Blockchain Overcomes the Need for a Trusted Third Party and Verifies

question 65

True/False

Blockchain overcomes the need for a trusted third party and verifies records by maintaining data on a distributed database that is public and difficult to hack.

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Definitions:

Bureaucracy

An administrative framework marked by rigid rules, methods, and a clear chain of command, typically found in sizable institutions or governmental bodies.

Reliability and Stringency

Concepts relating to the consistency of a measure (reliability) and the strictness or rigor of procedures or criteria (stringency).

Discipline

The practice of training people to obey rules or a code of behavior, using punishment to correct disobedience.

Clear Division of Labour

Refers to the specific allocation of work tasks or responsibilities among individuals or groups in an organization to improve efficiency and productivity.