1) (MORE THAN 1 CORRECT ANSWER IS ALSO POSSIBLE)

How does the blockchain model for business differ from bitcoin?

A) The blockchain based business model uses the append-only system for storing record whereas bitcoin uses the update-only system.

B) The blockchain based business model provides user-specific accessibility and data security whereas bitcoin only supports the later part.

C) Anyone can join the bitcoin network, but only permissioned entities join the enterprise network.

2) (MORE THAN 1 CORRECT ANSWER IS ALSO POSSIBLE)

Suppose, you are planning to integrate your companys business processes with a blockchain-based platform. What are key benefits you would highlight to your business for why a blockchain-based system will be useful?

A) The model is used internally to the company so it doesnt have any risk of fraud.

B) Blockchain helps automate process and interactions with other businesses, thereby reducing time for operations.

C) It helps eliminate or reduce the cost of intermediaries.

3) (ONLY 1 CORRECT ANSWER IS POSSIBLE)

You are planning to deploy a blockchain solution for your company. For deciding the proper business logic and the transaction format, you need:

A) Blockchain Architect

B) Blockchain Developer

C) Blockchain Network Operator

D) Blockchain User

4) (ONLY 1 CORRECT ANSWER IS POSSIBLE)

The data structure World state is used for storing:

A) the output of all the transactions

B) the most recent version of the state operated on by transactions

C) all the information of the recent transactions

D) all the information of the transactions