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BCS EXIN Essentials Certificate in Blockchain
A logistics analyst reviews a supply chain deployment and describes blockchain as 'a distributed ledger technology' that maintains a record of transactions. According to the source material, which characteristic of the blockchain platform ensures that a stored shipment record cannot later be tampered with?
Explanation
Once added to the platform, information cannot be deleted or changed.
A financial regulator is contrasting two forms of DLT network before deciding whether a firm's deployment fits its regulatory regime. Based on the FCA-referenced distinction, which statement correctly describes a permissionless network?
Explanation
permissionless networks allow general public visibility of transactions online and are open for broad participation whilst permissioned networks typically feature a ‘gatekeeper’ who controls access
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