Use Cases Flashcards
7 cards from real Blockchain Technology practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Use Cases flashcards as text
How does blockchain technology improve the accuracy of land title registries in the US?
Answer: It creates an immutable, time-stamped chain of ownership transfers eliminating title disputes
Recording each ownership transfer on an immutable ledger eliminates conflicting paper records and reduces title insurance costs.
In the context of decentralized storage, how does blockchain enhance data resilience compared to centralized cloud storage?
Answer: By distributing encrypted file shards across many nodes so no single point of failure exists
Networks like Filecoin or Storj split and distribute encrypted data shards so the network remains functional even if many nodes go offline.
A company wants to use blockchain for its loyalty rewards program. What key problem does this solve over traditional points systems?
Answer: It enables points to be interoperable, tradable, or redeemable across multiple merchant partners
Tokenized loyalty points on a shared blockchain can be exchanged or redeemed across partner merchants without each company maintaining separate reconciliation systems.
What distinguishes a permissioned blockchain use case in banking from a public blockchain use case in DeFi?
Answer: Permissioned chains restrict participation to vetted institutions, while public chains are open to anyone
Permissioned blockchains like Hyperledger Fabric limit node membership to approved entities, suiting regulated banking environments that need privacy and compliance.
How can blockchain improve the management of intellectual property (IP) licensing in the entertainment industry?
Answer: By recording license grants and usage rights on-chain so violations can be detected automatically
On-chain IP registries record who holds what license, and smart contracts can enforce usage terms and trigger royalty payments when conditions are met.
Which scenario best illustrates the use of blockchain in disaster relief fund distribution?
Answer: Aid tokens are sent directly to verified beneficiary wallets, bypassing intermediaries and reducing fraud
Direct wallet distribution to verified beneficiaries ensures aid reaches intended recipients faster and with a fully auditable trail.
A seafood company records each catch's GPS location, vessel ID, and timestamp on a blockchain. Which broad challenge does this address?
Answer: Combating illegal, unreported, and unregulated (IUU) fishing through transparent provenance
Immutable on-chain records of catch origin make it easy for regulators and retailers to verify that seafood was legally harvested.