Chapter 7 – Optimizing Blockchains with Naive Bayes
- Cryptocurrency is the only use of blockchains today. (Yes | No)
No. IBM HyperLedger, for example, uses blockchains to organize secure transactions in a supply chain environment.
- Mining blockchains can be lucrative. (Yes | No)
Yes. But it is a risk, like any other mining operation or any speculative endeavor. Some companies have huge resources to mine cryptocurrency, meaning that they can beat smaller competitors in creating a block.
- Blockchains for companies cannot be applied to sales. (Yes | No)
No. Blockchain cloud platforms provide smart contracts and a secure way of managing transactions during a sales process.
- Smart contracts for blockchains are more accessible to write than standard offline contracts. (Yes | No)
Yes, if they are standard contracts, this speeds the transaction up.
On the other hand, no. If the transaction is...
