BLOCKCHAINF by EXIN Actual Free Exam Q&As

Question 1

Blockchains are being implemented in the food supply chain because_____________.

A. it prevents food waste if a food contamination problem occurs B. All of the above C. consumers demand to know where their food comes from D. it allows farm to table accountability for safety E. they have the potential to provide fast, specific supplier data

Discussion 0

Correct Answer: B Vote an answer

Question 2

What is a private Blockchain used instead of a public one?

A. It requires less mining power that a public Blockchain B. It requires fewer administrators to manage it C. It is less expensive to develop D. To limit user access and permissions

Discussion 0

Correct Answer: D Vote an answer

Question 3

In its simplest state, a ledger_______________.

A. determines which node stores the assets B. proves ownership on the Blockchain C. provides privacy to users on the Blockchain D. records the transfer of an asset between participants

Discussion 0

Correct Answer: D Vote an answer

Question 4

A smart contract on the Blockchain provides __________. Select all that apply

A. A set of business conditions that must be met B. Specific actions to be taken on events or transactions C. Better anonymity of those making transactions D. The same contracts a bank provides

Discussion 0

Correct Answer: A Vote an answer

Question 5

An asset is defined as ____________.

A. anything of value requiring accountability of ownership B. any record on a private network C. all records on a database D. any data on the ledger

Discussion 0

Correct Answer: A Vote an answer

Question 6

One of the great advantages of creating a new Blockchain solution is__________.

A. combining Blockchain technologies to fit your business solution B. All of the above C. the ability to completely customize a unique business solution D. not being limited to a conventional business solution or restriction E. merging your existing network technology into a new Blockchain solution

Discussion 0

Correct Answer: D Vote an answer

Question 7

What is the focus or primary goal of a private Blockchain? Select all that apply.

A. To save money by eliminating intermediaries B. To create a distributed database that allows for CRUD C. To provide anonymity in business D. To provide transparency and trust for business while remaining secure

Discussion 0

Correct Answer: D Vote an answer

Question 8

What do consensus methods achieve?

A. None of the above B. Anonymity in a peer to peer network C. It confirms that all nodes on the network are legitimate. D. The highest level of security in a database by ensuring 51% agreement of nodes on the network. E. The most efficient way of recording a transaction in any database.

Discussion 0

Correct Answer: C Vote an answer

Question 9

The Corda distributed ledger is designed for _______________.

A. The transportation industry B. Any business transactions C. International shipping D. Financial transactions

Discussion 0

Correct Answer: D Vote an answer

EXIN Blockchain Foundation - BLOCKCHAINF Exam Practice Test