IBM BLOCKCHAIN EXAM 2024/2025
What does the "finality" quality of service provide to blockchain?
a. Agreement that a transaction occurred
b. History of transactions
c. An append-only data structure
d. Transactions cannot be backed out - Precise Answer ✔✔d.
Transactions cannot be backed out
Which of the following facts about assets is true?
a. Assets are anything that is capable of being owned or controlled to
produce value
b. Assets are always tangible
c. Cash is not considered an asset, because it is anonymous
d. The value of an asset cannot change over the course of its lifecycle -
Precise Answer ✔✔a. Assets are anything that is capable of being
owned or controlled to produce value
Which of the following blockchain use cases is an example of an Asset
Exchange pattern?
a. Transfer of high value assets between many participants
b. Sharing of assets (voting, dividend notification)
c. Sharing of key reference data
,d. Real-time view of compliance, audit & risk data - Precise
Answer ✔✔b. Sharing of assets (voting, dividend notification)
Which phrase best describes blockchain?
a. Shared replicated ledger
b. Proof of Work
c. Inefficient, Expensive, Vulnerable
d. Peer-to-peer electronic cash system - Precise Answer ✔✔a. Shared
replicated ledger
Which of the following facts about ledgers is true?
a. Businesses are required to have exactly one ledger
b. Ledgers are used for reporting of cash only
c. Ledgers are logs of transactions
d. All of these facts are true - Precise Answer ✔✔c. Ledgers are logs of
transactions
Which of the following blockchain use cases is an example of a High
Value Market pattern?
a. Transfer of high value assets between many participants
b. Sharing of assets (voting, dividend notification)
c. Sharing of key reference data
d. Real-time view of compliance, audit & risk data - Precise
Answer ✔✔a. Transfer of high value assets between many participants
, Bitcoin cryptocurrency is a peer-to-peer "electronic cash system" that is
not for other types of assets. What factors make Bitcoin unsuitable as a
blockchain for business?
a. Requirements surrounding identity
b. Transaction privacy and confidentiality
c. Timely confirmation of transactions
d. All of the above - Precise Answer ✔✔d. All of the above
In a traditional Blockchain example, Each participant keeps their own
ledger(s) which are updated to represent business transactions as they
occur.
a. True
b. False - Precise Answer ✔✔a. True
Which of the following statement is true about Bitcoin?
a. Combination of Ledger and Asset
b. Not associated with Ledger
c. Assets can be anything of value
d. All of the above - Precise Answer ✔✔a. Combination of Ledger and
Asset
Endorsement is the process by which the network verifies a transaction.
Which statement is true with blockchain endorsement?
a. It is a low cost process in public blockchains without identity
What does the "finality" quality of service provide to blockchain?
a. Agreement that a transaction occurred
b. History of transactions
c. An append-only data structure
d. Transactions cannot be backed out - Precise Answer ✔✔d.
Transactions cannot be backed out
Which of the following facts about assets is true?
a. Assets are anything that is capable of being owned or controlled to
produce value
b. Assets are always tangible
c. Cash is not considered an asset, because it is anonymous
d. The value of an asset cannot change over the course of its lifecycle -
Precise Answer ✔✔a. Assets are anything that is capable of being
owned or controlled to produce value
Which of the following blockchain use cases is an example of an Asset
Exchange pattern?
a. Transfer of high value assets between many participants
b. Sharing of assets (voting, dividend notification)
c. Sharing of key reference data
,d. Real-time view of compliance, audit & risk data - Precise
Answer ✔✔b. Sharing of assets (voting, dividend notification)
Which phrase best describes blockchain?
a. Shared replicated ledger
b. Proof of Work
c. Inefficient, Expensive, Vulnerable
d. Peer-to-peer electronic cash system - Precise Answer ✔✔a. Shared
replicated ledger
Which of the following facts about ledgers is true?
a. Businesses are required to have exactly one ledger
b. Ledgers are used for reporting of cash only
c. Ledgers are logs of transactions
d. All of these facts are true - Precise Answer ✔✔c. Ledgers are logs of
transactions
Which of the following blockchain use cases is an example of a High
Value Market pattern?
a. Transfer of high value assets between many participants
b. Sharing of assets (voting, dividend notification)
c. Sharing of key reference data
d. Real-time view of compliance, audit & risk data - Precise
Answer ✔✔a. Transfer of high value assets between many participants
, Bitcoin cryptocurrency is a peer-to-peer "electronic cash system" that is
not for other types of assets. What factors make Bitcoin unsuitable as a
blockchain for business?
a. Requirements surrounding identity
b. Transaction privacy and confidentiality
c. Timely confirmation of transactions
d. All of the above - Precise Answer ✔✔d. All of the above
In a traditional Blockchain example, Each participant keeps their own
ledger(s) which are updated to represent business transactions as they
occur.
a. True
b. False - Precise Answer ✔✔a. True
Which of the following statement is true about Bitcoin?
a. Combination of Ledger and Asset
b. Not associated with Ledger
c. Assets can be anything of value
d. All of the above - Precise Answer ✔✔a. Combination of Ledger and
Asset
Endorsement is the process by which the network verifies a transaction.
Which statement is true with blockchain endorsement?
a. It is a low cost process in public blockchains without identity
