Accenture TQ Blockchain Assessment Questions and Answers

Accenture TQ Blockchain Assessment Questions and Answers

Q. What is the predefined business logic within a blockchain called?

Ans: smart contracts

Q.A reputable, world-renowned auction house uses blockchain to verify the authenticity of paintings prior to placing them up for sale. The records that are stored on the various distributed ledgers for each painting include the artist’s credentials, history of ownership, appraisal values, and previous purchase price. Paula would like to make an offer on a painting. After reviewing the distributed ledgers for the painting, why can Paula purchase the painting with confidence?

Ans: the ledgers are secure, shared, and incorruptible

Q. Company IT Company A ‘s Multi-party Systems practice has three areas of focus. Two of these are Financial Services and Supply Chain. Which is the third area of focus?

Ans: Identity

Accenture TQ Data Assessment Questions and Answers

Q.A company wishes to begin the process of implementing a Multi-party System and is looking for other companies with similar interests to join them. With blockchain, every organization sees the same data. What does this provide?

Ans: Uniqueness

Q. There is a dispute between the multiple parties storing financial transaction data on a blockchain over the validity of a transaction which happened over a year ago. Which information would help the disputing parties verify if the data on the blockchain has been tampered with?

Ans: the original hash value

Q. Company A is a founding member of ID 2020. What is the focus of this alliance?

Ans: digital identity

Q. How can a blockchain be used to manage sharing of personal records?

Ans: by storing consent and revocations to access the off-chain records

Q. What is the difference between encryption and hashing?

Ans: Encryption is reversible, while hashing is not.

Q. How could the adoption of blockchain within a supply chain help the world become more sustainable and, in some cases, eco-friendly?

Ans: Consumers will be able to effectively track where the components of their product were sourced.

Q. What is an advantage of using blockchain technology?

Verified Ans: There is almost no opportunity for biased, inaccurate, or altered data to get into the systems.

Q. What is IT Company A’s role in Multi-party Systems?

Verified Ans: helping ecosystems re-imagine their processes to unlock value

Q. Which model describes how data is written to a blockchain?

Verified Ans: Append only

Q. An e-commerce company is collaborating with artisans from all over the world to sell the artisans’ products. Company A is helping this client build a platform that will maintain the integrity of the artisan’s credentials by creating digital identities for them. This creates a privacy preserving link between the products and the artisans’ unique identities. How will these digital identities help these artisans?

Ans: individually recognize and reward them for using methods and materials that align with buyers’ values such as sustainability and labor practices

Q. What is a focus of Company A’s point of view on blockchain in the marketplace?

Ans: helping clients with data sharing and reducing data reconciliation, enabling better collaboration

Q. Tao is a Technology Architect at Company A. Tao must present the value and strategy that Multi-party Systems bring to organizations. Which statement will help Tao articulate the value of the Multi-party Systems practice?

Ans: Multi-party Systems practice encourages many disparate single client implementations of blockchain.

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