Science and Technology · Blockchain Technology
With reference to the applications and limitations of blockchain technology, consider the following statements: I. Blockchain-based systems can be utilised to maintain immutable records such as land titles and ownership registries. II. The technology facilitates enhanced transparency and traceability in supply chains, including sectors like pharmaceuticals. III. Blockchain necessarily requires a centralised authority for validation and storage of transactional data. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2I and III only
- 3II and III only
- 4I and II only✓
Correct answer
I and II only
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