Blockchain Flashcards
1
Q
What is the Blockchain?
A
A shared ledger for recording transactions, tracking assets, and building trust
2
Q
What is a Public Ledger?
A
A record-keeping system that maintains participants identities in a secure and anonymous format
3
Q
What are Smart Contracts?
A
Self executing contracts with code-defined terms
4
Q
Who is the IBM?
A
A group that’s focused on getting the blockchain into use inside of the commercial environment
5
Q
What is Permissioned Blockchain?
A
Used for business transactions
Promotes new levels of trust and transparency using immutable public ledgers
