Decentralized control is made possible through a distributed ledger technology, such as a _____, that serves as a public financial transaction database.

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Quizplus · Accepted Answer

A block chain is a distributed ledger technology that uses a network of computers to maintain a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block contains a timestamp and a link to the previous block, creating a chain of blocks that cannot be altered without consensus from the network. This technology has enabled decentralized control in various industries, particularly in finance, where it serves as a public financial transaction database. The other choices are not relevant to decentralized control or distributed ledger technology.

Decentralized Control Is Made Possible Through a Distributed Ledger Technology