Hyperledger Fabric Framework and Applications in Finance BFC Practice Questions (Page 9)

Questions 41–45

1. 41foundation · easy

   Which feature of Hyperledger Fabric is particularly important for compliance with financial regulations?

   • AThe ability to maintain an immutable audit trail of transactions
   • BThe ability to make all transactions public
   • CThe ability to delete transactions from the ledger
   • DThe ability to run without any identity verification
   Reveal Solution Discussion Select an answer first
2. 42expert · hard

   A consortium of financial regulators and banks is deploying Hyperledger Fabric for regulatory reporting. The regulators require the ability to audit all transactions and access to the full ledger, while banks require that their proprietary trading strategies remain confidential. What is the best way to balance these requirements?

   • AGive regulators admin access to the banks' peers so they can query any data.
   • BCreate a separate channel for regulators with read-only access to the ledger, and use private data collections for banks' proprietary data.
   • CUse a single channel with all data visible to all participants.
   • DStore all data on the shared ledger and rely on regulators to keep it confidential.
   Reveal Solution Discussion Select an answer first
4. 43foundation · easy

   What is a key consideration when integrating Hyperledger Fabric with existing enterprise financial systems?

   • AEnsuring interoperability through APIs and data mapping
   • BThe blockchain must replace all existing databases
   • CAll data must be stored on-chain
   • DThe blockchain must be public for integration
   Reveal Solution Discussion Select an answer first
5. 44foundation · easy

   In Hyperledger Fabric, what is the term for the smart contract logic that is deployed and executed on peers?

   • AEndorsement Policy
   • BTransaction Proposal
   • CWorld State
   • DChaincode
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6. 45foundation · easy

   In a regulated financial environment, what is a key governance consideration when deploying Hyperledger Fabric?

   • AMaking the network public to increase transparency
   • BEnsuring that all participants have equal access to all data
   • CDefining clear policies for participant onboarding and data access
   • DEliminating all audit trails to reduce complexity
   Reveal Solution Discussion Select an answer first