Which of the following is NOT a business benefit of Blockchain Technology?AEliminates fraudulent transactions.BReduces transaction costs as there is no need to pay third parties, such as banks.CLess traceability.DDecentralizes data for better security.SUBMIT

Discuss any two benefits and usecase of Blockchain enabled in cybersecurity? for 2 marks

Blockchain technology, with its decentralized and transparent nature, hasthe potential to:*1 pointIncrease the risk of fraud and financial corruptionFoster economic growth, reduce poverty, and promote sustainabilityLimit financial inclusion and make it more difficult to access financial servicesCreate a more centralized and controlled financial system

Which of the following is an advantage for a business from the growth of the internet?YOUR ANSWERYour AnswerIncreased taxes to be paid and regulations to adhere too.An increase in the need for marketing by a business to retain its market share.Lower prices for consumers and a greater range of products.Decreased costs of entry into new markets.

Which of the following is a characteristic of blockchain technology?Question 12Answera.Centralized control over the networkb.Unlimited scalabilityc.Lack of transparency in the transaction processd.Immutable ledger of transactions

What is the primary purpose of a blockchain in the context of cryptocurrencies?Question 11AnswerA.Enhancing user anonymityB.Reducing transaction feesC.Centralizing controlD.Facilitating decentralized and secure transactions