Practice Blockchain And Distributed Ledger Technology (28.3.2) - Digital Transformation and Financial Technology (FinTech)

Practice: Blockchain and Distributed Ledger Technology

Lesson 28.3.2Digital Transformation and Financial Technology (FinTech)

Practise this section

10 questions

Flashcard drill
3 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
Sign up to start the exercise
Quiz
4 questions · about 3 min · pass mark 70%. Hints available.
Sign up to start the quiz

6 sample questions

Question 1.
What is a blockchain?
Show hintHide hint
Think about what makes it different from traditional databases.
Question 2.
Name one function of smart contracts.
Show hintHide hint
What do they do when you fulfill a requirement?
3Question 3.
What does a blockchain primarily ensure?
- Centralization
- Immutability
- Insecurity
Show hintHide hint
Think about what 'immutable' means.
4Question 4.
True or False: Smart contracts require human intervention to execute.
- True
- False
Show hintHide hint
Recall how they function without external influence.
Question 5.
Design a simple smart contract for a service agreement between a graphic designer and a client, detailing conditions for payment upon project completion.
Show hintHide hint
What should be included to ensure both parties meet their responsibilities?
Question 6.
Evaluate how the rise of cryptocurrencies could affect traditional banking systems, including both pros and cons.
Show hintHide hint
Consider both sides of the argument regarding innovations versus traditional values.

6 more questions in this section. Enroll free to practise them all.