AI-Driven Innovations in Blockchain-Based Trade Finance BBLC Practice Questions (Page 5)

Questions 21–25

1. 21application · medium

   A trade finance company is considering adopting AI to improve efficiency in its blockchain-based platform. The company's main pain points are manual document processing, slow credit decisions, and lack of visibility into supply chain risks. Which AI capability would address the most pain points simultaneously?

   • AA combination of AI-driven document processing, predictive analytics, and machine learning for credit scoring, integrated with the blockchain platform.
   • BAI-based fraud detection to reduce financial losses from fraudulent transactions.
   • CAI-driven document processing to automate extraction and verification of trade documents.
   • DPredictive analytics to forecast supply chain disruptions and adjust credit terms accordingly.
   Reveal Solution Discussion Select an answer first
2. 22foundation · easy

   In a blockchain-based trade finance platform, what is a primary role of AI in enhancing the overall process?

   • AReplacing the need for a distributed ledger by using centralized databases
   • BAutomatically generating cryptographic keys for all participants
   • CEnsuring that all trade documents are stored on-chain in plain text
   • DAnalyzing transaction data to provide insights and automate routine decisions
   Reveal Solution Discussion Select an answer first
4. 23application · medium

   An import company receives hundreds of invoices daily in various formats. They want to automate the verification of invoice details against purchase orders and flag discrepancies for compliance review. The company uses a blockchain-based system for record-keeping. What should they implement?

   • AA team of data entry clerks who manually compare invoices to purchase orders and enter discrepancies into a spreadsheet.
   • BA rule-based system that only checks the invoice total against the purchase order total.
   • CAI-based document extraction that compares invoice fields to purchase order data and flags mismatches, with the comparison results stored on-chain.
   • DA smart contract that automatically pays invoices without any verification.
   Reveal Solution Discussion Select an answer first
5. 24foundation · easy

   In an AI-enhanced smart contract for trade execution, what role does AI play in compliance?

   • AIt automatically rewrites the contract to avoid legal issues
   • BIt monitors transactions and flags those that may violate regulatory rules
   • CIt eliminates the need for external audits
   • DIt ensures the contract is stored on a private blockchain
   Reveal Solution Discussion Select an answer first
6. 25foundation · easy

   In what way does AI help trade finance institutions comply with regulatory requirements?

   • ABy eliminating the need for external audits
   • BBy providing legal advice to the institution
   • CBy ensuring that all data is stored on-chain
   • DBy automating the classification of transactions for reporting
   Reveal Solution Discussion Select an answer first