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Module 4: Real-World Applications of Blockchain and Cryptocurrencies

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Which of the following is a key benefit of blockchain in financial services?

Enhanced transparency and security

What is Decentralized Finance (DeFi)?

Financial services using blockchain technology without intermediaries

IBM Food Trust uses blockchain technology to:

Track food products from farm to table

How does blockchain improve supply chain management?

<p>By reducing the need for documentation and increasing transparency</p> Signup and view all the answers

Which blockchain platform is known for enabling secure, mobile voting?

<p>Voatz</p> Signup and view all the answers

What does NFT stand for?

<p>Non-Fungible Token</p> Signup and view all the answers

In which industry is blockchain used to enhance data security and patient privacy?

<p>Healthcare</p> Signup and view all the answers

What is one of the main challenges faced by blockchain technology?

<p>Scalability issues</p> Signup and view all the answers

Which of the following is a real-world example of a DeFi platform?

<p>Uniswap</p> Signup and view all the answers

What is the primary function of smart contracts in blockchain technology?

<p>To automate and enforce agreements without intermediaries</p> Signup and view all the answers

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