Blockchain Multiple Choice Questions and Answers - MCQ Village

Blockchain Multiple Choice Questions and Answers

1.How does blockchain technology help organizations when sharing data?

A.Data can only be exchanged through a central, trusted organization.

B.Data can be edited or removed only through certain authorized central nodes.

C.Everyone has transparency over how the data has been added.

D.Data can only be exchanged through a central, trust organization.

Ans: D

Q2.How could the adoption of blockchain within a supply chain help the world become more sustainable and, in some cases, eco-friendly?

A.Consumers could still purchase items at a store even if they forgot their wallet and phone at home.

B.Consumers will be able to effectively track where the components of their product were sourced

C.Consumers could easily return and get refunds for products that didn’t meet their expectations.

D.Consumers will be able to effectively track where the compents of their product were sourced.

Ans: D

Q3.An e-commerce company is collaborating with artisans from all over the world to sell the artisans’ products. Accenture is helping this client build a platform that will maintain the integrity of the artisan’s credentials by creating digital identities for them. This creates a privacy preserving link between the products and the artisans’ unique identities.How will these digital identities help these artisans?

A.allow them to interact with the e-commerce company and get details of the buyer so they can target to a specific audience them with the banks to prove credit-worthiness and inform them of loan options

C.Individually recognize and reward them for using methods and materials that align with buyers’ values such as sustainability and labor practices

D.connect them with the customers, enhance their marketing, and build their client base.

Ans: C

Q4.How is blockchain different from traditional database models?

A.Blockchain provides multiple versions of the data that can be kept by individual entities.

B.Blockchain can lead to increased transparency and trust in data, ultimately driving more innovation, improved productivity, and quality.

C.Blockchain prohibits transparency by redefining the fundamental nature of business ecosystems and business flows.

D.Blockchain increases innovation; however, it decreases productivity and quality.

Ans: B

Q5.As Accenture explores an end-to-end business flow that has reconciliation between multiple parties, what would we uncover?

A.shared state

B. trapped value



Ans: A

Q6.A software giant is enabling a city with smart parking, using real-time information captured by sensors on the vehicle and sensors in parking lots. When the vehicle leaves, data can be shared between the vehicle and parking system which will prompt a payment from the driver’s payment device stored in their account. How would the use of blockchain to store this data help reduce potential risks? creating a verified data record to a car’s digital identity storing large amounts of data without any delays easily monitoring traffic congestion in areas of the city sharing data with law enforcement authorities when requested

Ans: D

Q7.Blockchain maintains and records data and transactions in a new type of database system. This technology is used across organizations in an ecosystem and allows products’ histories to be captured as they move to the consumer. How might this technology help inter-organization processes? decreasing the likelihood of record tampering limiting data sharing only to a single party increasing mediators between transaction partners creating an agile and dynamic database

Ans: B

Q8.A company wishes to begin the process of implementing a Multi-party System and is looking for other companies with similar interests to join them. With blockchain, every organization sees the same data. What does this provide?




Ans: D

Q9.Shipping vast quantities of oil and gas supplies is a complex process that requires the participation of many different parties. Any delays in shipping, or possibility of fraud, across the entire supply chain could cost the industry billions of dollars. How could blockchain technology be applied to address this problem? eliminating the need for companies to invest in Application Programming Interfaces (APIs) or Service Level Agreements (SLAs) creating a freely accessible public record for documents and shipping events gathering data on weather patterns and selecting the best shipping routes to reduce shipping delays creating a hash or digital fingerprint that is added to the blockchain for each document to identify any subsequent changes that have been made

Ans: D

Q10.What is the core domain for Accenture’s Multi-party Systems practice? networking responsiveness identity
D.employee retention

Ans: C

Q11.What is one of the reasons to consider implementing a blockchain solution?

A.ability to work on different versions of the same data
B.inability to trace and access data of other users
C.ability to verify that data has not been tampered with since its creation
D.inability to track simultaneous updates by multiple users

Ans: C

Q12.Which statement is true about blockchain?

A.Blockchain enables users to verify that data tampering has not occurred.
B.Blockchain encourages trust among all peers.
C.Blockchain always requires a central authority as an intermediary.
D.Blockchain guarantees the accuracy of the data.

Ans: A


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