Understanding Blockchain Technologies

What are the benefits of Business Networks?

• Connectivity among customers, suppliers, and partners

• Increased costs and complexity

• Limited market access

• Reduced efficiency

What are the two fundamental types of asset?

• Tangible and Intangible

• Digital and Physical

• Financial and Non-Financial

• Public and Private

What is the importance of ledgers?

• They record asset transfer between participants

• They increase transaction costs

• They are not necessary for business

• They are only used in public markets

What is a shared ledger technology?

• A system allowing participants to see the record

• A private ledger for individual use

• A technology that increases transaction costs

• A method to hide transaction details

What are the negative indicators for Blockchain?

• Need for high performance transactions

• Large organization with multiple networks

• Looking for a database replacement

• All of the above

What is the role of smart contracts in Blockchain?

• To define business rules and conditions

• To increase transaction costs

• To limit participation in the network

• To create physical assets

What is required for transaction privacy in Blockchain?

• Cryptography

• Public access

• Open records

• No authentication

What is the significance of validation in Blockchain?

• To ensure transaction verification

• To increase anonymity

• To reduce costs

• To eliminate participants