blockchain
Blockchain can alleviate which of the following problems?
Reliance on intermediaries, such as financial institutions separate ledgers for each participant tracking the provenance of goods allowing for records to be modified if entered incoorectly
Which of the following are benefits of Blockchain as it relates to the food supply chain
allows traceability allows transparency
Some benefits of Blockchain include (choose all that apply)
allows transactions without 'middlemen' helps us lower uncertainty about others so we can exchange value provides a private registry of who owns what
transparency in food supply chains using blockchain provides
an entire interconnected view where and when it was produced how it was produced
Blockchain utilizes
cryptographically linked records
Blockchain allows human economic activity to be collateralized and semi-automated.
false
Blockchain utilizes the concept of 'consensus' which basically means that the transaction must be approved by at least a few other blockchain participants.
false
Even when Blockchain is fully implemented we will not quite be able to have a customer scan a code on a package and know where it came from
false
Nodes across the network need to know each other and trust each other. They cannot monitor and validate the chain for themselves .
false
One of the benefits of Blockchain is the centralized control which it incorporates
false
Blockchain allows us to write code that creates binding contracts and guarantee the contracts will bear out without a third party enforcer.
true
Blockchain creates a shared reality across non-trusting entities
true
Blockchain is a digital ledger in which transactions made and recorded chronologically and publicly.
true
Blockchain is really just a distributed, digital ledger which can be used for exchange, agreements & contracts, tracking and payment.
true
Blockchain would allow food traceability within minutes or less rather than a week or more as it does now.
true
Blockchains allow for transfer of funds without the use of traditional financial institutions
true
Blockchain includes which of the following benefits/advantages (choose all that apply)
uses chained hash values allows for changes to records uses cryptographic keys
