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Tree of Wisdom
Explainers
Quizzes
Podcast
Articles
Resources
About
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Quiz 1: Blockchain Basics
1. Blockchain is a database that is?
Distributed
Secure
Transparent
All of the above
2. Which of the following things can blockchain do?
Prove the infrastructure for web3, the internet of ownership and value
Increase transparency and transaction speeds
Reduce cost and risk for trade and moving assets
Streamline workflows by automating processes
Reduce cost and delays by replacing intermediaries
Drive economic inclusion by enabling anyone from anywhere in the world to participate
None of the Above
All of the above
3. Blockchain is a great tool for money laundering.
True
False
4. New York City is using blockchain for a microgrid project that enables New Yorkers to produce and share energy peer to peer.
True
False
5. Walmart is using blockchain to better track food supply chains so that poor quality or dangerous products can be traced back to source and terminated.
True
False
6. Farmers in emerging markets are using blockchain to create cooperatives to drive down the cost of credit and crop insurance.
True
False
7. UPS is using blockchain to better monitor their supply chain from booking to final delivery.
True
False
8. The State of Illinois is using blockchain to store birth, death, social security and voter registrations more securely.
True
False
9. A token can represent:
A unit of currency
A share in a company
A pair of shoes
A crate of oranges
An identity card
A right to purchase computing power
Any and all of the above - and pretty much anything else you can think of
10. What is the best approach to regulating tokens?
Treat them all the same
Treat them all as financial instruments
Treat them according to their essential nature and functions
Treat them as magical totems immune to regulation
11. What is the best approach to regulating blockchain?
Regulate the technology
Regulate it by sector and/or use case
Don't regulate it at all
Allow the code to do all the regulation