Chapter C1 Flashcards

1
Q

True / False: Blockchain technology is widely discussed as a way to enhance the reliability of big data.

A

True.

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2
Q

Digital currency firms only need approval for changes that are proposed to…

A

an existing product, an existing service, an existing activity

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3
Q

Blockchain technology offers many new solutions to track…

A

ownership, origin, authenticity

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4
Q

Blockchain technology…

A

is being discussed as a way to enhance the reliability of big data,
looked at as a way to solve the trust issue involved in sharing data between two or more parties that don’t have aligned incentives,
offers many new solutions

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5
Q

KYC stands for…

A

Know Your Customer

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