1. 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.
2. Mining blockchains can be lucrative. (Yes | No)
Yes. But it is a risk, like any other mining operation. Some companies have huge resources to mine cryptocurrency, meaning that they can beat smaller competitors to creating a block.
3. Using blockchains for companies cannot be applied to sales. (Yes | No)
No. False. Blockchain cloud platforms provide smart contracts and a secure way of managing transactions during a sales process.
4. 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.
No. If the transaction is complex and requires...
