Blockchain Technology

Question 1

What is a blockchain?

Answer 1

A distributed ledger that keeps track of transactions.

Question 2

How is the blockchain ledger maintained?

Answer 2

Everyone on the blockchain network maintains the ledger.

Question 3

What happens to records on the blockchain?

Answer 3

They are replicated to anyone and everyone in the network.

Question 4

Name a practical application of blockchain.

Answer 4

Payment processing.

Question 5

List another application of blockchain.

Answer 5

Digital identification.

Question 6

How can blockchain be used in supply chains?

Answer 6

For supply chain monitoring.

Question 7

What is one use of blockchain in voting?

Answer 7

Digital voting.