Interoperability in BaaS Platforms BFC Practice Questions (Page 5)

Questions 21–25

1. 21foundation · easy

   Which standard is widely used in financial messaging to facilitate interoperability between financial institutions and blockchain networks?

   • AISO 20022
   • BSQL
   • CHTTP/2
   • DTCP/IP
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2. 22foundation · easy

   In the context of Blockchain-as-a-Service (BaaS) platforms, what does 'interoperability' primarily refer to?

   • AThe capacity of different blockchain networks and systems to exchange data and execute transactions across them
   • BThe ability of a BaaS platform to run multiple blockchain protocols on the same physical hardware
   • CThe process of migrating an organization's existing database to a blockchain-based storage system
   • DThe use of a single vendor's proprietary APIs to access all blockchain services
   Reveal Solution Discussion Select an answer first
4. 23foundation · easy

   Which open-source project is specifically designed to enable interoperability between different blockchain networks?

   • AHyperledger Cactus
   • BHyperledger Fabric
   • CBitcoin Core
   • DEthereum
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5. 24application · medium

   A mid-sized bank uses a BaaS platform for a new blockchain-based loyalty program. The bank's core banking system is a mainframe that only supports file-based batch updates. The bank wants to reflect loyalty points earned on the blockchain in the core system without manual intervention. Which integration approach should the bank use?

   • AExpose the mainframe's data through a REST API.
   • BDeploy a cross-chain bridge between the blockchain and the mainframe.
   • CReplace the mainframe with a cloud-based core banking system.
   • DUse a middleware adapter that reads blockchain events and writes batch files for the mainframe.
   Reveal Solution Discussion Select an answer first
6. 25foundation · easy

   How does interoperability benefit cross-border payments in a BaaS platform?

   • AIt allows different banks and payment networks to transact directly without multiple intermediaries
   • BIt eliminates the need for regulatory oversight in cross-border transactions
   • CIt requires all banks to use the same blockchain platform
   • DIt ensures that all payments are settled in the same currency
   Reveal Solution Discussion Select an answer first