Chapter C3

Question 1

While open blockchains are similar to the internet concept, private consortium blockchains are similar to the _______ concept.

Answer 1

intranet

Question 2

A private _________ blockchain can be joined only by registered participants.

Answer 2

consortium

Question 3

In an open or _______ blockchain, anyone can join the network.

Answer 3

public

Question 4

True / False: Blockchain is a technology.

Answer 4

True.

Question 5

The expected effects of the Cardossier approach on the used car market are:

Answer 5

improvement of market value, benefits for both buyers and sellers, generation of profit

Question 6

Managing the life cycle of a car with blockchain technology means…

Answer 6

collecting all relevant information along the life cycle of a car,
creating transparent, trustworthy and verified car history reports,
allowing secure and reliable data exchange and ownership

Question 7

True / False: The Cardossier offers shared operational efficiency, enabling the automation of cross-company processes.

Answer 7

True.

Question 8

True / False: Blockchain is the same as a cryptocurrency.

Answer 8

False.

Question 9

The value proposition of the Car Dossier includes…

Answer 9

Transparency, Trust by design, Shared Governance

Question 10

True / False: Open Public Blockchains are similar to the “Intranet” concept.

Answer 10

False.