Blockchain and Smart Contracts Lesson 4

What is the primary advantage of using smart contracts for renting out unused land?

• Automated payments and reduced risk of breach of contract

• Ability to divide land into smaller plots

• Protection of personal information

• All of the above

How do smart contracts help solve the issue of long waiting lists for organ transplants?

• They connect compatible patient-donor pairs across different regions

• They prioritize patients based on medical urgency

• They increase the supply of available organs

• They streamline the approval process for transplants

Which of the following industries is mentioned as being significantly impacted by smart contracts and blockchain technology?

• Manufacturing

• Finance

• Hospitality

• Healthcare

What is the key benefit of using smart contracts for the shipping and supply chain process?

• Reduced shipping costs

• Improved supply chain visibility

• Increased administrative efficiency

• Secure data transfer and fraud prevention

How does the startup Kidner use smart contracts to address the organ transplant issue?

• It creates a centralized waitlist for organ donors

• It connects compatible patient-donor pairs across borders

• It verifies the health and compatibility of organ donors

• It automates the organ transplant approval process

According to the passage, approximately what percentage of global products are transported by the shipping industry?

• 50%

• 70%

• 80%

• 90%

What is the main purpose of the smart contract mentioned in the shipping and supply chain example?

• To store the package's shipping information

• To track the package's location

• To verify the package's contents

• All of the above

What is the main advantage of using smart contracts for employment contracts?

• They can clearly outline the employee's responsibilities and the company's requirements.

• They can ensure employees are paid higher salaries.

• They can provide bonuses and incentives for employees.

• They can give employees more control over their work schedules.

How can smart contracts help musicians and artists gain more control over their work?

• By allowing them to sell their music directly to listeners.

• By requiring record labels to pay them a minimum royalty rate.

• By preventing them from signing unfair contracts with producers.

• By ensuring they receive a fixed salary from their record label.

What was the issue with the CryptoKitties app that highlighted the limitations of the Ethereum network?

• It could not process the large number of transactions efficiently.

• It was not secure enough for financial applications.

• It did not have enough decentralized applications.

• It was too expensive for most users to interact with.