Self-Sovereign Identities and Blockchain Adoption Quiz
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Questions and Answers

Which factor is a driving force for institutional adoption of blockchain technology?

  • Introduction of SSIs
  • Integration with traditional institutions (correct)
  • Decentralized ethos of blockchain
  • Concerns surrounding identity verification and regulatory compliance

What is a pivotal factor for established businesses to adopt blockchain technology?

  • Concerns surrounding identity verification and regulatory compliance (correct)
  • Innovative potential of blockchain
  • Introduction of SSIs
  • Decentralized ethos of blockchain

What role do SSIs play in the integration of blockchain technology with traditional institutions?

  • Enabling controlled and authenticated identity verification (correct)
  • Decentralizing the regulatory expectations of traditional institutions
  • Propelling the blockchain space into the mainstream business landscape
  • Unlocking a new wave of institutional adoption

What is the potential impact of SSIs on institutional adoption of blockchain technology?

<p>Unlocking a new wave of institutional adoption (D)</p> Signup and view all the answers

What is the main challenge for established businesses to adopt blockchain technology?

<p>Concerns surrounding identity verification and regulatory compliance (A)</p> Signup and view all the answers

Which factor is a driving force for institutional adoption of blockchain technology?

<p>The introduction of SSIs (B)</p> Signup and view all the answers

What is the barrier to entry for established businesses in adopting blockchain technology?

<p>Identity verification and regulatory compliance (D)</p> Signup and view all the answers

What do SSIs offer in relation to traditional institutions and blockchain technology?

<p>A mechanism for compliance norms (A)</p> Signup and view all the answers

What could potentially unlock a new wave of institutional adoption of blockchain technology?

<p>The introduction of SSIs (C)</p> Signup and view all the answers

What is the role of SSIs in the mainstream business landscape?

<p>To ensure compliance with regulatory expectations (B)</p> Signup and view all the answers

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