Blockchain and Identity Lesson 3&4

What is the main reason companies like Facebook and Google are able to monetize user data?

• They provide free services in exchange for personal information.

• They have strict privacy policies to protect user data.

• They do not have access to a significant amount of user data.

• They are required by law to share user data with the public.

According to the passage, what is the key issue with exchanging personal data for online services?

• It allows companies to profit from user data without consent.

• It prevents users from accessing the free services.

• It ensures user data is always kept secure by companies.

• It gives users complete control over how their data is used.

What is the main benefit of having a self-sovereign digital identity?

• Storing all personal information in one place.

• Easily traveling across borders without physical documents.

• Protecting privacy by sharing only necessary information.

• All of the above.

How would self-sovereign identity change international travel, as suggested in the passage?

• It would make it easier to obtain travel visas.

• It would eliminate the need for physical documents like passports.

• It would allow easy access to medical records and work history.

• All of the above.

According to the passage, the key benefit of using blockchain for identity management is that it:

• Stores personal information in a centralized location.

• Enables secure and transparent data transfers.

• Allows companies to easily access and use personal data.

• Eliminates the need for physical identification documents.

What is the main issue with sharing personal information through government-issued IDs, as mentioned in the passage?

• It requires individuals to carry multiple physical documents.

• It exposes more personal information than necessary.

• It does not provide a secure way to transfer sensitive data.

• It makes it difficult to travel across borders.

What is the primary goal of self-sovereign identity systems according to the passage?

• To create a global identity management solution

• To secure personal data and give users control over their identity

• To establish a tokenized marketplace for digital credentials

• To provide universal online identity to all people

Which organization is described as using a blockchain-based solution for identity management?

• Civic

• Sovrin

• ID2020

• Microsoft

How does Civic aim to improve the authentication process for companies and their customers?

• By storing customer personal data on the blockchain

• By allowing customers to enter their personal information easily

• By providing a blockchain-based authentication solution without storing data

• By implementing biometric identification like fingerprint scanners

What is the estimated number of people worldwide who don't have access to a government-issued identity, according to the passage?

• 2.5 billion

• 1 billion

• 20 million

• The passage does not provide a specific number