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Consider the following statements regarding the BlockChain technology in banking and choose the incorrect statement.a)Block chain is centralized and digital ledger.b)Block chain is digital information stored on a public database.c)Block chain is used to store encrypted data.d)Block chain technology visions to solve multiple issues related to digital transactions such as data security, fraud prevention etc.Correct answer is option 'A'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Consider the following statements regarding the BlockChain technology in banking and choose the incorrect statement.a)Block chain is centralized and digital ledger.b)Block chain is digital information stored on a public database.c)Block chain is used to store encrypted data.d)Block chain technology visions to solve multiple issues related to digital transactions such as data security, fraud prevention etc.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the BlockChain technology in banking and choose the incorrect statement.a)Block chain is centralized and digital ledger.b)Block chain is digital information stored on a public database.c)Block chain is used to store encrypted data.d)Block chain technology visions to solve multiple issues related to digital transactions such as data security, fraud prevention etc.Correct answer is option 'A'. Can you explain this answer?.

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