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A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.
After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.
The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into the Internet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.
Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.
Q. Blockchain is useful in the implementation of Internet of Things (IoT) in which of the following ways?
- a)It creates a database for IoT devices.
- b)It provides additional security to data stored by IoT devices.
- c)It does not help the IoT devices in the exchange of data.
- d)It provides an interface for IoT device interaction
Correct answer is option 'B'. Can you explain this answer?
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A passage is given with 5 questions following it. Read the passage car...
It has been clearly pointed out in the passage that security is beefed up by implementing bockchain in IoT transactions. Blockchain protects IoT data from getting tampered.
Option 2 is the only option that talks about data security, hence it is the correct answer.
Option 2 is the only option that talks about data security, hence it is the correct answer.
Most Upvoted Answer
A passage is given with 5 questions following it. Read the passage car...
Blockchain provides additional security to data stored by IoT devices
Blockchain technology plays a crucial role in ensuring the security and integrity of data stored and exchanged by Internet of Things (IoT) devices. Below are the key points explaining how blockchain provides additional security to data stored by IoT devices:
- **Decentralized Storage**:
- Blockchain decentralizes information without it being copied, ensuring that data stored by IoT devices is not vulnerable to a single point of failure or tampering.
- **Shared Database**:
- Information on blockchain is stored on a shared database that can be accessed in real-time, allowing IoT devices to securely exchange data without the need for a central authority.
- **Cloud Storage**:
- The data stored on blockchain is on the cloud, making it easy to store unlimited data from IoT devices while ensuring that it remains secure and accessible.
- **Security against Data Tampering**:
- Blockchain technology provides a shield against data tampering by labeling each block of data, ensuring the integrity and authenticity of the information exchanged by IoT devices.
- **Addressing Security Risks**:
- Experts have highlighted that blockchain could potentially address security risks to IoT devices, such as data tampering and unauthorized access, by providing a secure and transparent platform for data exchange.
By leveraging blockchain technology, IoT devices can securely store, exchange, and manage data, thereby enhancing the overall security and efficiency of IoT networks.
Blockchain technology plays a crucial role in ensuring the security and integrity of data stored and exchanged by Internet of Things (IoT) devices. Below are the key points explaining how blockchain provides additional security to data stored by IoT devices:
- **Decentralized Storage**:
- Blockchain decentralizes information without it being copied, ensuring that data stored by IoT devices is not vulnerable to a single point of failure or tampering.
- **Shared Database**:
- Information on blockchain is stored on a shared database that can be accessed in real-time, allowing IoT devices to securely exchange data without the need for a central authority.
- **Cloud Storage**:
- The data stored on blockchain is on the cloud, making it easy to store unlimited data from IoT devices while ensuring that it remains secure and accessible.
- **Security against Data Tampering**:
- Blockchain technology provides a shield against data tampering by labeling each block of data, ensuring the integrity and authenticity of the information exchanged by IoT devices.
- **Addressing Security Risks**:
- Experts have highlighted that blockchain could potentially address security risks to IoT devices, such as data tampering and unauthorized access, by providing a secure and transparent platform for data exchange.
By leveraging blockchain technology, IoT devices can securely store, exchange, and manage data, thereby enhancing the overall security and efficiency of IoT networks.
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A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into theInternet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.Q. Blockchain is useful in the implementation of Internet of Things (IoT) in which of the following ways?a)It creates a database for IoT devices.b)It provides additional security to data stored by IoT devices.c)It does not help the IoT devices in the exchange of data.d)It provides an interface for IoT device interactionCorrect answer is option 'B'. Can you explain this answer?
Question Description
A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into theInternet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.Q. Blockchain is useful in the implementation of Internet of Things (IoT) in which of the following ways?a)It creates a database for IoT devices.b)It provides additional security to data stored by IoT devices.c)It does not help the IoT devices in the exchange of data.d)It provides an interface for IoT device interactionCorrect answer is option 'B'. Can you explain this answer? for SSC 2024 is part of SSC preparation. The Question and answers have been prepared according to the SSC exam syllabus. Information about A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into theInternet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.Q. Blockchain is useful in the implementation of Internet of Things (IoT) in which of the following ways?a)It creates a database for IoT devices.b)It provides additional security to data stored by IoT devices.c)It does not help the IoT devices in the exchange of data.d)It provides an interface for IoT device interactionCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for SSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into theInternet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.Q. Blockchain is useful in the implementation of Internet of Things (IoT) in which of the following ways?a)It creates a database for IoT devices.b)It provides additional security to data stored by IoT devices.c)It does not help the IoT devices in the exchange of data.d)It provides an interface for IoT device interactionCorrect answer is option 'B'. Can you explain this answer?.
