What Is the Focus or Primary Goal of a Private

question 43

Multiple Choice

What is the focus or primary goal of a private Blockchain? Select all that apply.

• A) To provide anonymity in business
• B) To save money by eliminating intermediaries
• C) To create a distributed database that allows for CRUD
• D) To provide transparency and trust for business while remaining secure

---

Definitions:

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

Representation Bias

Representation bias refers to the cognitive bias where individuals inaccurately assess the probability of an event based on the ease with which examples come to mind, often due to how frequently they are portrayed or mentioned.

Creativity

The ability to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating with others, and entertaining ourselves and others.

Novel Idea

A new, original, or innovative concept that has not been thought of before.