Blockchain TQ MCQ Questions and Answers

1.How does blockchain technology help organizations when sharing data?

  • Data can only be exchanged through a central, trusted organization.
  • Data can be edited or removed only through certain authorized central nodes.
  • Everyone has transparency over how the data has been added
  • Data can only be exchanged through a central, trust organization

d) Data can only be exchanged through a central, trust organization

Q2.How could the adoption of blockchain within a supply chain help the world become more sustainable and, in some cases, eco-friendly?

  • Consumers could still purchase items at a store even if they forgot their wallet and phone at home.
  • Consumers will be able to effectively track where the components of their product were sourced
  • Consumers could easily return and get refunds for products that didn’t meet their expectations.
  • Consumers will be able to effectively track where the compents of their product were sourced.
d) Consumers will be able to effectively track where the compents of their product were sourced.

Q3.An e-commerce company is collaborating with artisans from all over the world to sell the artisans’ products. Accenture is helping this client build a platform that will maintain the integrity of the artisan’s credentials by creating digital identities for them. This creates a privacy preserving link between the products and the artisans’ unique identities.How will these digital identities help these artisans?

  • Allow them to interact with the e-commerce company and get details of the buyer so they can target to a specific audience
  • Link them with the banks to prove credit-worthiness and inform them of loan options
  • Individually recognize and reward them for using methods and materials that align with buyers’ values such as sustainability and labor practices
  • Connect them with the customers, enhance their marketing, and build their client base.
c) Individually recognize and reward them for using methods and materials that align with buyers’ values such as sustainability and labor practices

Q4.How is blockchain different from traditional database models?

  • Blockchain provides multiple versions of the data that can be kept by individual entities.
  • Blockchain can lead to increased transparency and trust in data, ultimately driving more innovation, improved productivity, and quality.
  • Blockchain prohibits transparency by redefining the fundamental nature of business ecosystems and business flows.
  • Blockchain increases innovation; however, it decreases productivity and quality.
b) Blockchain can lead to increased transparency and trust in data, ultimately driving more innovation, improved productivity, and quality.

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