Definitions
What is blockchain?
A mathematical structure for storing data in a way that is nearly impossible to fake
Which of the following is an application of block-chains:
A) Store personal client information
B) Performing secure transactions
C) Provide faster Fortnite connections
B) Performing secure transactions
What was blockchain developed for?
Bitcoin and cryptocurrency
How do blockchains relate to collaboration systems?
A) Both parties have access to the data
B) Both parties can work together to mine bitcoin
C) Blockchains are an unstructured collaboration system
A) Both parties have access to the data
True or false:
Blockchains are similar to other transaction methods in that a 3rd party is needed to oversee the process
False
Who mined the first bitcoin?
Satoshi Nakamoto
Which of following is correct?
A) Blockchains do not relate to BI, only collaboration systems
B) Blockchains are a form of a data warehouse
C) Blockchains do not support decision making
B) Blockchains are a form of a data warehouse
Which is correct:
A) Blockchains are criticized for their poor security
B) Blockchains operate via a single, centralized network
C) Blockchains provide tamper-proof transactions
C) Tamper-proof transactions
What year was blockchain created?
A) 2007
B) 2008
C) 2009
B) 2008
Who said: “The blockchain is a technology which is a good technology. We actually use it. It will be useful in a lot of different things.” ?
P L A C E Y O U R B E T S
Jamie Dimon, CEO of JP Morgan Chase