CAF-3 · Chapter 9 · Question 14 of 15
Self-executing digital contracts where the terms of the agreement are directly written into code (often associated with Ethereum) are known as:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Smart Contracts
Explanation
Smart contracts are self-executing contracts operating on a blockchain, which automatically execute actions when predefined conditions are met
More Blockchain, AR/VR, and RPA MCQs
- Q1What is the primary capability of Artificial Intelligence (AI) that distinguishes it from traditional software?
- Q2In Machine Learning (ML), which type of learning is specifically used to predict outcomes based on historical, labeled data?
- Q3Which AI technology enables virtual assistants and chatbots to understand customer queries and generate human-like responses in real time?
- Q4In an Internet of Things (IoT) system, which component is responsible for executing physical changes, such as automatically adjusting the…
- Q5A smart traffic management system processes video data from cameras directly at the intersection rather than sending the heavy footage to…