The Main Advantage of Blockchain Over Conventional Ways to Manage

question 44

Multiple Choice

The main advantage of blockchain over conventional ways to manage transactions across supply chain partners is:

• A)Unnecessary transactions are blocked from occurring.
• B)There is no need for a central authority to validate transactions.
• C)Blockchains are easy to construct.
• D)Legal documents are no longer required.

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Definitions:

Bonded

indicates a state of being secured by a bond, involving a financial guarantee or protection against losses.

Shirking

The act of avoiding or neglecting responsibilities, especially in the workplace, leading to reduced productivity or performance.

Incentive Contracts

Contracts that provide rewards for performance above a certain standard, encouraging higher levels of effort or achievement.

Monitoring

The process of supervising activities or individuals to ensure compliance, performance, or progress towards objectives.