Blockchain - Tq topic answers

Q1) A software giant is enabling a city with smart parking, using real-time information captured by sensors on the vehicle and sensors in parking lots. When the vehicle leaves, data can be shared between the vehicle and parking system which will prompt a payment from the driver's payment device stored in their account. How would the use of blockchain to store this data help reduce potential risks?

a)     by creating a verified data record to a car's digital identity

b)     by storing large amounts of data without any delays

c)     by sharing data with law enforcement authorities when requested

d)     by easily monitoring traffic congestion in areas of the city

Q2) Tao is a Technology Architect at Accenture. Tao must present the value and strategy that Multi-party Systems bring to organizations. Which statement will help Tao articulate the value of the Multi-party Systems practice?

a)     Multi-party Systems practice encourages many disparate single client implementations of blockchain.

b)     Multi-party Systems practice advises, implements and operates multiclient businesses and ecosystems.

c)     Multi-party Systems practice helps keep value locked within organizations.

d)     Multi-party Systems practice enables the use of different versions of the same data across multiple organizations.

Q3)Accenture has put together a coalition of several ecosystem partners to implement the principles of blockchain and Multi-party Systems using varying technologies. One group of partners is referred to as MAAG. Which companies are included in the MAAG group?

a)     Morgan Stanley, Apple, Anheuser Busch, General Motors

b)     Mitsubishi, Agricultural Bank of China, Apple, Goldman Sachs

c)     MetLife, American Express, Alphabet Inc., General Electric

d)     Microsoft, Amazon, Alibaba, Google

Q4) Blockchain is often associated with Bitcoin and the financial services industry. However, it is applicable to almost every industry. The term Multi-party Systems better describes how the blockchain system is used. What is a benefit of a Multi-party System?

a)     The system now owns the data and can share it as needed.

b)     Organizations who participate must share data from the same location.

c)     It can help businesses unlock the trapped value of their data.

d)     More employees can be hired to process the data.

Q5) Accenture has over 50 innovation centres and labs performing blockchain and Multi-party Systems work, and has focused on creating new business models for our clients. How many clients has Accenture engaged globally on blockchain?

a)     less than 100

b)     between 191 and 270

c)     between 100 and 190

d)     more than 270

Q6) What type of transaction cannot be stored in blocks on a blockchain?

a)     a transaction that issues a degree to Mary Wilson from Purdue University in Electrical Engineering

b)     a transaction that assigns copyright ownership to a song

c)     all types of transactions can be stored in blocks on a blockchain

d)     a transaction that issues token for a carton of milk from Beach Farm in Wisconsin

Q7) What is the difference between encryption and hashing?

a)     Encryption is reversible, while hashing is not.

b)     Hashing is reversible, while encryption is not.

c)     Encryption requires less information to begin the process than hashing.

d)     Hashing requires less information to begin the process than encryption.

Q8) A company wishes to begin the process of implementing a Multi-party System and is looking for other companies with similar interests to join them. With blockchain, every organization sees the same data. What does this provide?

a)     uniqueness

b)     intent

c)     ownership

d)     trust

Q9) Which statement is true about blockchain?

a)     Blockchain always requires a central authority as an intermediary.

b)     Blockchain encourages trust among all peers.

c)     Blockchain guarantees the accuracy of the data.

d)     Blockchain enables users to verify that data tampering has not occurred.

Q10) What is true about hashing?

a)     Hashing is when the original data gets larger and larger.

b)     Hashing is repeatable and is dependent upon the original data.

c)     Hashing is reversible.

d)     Hashing is equivalent to encryption.

Q11) Accenture's Multi-party Systems practice has three areas of focus. Two of these are Financial Services and Supply Chain. Which is the third area of focus?

a)     Automotive

b)     Identity

c)     Products

d)     Utilities

Q12) What is the core domain for Accenture's Multi-party Systems practice?

a)     digital identity

b)     social networking

c)     marketing responsiveness

d)     employee retention

Q13) In a blockchain, which functionality would prevent a previous block from being modified?

a)     smart contracts

b)     consensus mechanism

c)     encryption

d)     cryptographic hashing

Q14) How does blockchain technology help organizations when sharing data?

a)     Data can be edited or removed only through certain authorized central nodes.

b)     Data can only be exchanged through a central, trusted organization.

c)     Everyone has transparency over how the data has been added.

d)     Data can be processed or viewed at only one node in the chain at any given time.

