Blockchain is a rapidly evolving phenomenon that is useful in recording which of the following types of transactions?
A)Multi-national transactions.
B)Digital currency transactions.
C)Transactions requiring a high level of authorization.
D)Related party transaction.

Question

Quizplus · Accepted Answer

Blockchain is commonly used to record digital currency transactions, such as Bitcoin. However, it can also be used for other types of transactions, such as supply chain management and voting records. Multi-national transactions and transactions requiring a high level of authorization could potentially utilize blockchain technology, but it is not limited to those types of transactions. Related party transactions are not typically recorded on a blockchain.

Blockchain Is a Rapidly Evolving Phenomenon That Is Useful in Recording