Blockchain

Understanding Blockchain: Tokenisation and Smart Contracts Quiz

Test your knowledge on the exciting world of blockchain technology! This quiz covers essential concepts like tokenisation, smart contracts, and their applications in various industries.

10 engaging questions
Multiple-choice format
Learn while you play!

10 Questions2 MinutesCreated by ExploringChain237

What is tokenisation?

Process of creating tokens for business processes.

Process of exchanging non-sensitive data for sensitive data called "tokens".

Process of exchanging sensitive data for non-sensitive data called "tokens".

process of exchanging qurrancy for tokens to secure company's finances.

What is purpose of tokenisation?

increasing accuracy of information.

Increasing the size of the database.

Increasing the safety of data.

increasing the speed of information processing.

What can be used to represent final look of the product?

Utility tokens

Tokenisation

Metaverse

All of the above

Which maked it possible to pay in cryptocurrency?

Security tokens

Utility tokens

Payment tokens

All of the above

What is the right definition of smart contracts?

Smart contracts are programs stored on a blockchain that run when certain conditions are met.

Smart contracts are programs that run when certain conditions are met and are hard to attack

Smart contracts are programs, which can automate a workflow, they are stored on a blockchain that run when certain conditions are met

Programs that make business process easier

How smart contacts work technically?

Smart contacts are executed on a blockchain and each part can easily be changed

Smart contracts are a part of the code

Smart contracts are executed on blockchain, which means that the terms are stored in a distributed database and cannot be changed

Smart contracts are executed on blockchain, which means that the terms are stored in a distributed database and can be changed

Are smart contacts more efficient?

Depends on a part of the process, where they are used

Yes

Is it possible to change the algorithm of smart contracts without any costs?

Yes

By using blockhain technology for financial sector. A company can be assured of the __ of its money

Safety

Transparency

Utility

All of the above

Blockchain

Understanding Blockchain: Tokenisation and Smart Contracts Quiz

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