Blockchain Ecosystem and Use Cases BFC Practice Questions (Page 7)

Questions 31–35

1. 31foundation · easy

   In supply chain finance, what is a key efficiency gain from using blockchain?

   • AHigher costs due to added intermediaries
   • BLonger settlement cycles
   • CFaster verification of invoices and shipment data, reducing processing time
   • DIncreased paperwork and manual checks
   Reveal Solution Discussion Select an answer first
2. 32foundation · easy

   In the blockchain ecosystem, which stakeholder is primarily responsible for validating and adding new blocks to a public blockchain?

   • AMiners (or validators)
   • BRegulators
   • CApplication developers
   • DEnd users
   Reveal Solution Discussion Select an answer first
4. 33expert · hard

   A supply chain finance platform wants to automate invoice discounting for small suppliers. The platform must verify that invoices are genuine and not duplicated across multiple lenders. It also needs to handle a high volume of invoices and provide lenders with real-time visibility. Which combination of technologies is most effective?

   • AA centralized database with manual verification by each lender
   • BA private messaging system for lenders to share invoice information
   • CA shared blockchain ledger with smart contracts that validate invoice uniqueness and automate discounting
   • DA public blockchain with no access control for invoice data
   Reveal Solution Discussion Select an answer first
5. 34foundation · easy

   What is a common scalability solution for blockchain networks?

   • AIncreasing the block size limit indefinitely
   • BSharding, which partitions the network into smaller pieces to process transactions in parallel
   • CReducing the number of nodes in the network
   • DRequiring every node to process every transaction
   Reveal Solution Discussion Select an answer first
6. 35foundation · easy

   Which of the following is a common regulatory challenge when implementing blockchain in FinTech?

   • AEnsuring that all nodes are located in one country
   • BGuaranteeing that all transactions are irreversible
   • CEnsuring compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations
   • DEliminating the need for any data protection measures
   Reveal Solution Discussion Select an answer first