Blockchain Technology Quiz

What is blockchain?

• A puzzle game analogy

• A type of cryptocurrency like Bitcoin

• A digital record split into pieces stored in multiple places

• A technology exclusive to the crypto world

What makes blockchain records secure?

• They are vulnerable to hacking

• They are stored in a single location

• They are virtually invulnerable to power outages

• They are slow and inefficient

What are some non-cryptocurrency applications of blockchain?

• Supply chains and online shopping

• Identification records and online privacy

• Banking transactions and financial investments

• Social media platforms and video streaming

How does blockchain technology help with online privacy?

• It increases the risk of data breaches

• It allows browsing the Internet anonymously

• It eliminates digital privacy completely

• It collects and uses personal data for targeted ads

What is one impact of blockchain technology in supply chains?

• It increases the cost of production and transportation

• It brings clarity and accountability to the gathering of raw materials

• It reduces the efficiency of the supply chain

• It eliminates the need for independent farmers and miners