recorded and tracked using blockchain technology?

• Financial transactions

• Medical records

• Land titles

• All of the above

How does blockchain store information?

• In a single block

• In a chronological chain of blocks

• In a decentralized ledger

• In a database file

What is the purpose of proof-of-work in blockchain technology?

• To solve cryptographic puzzles

• To verify data changes

• To add blocks to the chain

• To decentralize information

What is one advantage of blockchain technology over traditional methods of data tracking?

• Real-time interaction with data

• Increased exposure and risk

• Dependence on intermediaries

• Higher cost and time consumption

What is the role of intermediaries in traditional business transactions?

• To verify data changes

• To decentralize information

• To build trust between parties

• To solve cryptographic puzzles

What type of blockchain allows everyone to view and access the data?

• Public blockchain

• Private blockchain

• Hybrid blockchain

• Decentralized blockchain

What is the potential impact of blockchain technology on the way we interact with each other?

• Revolutionize access to data

• Increase complexity of policy questions

• Limit exposure and risk

• Require trusted intermediaries

What are some of the complex policy questions that may arise with the rise of blockchain technology?

• Governance and international law

• Security and economics

• All of the above

• None of the above