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Blockchain Technology Overview
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Blockchain Technology Overview

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Questions and Answers

Blockchain technology is a trust mechanism that requires a central authority for its operation.

False

Digital transformation involves creating new business models using technology to gain more competitive advantages.

True

In blockchain technology, computer owners play a key role in forming the network structure.

True

Blockchain technology is primarily based on concepts of biology and chemistry.

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

Decentralized systems do not require a central authority for operation, unlike centralized systems.

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

Blockchain technology is mainly focused on centralized database structures.

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

Proof of Work (PoW) is an easy and cost-effective process in blockchain technology.

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

Supply chain integration through blockchain technology has no impact on digital supply chains and networks.

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

Businesses that lack maturity in digital technology have more opportunities compared to businesses experienced in this field.

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

The structure of the blockchain allows participants to share a ledger created through central authority in each transaction.

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

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