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Read the information given below carefully and answer the following question.Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflictfree way while avoiding the services of a middleman. The best way to describe smart contracts is to compare the technology to a vending machine. Ordinarily, you would go to a lawyer or a notary, pay them, and wait while you get the document. With smart contracts, you simply drop a bitcoin into the vending machine (i.e. ledger), and your escrow, driver’s license, or whatever drops into your account. More so, smart contracts not only define the rules and penalties around an agreement in the same way that a traditional contract does, but also automatically enforce those obligations.Q.Which of the following is the most rational inference from the above passage?a)Vending machines need to be installed to generate smart contractsb)Smart contracts have several benefits over traditional contractsc)Use of middleman leads to conflict in the system which causes disputesd)Smart contracts is unsafe as it uses bitcoin which is unregulated by the governmentCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Read the information given below carefully and answer the following question.Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflictfree way while avoiding the services of a middleman. The best way to describe smart contracts is to compare the technology to a vending machine. Ordinarily, you would go to a lawyer or a notary, pay them, and wait while you get the document. With smart contracts, you simply drop a bitcoin into the vending machine (i.e. ledger), and your escrow, driver’s license, or whatever drops into your account. More so, smart contracts not only define the rules and penalties around an agreement in the same way that a traditional contract does, but also automatically enforce those obligations.Q.Which of the following is the most rational inference from the above passage?a)Vending machines need to be installed to generate smart contractsb)Smart contracts have several benefits over traditional contractsc)Use of middleman leads to conflict in the system which causes disputesd)Smart contracts is unsafe as it uses bitcoin which is unregulated by the governmentCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the information given below carefully and answer the following question.Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflictfree way while avoiding the services of a middleman. The best way to describe smart contracts is to compare the technology to a vending machine. Ordinarily, you would go to a lawyer or a notary, pay them, and wait while you get the document. With smart contracts, you simply drop a bitcoin into the vending machine (i.e. ledger), and your escrow, driver’s license, or whatever drops into your account. More so, smart contracts not only define the rules and penalties around an agreement in the same way that a traditional contract does, but also automatically enforce those obligations.Q.Which of the following is the most rational inference from the above passage?a)Vending machines need to be installed to generate smart contractsb)Smart contracts have several benefits over traditional contractsc)Use of middleman leads to conflict in the system which causes disputesd)Smart contracts is unsafe as it uses bitcoin which is unregulated by the governmentCorrect answer is option 'B'. Can you explain this answer?.

Solutions for Read the information given below carefully and answer the following question.Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflictfree way while avoiding the services of a middleman. The best way to describe smart contracts is to compare the technology to a vending machine. Ordinarily, you would go to a lawyer or a notary, pay them, and wait while you get the document. With smart contracts, you simply drop a bitcoin into the vending machine (i.e. ledger), and your escrow, driver’s license, or whatever drops into your account. More so, smart contracts not only define the rules and penalties around an agreement in the same way that a traditional contract does, but also automatically enforce those obligations.Q.Which of the following is the most rational inference from the above passage?a)Vending machines need to be installed to generate smart contractsb)Smart contracts have several benefits over traditional contractsc)Use of middleman leads to conflict in the system which causes disputesd)Smart contracts is unsafe as it uses bitcoin which is unregulated by the governmentCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Read the information given below carefully and answer the following question.Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflictfree way while avoiding the services of a middleman. The best way to describe smart contracts is to compare the technology to a vending machine. Ordinarily, you would go to a lawyer or a notary, pay them, and wait while you get the document. With smart contracts, you simply drop a bitcoin into the vending machine (i.e. ledger), and your escrow, driver’s license, or whatever drops into your account. More so, smart contracts not only define the rules and penalties around an agreement in the same way that a traditional contract does, but also automatically enforce those obligations.Q.Which of the following is the most rational inference from the above passage?a)Vending machines need to be installed to generate smart contractsb)Smart contracts have several benefits over traditional contractsc)Use of middleman leads to conflict in the system which causes disputesd)Smart contracts is unsafe as it uses bitcoin which is unregulated by the governmentCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the information given below carefully and answer the following question.Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflictfree way while avoiding the services of a middleman. The best way to describe smart contracts is to compare the technology to a vending machine. Ordinarily, you would go to a lawyer or a notary, pay them, and wait while you get the document. With smart contracts, you simply drop a bitcoin into the vending machine (i.e. ledger), and your escrow, driver’s license, or whatever drops into your account. More so, smart contracts not only define the rules and penalties around an agreement in the same way that a traditional contract does, but also automatically enforce those obligations.Q.Which of the following is the most rational inference from the above passage?a)Vending machines need to be installed to generate smart contractsb)Smart contracts have several benefits over traditional contractsc)Use of middleman leads to conflict in the system which causes disputesd)Smart contracts is unsafe as it uses bitcoin which is unregulated by the governmentCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Read the information given below carefully and answer the following question.Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflictfree way while avoiding the services of a middleman. The best way to describe smart contracts is to compare the technology to a vending machine. Ordinarily, you would go to a lawyer or a notary, pay them, and wait while you get the document. With smart contracts, you simply drop a bitcoin into the vending machine (i.e. ledger), and your escrow, driver’s license, or whatever drops into your account. More so, smart contracts not only define the rules and penalties around an agreement in the same way that a traditional contract does, but also automatically enforce those obligations.Q.Which of the following is the most rational inference from the above passage?a)Vending machines need to be installed to generate smart contractsb)Smart contracts have several benefits over traditional contractsc)Use of middleman leads to conflict in the system which causes disputesd)Smart contracts is unsafe as it uses bitcoin which is unregulated by the governmentCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Read the information given below carefully and answer the following question.Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflictfree way while avoiding the services of a middleman. The best way to describe smart contracts is to compare the technology to a vending machine. Ordinarily, you would go to a lawyer or a notary, pay them, and wait while you get the document. With smart contracts, you simply drop a bitcoin into the vending machine (i.e. ledger), and your escrow, driver’s license, or whatever drops into your account. More so, smart contracts not only define the rules and penalties around an agreement in the same way that a traditional contract does, but also automatically enforce those obligations.Q.Which of the following is the most rational inference from the above passage?a)Vending machines need to be installed to generate smart contractsb)Smart contracts have several benefits over traditional contractsc)Use of middleman leads to conflict in the system which causes disputesd)Smart contracts is unsafe as it uses bitcoin which is unregulated by the governmentCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the information given below carefully and answer the following question.Smart contracts help you exchange money, property, shares, or anything of value in a transparent, conflictfree way while avoiding the services of a middleman. The best way to describe smart contracts is to compare the technology to a vending machine. Ordinarily, you would go to a lawyer or a notary, pay them, and wait while you get the document. With smart contracts, you simply drop a bitcoin into the vending machine (i.e. ledger), and your escrow, driver’s license, or whatever drops into your account. More so, smart contracts not only define the rules and penalties around an agreement in the same way that a traditional contract does, but also automatically enforce those obligations.Q.Which of the following is the most rational inference from the above passage?a)Vending machines need to be installed to generate smart contractsb)Smart contracts have several benefits over traditional contractsc)Use of middleman leads to conflict in the system which causes disputesd)Smart contracts is unsafe as it uses bitcoin which is unregulated by the governmentCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.