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Which of the following statements is false?
- a)Blockchain captures a record of every committed transaction in chronological order
- b)Blockchain adds a cognitive analytics capability to the asset supply chain
- c)Blockchain provides a smart contract feature that can be used to model assets of any description
- d)Blockchain can help provide provenance for an asset
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Which of the following statements is false?a)Blockchain captures a rec...
False Statement: Blockchain adds a cognitive analytics capability to the asset supply chain.
Explanation:
Blockchain technology has several features that make it a valuable tool for asset management and supply chain management. Some of the key features of blockchain technology include:
1. Distributed Ledger: Blockchain captures a record of every committed transaction in chronological order. This distributed ledger ensures that all participants in the network have access to the same information and can verify the authenticity of transactions.
2. Smart Contracts: Blockchain provides a smart contract feature that can be used to model assets of any description. Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code.
3. Provenance: Blockchain can help provide provenance for an asset by capturing the history of its ownership and movement throughout the supply chain. This can help ensure that assets are authentic and not counterfeit.
However, the statement that blockchain adds a cognitive analytics capability to the asset supply chain is false. While blockchain technology can capture data that can be used for analytics, it does not provide any cognitive capabilities on its own. To add cognitive analytics capabilities to the asset supply chain, additional tools and technologies would need to be integrated with the blockchain platform.
Explanation:
Blockchain technology has several features that make it a valuable tool for asset management and supply chain management. Some of the key features of blockchain technology include:
1. Distributed Ledger: Blockchain captures a record of every committed transaction in chronological order. This distributed ledger ensures that all participants in the network have access to the same information and can verify the authenticity of transactions.
2. Smart Contracts: Blockchain provides a smart contract feature that can be used to model assets of any description. Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code.
3. Provenance: Blockchain can help provide provenance for an asset by capturing the history of its ownership and movement throughout the supply chain. This can help ensure that assets are authentic and not counterfeit.
However, the statement that blockchain adds a cognitive analytics capability to the asset supply chain is false. While blockchain technology can capture data that can be used for analytics, it does not provide any cognitive capabilities on its own. To add cognitive analytics capabilities to the asset supply chain, additional tools and technologies would need to be integrated with the blockchain platform.
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Which of the following statements is false?a)Blockchain captures a rec...
B
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Which of the following statements is false?a)Blockchain captures a record of every committed transaction in chronological orderb)Blockchain adds a cognitive analytics capability to the asset supply chainc)Blockchain provides a smart contract feature that can be used to model assets of any descriptiond)Blockchain can help provide provenance for an assetCorrect answer is option 'B'. Can you explain this answer?
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