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Author Question: Which of the following is a key advantage of using blockchain to record transactions? (Read 130 times)

kaitlynndavis

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Question 1

Which of the following expenses is classified as accounts payable?
◦ Electricity charges
◦ Sales commissions
◦ Employee salaries
◦ Interest on bonds
◦ Loans from banks

Question 2

Which of the following is a key advantage of using blockchain to record transactions?
◦ Each central bank verifies the ledger.
◦ The ledger becomes public for all users to verify.
◦ Intermediaries are responsible for verifying transactions.
◦ No single entity can control the ledger.
◦ Permission to alter the ledger is difficult to obtain, ensuring greater accuracy.


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Marked as best answer by kaitlynndavis on May 9, 2022

marufp

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kaitlynndavis

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Reply 2 on: May 9, 2022
Great answer, keep it coming :)


tandmlomax84

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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