Blockchain enables transparency in the trading environment.
a. True
b. False
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False
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Answer:
True, Blockchain is a distributed ledger technology that provides a transparent platform for data storage.
Since every information in the ledger is time-stamped, it becomes easy for anyone in the system to track and trace the data. Whenever any transaction occurs, the data gets time-stamped and stored in the ledger in the form of blocks.
At any point in time, if you wish to track the information, one can open the ledger and check it, but one cannot delete or alter it. Thus, Blockchain helps in creating a transparent platform.
Explanation:
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