In Which of the Following Situations Would Blockchain Add Value

question 1

Multiple Choice

In which of the following situations would blockchain add value?

• A)Multiple parties that do not trust each other want to collaborate.
• B)Management would like to automate routine tasks.
• C)A prediction on weather related losses is needed.
• D)Contracts need to be reviewed for revenue recognition.

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Definitions:

Normative Statement

An opinion or judgment that reflects what one believes ought to be, as opposed to what actually is; it cannot be proven true or false.

Positive Statement

An objective statement based on factual information and evidence, which can be tested and verified as true or false.

Production Possibilities Frontier

A graph that illustrates the highest possible production levels of two products, based on available resources and technological capabilities.

Scarcity

A basic economic challenge where human desires appear endless but the resources available are finite.