Podcast
Questions and Answers
What is the main function of blockchain in a business network?
What is the main function of blockchain in a business network?
- Buying and selling assets
- Creating new assets
- Managing financial transactions
- Recording transactions and tracking assets (correct)
In the context of blockchain, what does it mean that assets can be tangible or intangible?
In the context of blockchain, what does it mean that assets can be tangible or intangible?
- Assets can be exchanged for tangible or intangible goods
- Assets have both tangible and intangible value
- Assets are tracked physically or digitally (correct)
- Assets are represented as physical or digital tokens
What distinguishes bitcoin from blockchain?
What distinguishes bitcoin from blockchain?
- Efficiency in transactions
- Cost-effectiveness
- Control and central authority (correct)
- Visibility of transactions
How are bitcoins 'mined'?
How are bitcoins 'mined'?
What makes blockchain transactions cost-effective?
What makes blockchain transactions cost-effective?
Why are blockchain transactions considered safe and secure?
Why are blockchain transactions considered safe and secure?
What role do participants play in maintaining the blockchain ledger?
What role do participants play in maintaining the blockchain ledger?
How does blockchain help reduce information friction?
How does blockchain help reduce information friction?
What feature of blockchain reduces interaction friction?
What feature of blockchain reduces interaction friction?
How does blockchain ensure privacy and prevent unauthorized access to transaction details?
How does blockchain ensure privacy and prevent unauthorized access to transaction details?
What is one way blockchain reduces delays inherent in contracts?
What is one way blockchain reduces delays inherent in contracts?
Which feature of blockchain eliminates the need for intermediaries in asset ownership transfer?
Which feature of blockchain eliminates the need for intermediaries in asset ownership transfer?
How does blockchain prevent fraudulent activity?
How does blockchain prevent fraudulent activity?
Why do blockchains not require a central point of control for interactions?
Why do blockchains not require a central point of control for interactions?
What is one of the main goals of Hyperledger Fabric?
What is one of the main goals of Hyperledger Fabric?
What are the 4 key elements of a blockchain for business as provided by Hyperledger Fabric?
What are the 4 key elements of a blockchain for business as provided by Hyperledger Fabric?
How does IBM make blockchain more accessible?
How does IBM make blockchain more accessible?
What is the first step to developing your first blockchain application according to the text?
What is the first step to developing your first blockchain application according to the text?
What should be outlined for the first project when developing a blockchain network?
What should be outlined for the first project when developing a blockchain network?
Why is it important to identify speed bumps in business processes when developing a blockchain application?
Why is it important to identify speed bumps in business processes when developing a blockchain application?
What aspect should be considered when determining how blockchain can help address inefficiencies?
What aspect should be considered when determining how blockchain can help address inefficiencies?
Why is it important to choose an appropriate use case for a blockchain application?
Why is it important to choose an appropriate use case for a blockchain application?
What does Hyperledger Fabric provide for developing blockchain solutions?
What does Hyperledger Fabric provide for developing blockchain solutions?