Q15) There is a dispute between the multiple parties storing financial transaction data on a blockchain over the validity of a transaction which happened over a year ago. Which information would help the disputing parties verify if the data on the blockchain has been tampered with?

a)     the original hash values

b)     the parties involved

c)     the exact amount of the transaction

d)     the date and time of the transaction

Q16) Blockchain maintains and records data and transactions in a new type of database system. This technology is used across organizations in an ecosystem and allows products' histories to be captured as they move to the consumer. How might this technology help inter organization processes?

a)     by decreasing the likelihood of record tampering

b)     by limiting data sharing only to a single party

c)     by increasing mediators between transaction partners

d)     by creating an agile and dynamic database

Q17) An e-commerce company is collaborating with artisans from all over the world to sell the artisans' products. Accenture is helping this client build a platform that will maintain the integrity of the artisan's credentials by creating digital identities for them. This creates a privacy preserving link between the products and the artisans' unique identities. How will these digital identities help these artisans?

a)     allow them to interact with the e-commerce company and get details of the buyer so they can target to a specific audience

b)     connect them with the customers, enhance their marketing, and build their client base

c)     individually recognize and reward them for using methods and materials that align with buyers' values such as sustainability and labour practices

d)     link them with the banks to prove credit-worthiness and inform them of loan options

Q18) How can a blockchain be used to manage sharing of personal records?

a)     by mandating that each individual participant enters a smart contract

b)     by storing consent and revocations to access the off-chain records

c)     by requiring a proof-of-work for access

d)     by creating a consensus mechanism for entering data

Q19) Shipping vast quantities of oil and gas supplies is a complex process that requires the participation of many different parties. Any delays in shipping, or possibility of fraud, across the entire supply chain could cost the industry billions of dollars. How could blockchain technology be applied to address this problem?

a)     by creating a hash or digital fingerprint that is added to the blockchain for each document to identify any subsequent changes that have been made

b)     by eliminating the need for companies to invest in Application Programming Interfaces (APIs) or Service Level Agreements (SLAs)

c)     by gathering data on weather patterns and selecting the best shipping routes to reduce shipping delays

d)     by creating a freely accessible public record for documents and shipping events

Q20) What is the predefined business logic within a blockchain called?

a)     mobile contracts

b)     hashing

c)     encrypting

d)     smart contracts

Q21) What is the core domain for Accenture's Multi-party Systems practice?

a)     social networking

b)     marketing responsiveness

c)     employee retention

d)     digital identity

Q22) A coffee producer wants to demonstrate that their products are produced using environmentally sustainable practices that respect the planet. How does the implementation of blockchain technology help to achieve the client's goal?

a)     by providing traceability of products

b)     by eliminating the need for smart contracts

c)     by ensuring known-traveller digital identity

d)     by providing anonymity for each producer

Q23) How is blockchain different from traditional database models?

a)     Blockchain increases innovation; however, it decreases productivity and quality.

b)     Blockchain prohibits transparency by redefining the fundamental nature of business ecosystems and business flows.

c)     Blockchain can lead to increased transparency and trust in data, ultimately driving more innovation, improved productivity, and quality.

d)     Blockchain provides multiple versions of the data that can be kept by individual entities.

Q24) Which model describes how data is written to a blockchain?

a)     full read and write

b)     rewrite always

c)     append only

d)     append never

Q25) What is a focus of Accenture's point of view on blockchain in the marketplace?

a)     setting up clients to use bitcoin for their internal company transactions

b)     helping clients with data sharing and reducing data reconciliation, enabling better collaboration

c)     enabling clients to store all their data, documents, and employee information on blockchain

d)     accumulating the most data from wherever possible and building a comprehensive data lake

Q26) What is an advantage of using blockchain technology?

a)     The data and transactions recorded are decentralized and distributed among participants in the network.

b)     All transactions are approved by a single and impartial third party or authority.

c)     None of the participants are notified when changes are made to data stored in previous blocks.

d)     The system creates a hash or digital fingerprint for each participant in the blockchain.