Banking · Blockchain and Emerging Banking Technologies
Which of the following statements are true regarding 'Blockchain Technology and Banking'? Statement I: Blockchain is a centralized, non-digital ledger that does not store information in blocks on a public database. Statement II: It securely stores encrypted data, and Artificial Intelligence (AI) plays a crucial role in enabling decision-making and analyzing the collected data. Statement III: While some argue that blockchain is solely advantageous for the cryptocurrency industry, this is not accurate. Statement IV: Blockchain technology has broader applications beyond cryptocurrencies.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, III, IV
- 2III and IV only
- 3II, III, IV✓
- 4I, II, III, IV
Correct answer
II, III, IV
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