Blockchain Ecosystem and Use Cases BFC Practice Questions (Page 9)

Questions 41–45

1. 41application · medium

   A trade finance company wants to tokenize warehouse receipts for commodities so that banks can verify ownership and extend credit more efficiently. The company must ensure that the tokenized receipt is legally recognized and that the underlying physical goods are not double-pledged. What is the most critical design consideration?

   • AUsing a private blockchain to keep transaction details confidential from regulators
   • BEstablishing a legal framework that links the token to the physical asset and a registry to track ownership
   • CDeploying smart contracts that automatically transfer ownership when payment is made
   • DChoosing a high-throughput blockchain to process many transactions per second
   Reveal Solution Discussion Select an answer first
2. 42foundation · easy

   Which of the following is an emerging trend in blockchain and FinTech?

   • AReturn to paper-based ledgers
   • BBanning all blockchain use in finance
   • CElimination of all cryptocurrencies
   • DCentral bank digital currencies (CBDCs)
   Reveal Solution Discussion Select an answer first
4. 43application · medium

   A global manufacturer wants to improve supply chain finance by reducing the time it takes for suppliers to get paid after shipping goods. They want to automate the release of payment once goods are delivered and verified. Which blockchain solution best addresses this need?

   • AA private messaging system for suppliers and buyers
   • BA smart contract that triggers payment when IoT sensors confirm delivery
   • CA tokenized loyalty program for suppliers
   • DA shared ledger that records all transactions but requires manual payment approval
   Reveal Solution Discussion Select an answer first
5. 44expert · hard

   A DeFi lending platform wants to expand into the European Union. The platform is fully permissionless and does not collect user identities. The EU's Markets in Crypto-Assets Regulation (MiCA) requires certain crypto-asset service providers to be authorized and to conduct AML checks. The platform's founders want to maintain decentralization but also need to comply with the law. What is the most viable approach?

   • AOperate only in jurisdictions with no crypto regulations
   • BKeep the platform fully permissionless and argue that it is not a service provider
   • CIntroduce a front-end interface that performs KYC/AML checks and restricts access to authorized users, while the underlying protocol remains permissionless
   • DMove the entire platform to a permissioned blockchain with full identity verification
   Reveal Solution Discussion Select an answer first
6. 45application · medium

   A government agency is planning a blockchain-based land registry. They want to involve various stakeholders, including citizens, notaries, and auditors, while ensuring that only authorized parties can write to the ledger. Which stakeholder role is essential for maintaining the integrity of the registry?

   • AA network where auditors have write access to correct any errors
   • BA permissioned network where only verified notaries and government officials can submit transactions
   • CA public network where anyone can submit transactions
   • DA network where citizens can directly update their property records
   Reveal Solution Discussion Select an answer first