A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into theInternet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.Q. Blockchain is useful in the implementation of Internet of Things (IoT) in which of the following ways?a)It creates a database for IoT devices.b)It provides additional security to data stored by IoT devices.c)It does not help the IoT devices in the exchange of data.d)It provides an interface for IoT device interactionCorrect answer is option 'B'. Can you explain this answer? for SSC 2024 is part of SSC preparation. The Question and answers have been prepared according to the SSC exam syllabus. Information about A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into theInternet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.Q. Blockchain is useful in the implementation of Internet of Things (IoT) in which of the following ways?a)It creates a database for IoT devices.b)It provides additional security to data stored by IoT devices.c)It does not help the IoT devices in the exchange of data.d)It provides an interface for IoT device interactionCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for SSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into theInternet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.Q. Blockchain is useful in the implementation of Internet of Things (IoT) in which of the following ways?a)It creates a database for IoT devices.b)It provides additional security to data stored by IoT devices.c)It does not help the IoT devices in the exchange of data.d)It provides an interface for IoT device interactionCorrect answer is option 'B'. Can you explain this answer?.
Solutions for A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into theInternet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.Q. Blockchain is useful in the implementation of Internet of Things (IoT) in which of the following ways?a)It creates a database for IoT devices.b)It provides additional security to data stored by IoT devices.c)It does not help the IoT devices in the exchange of data.d)It provides an interface for IoT device interactionCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for SSC.
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Here you can find the meaning of A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into theInternet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.Q. Blockchain is useful in the implementation of Internet of Things (IoT) in which of the following ways?a)It creates a database for IoT devices.b)It provides additional security to data stored by IoT devices.c)It does not help the IoT devices in the exchange of data.d)It provides an interface for IoT device interactionCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into theInternet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.Q. Blockchain is useful in the implementation of Internet of Things (IoT) in which of the following ways?a)It creates a database for IoT devices.b)It provides additional security to data stored by IoT devices.c)It does not help the IoT devices in the exchange of data.d)It provides an interface for IoT device interactionCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into theInternet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.Q. Blockchain is useful in the implementation of Internet of Things (IoT) in which of the following ways?a)It creates a database for IoT devices.b)It provides additional security to data stored by IoT devices.c)It does not help the IoT devices in the exchange of data.d)It provides an interface for IoT device interactionCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into theInternet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.Q. Blockchain is useful in the implementation of Internet of Things (IoT) in which of the following ways?a)It creates a database for IoT devices.b)It provides additional security to data stored by IoT devices.c)It does not help the IoT devices in the exchange of data.d)It provides an interface for IoT device interactionCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.After disrupting the telecom sector with its free offers and hyper-competitive tariffs, Reliance Jio Infocomm Ltd plans to create its own cryptocurrency, JioCoin.In the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics.The blockchain is a digital ledger for storing data including, but not limited to, financial transactions. In simple terms, blockchain decentralizes information without it being copied. The information is held on blockchain through a shared database which can be accessed on a real-time basis. This database is not stored on physical servers but on the cloud, which makes it easy to store unlimited data.The most popular application of the technology has undoubtedly been cryptocurrency. Reliance Jio also aspires to get into theInternet of Things (IoT). Blockchain technology would come in handy there too. IoT is a network of devices such as smartphones, wearable devices, home appliances and vehicles, connected to the internet, which enables these objects to connect and exchange data. Experts have also pointed out that blockchain could potentially address security risks to IoT as it provides a shield against data tampering by labeling each block of data.Significantly, the Indian government has cautioned against cryptocurrencies, stating that virtual currencies were not backed by assets and posed risks such as money laundering. Bitcoin and other cryptocurrencies have come under the scanner of governments across the world as their soaring prices attracted speculators and unsophisticated retail investors in droves.Q. Blockchain is useful in the implementation of Internet of Things (IoT) in which of the following ways?a)It creates a database for IoT devices.b)It provides additional security to data stored by IoT devices.c)It does not help the IoT devices in the exchange of data.d)It provides an interface for IoT device interactionCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice SSC tests.
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