Question 1

A consortium of electronics manufacturers wants to ensure that the cobalt used in their batteries is not sourced from conflict zones. They implement a technology that creates an immutable, decentralized, and time-stamped digital ledger of every transaction from the mine to the factory. Which technology are they utilizing?

Accepted Answer

Look for the keywords: 'immutable', 'decentralized', 'digital ledger'. These are the defining characteristics of blockchain technology.

Question 2

What mistakes do candidates make on this ACCA question?

Accepted Answer

Selecting Cloud Computing because the data is stored 'online'. Cloud data can be altered by the host; blockchain data cannot be easily altered.

How to approach this question

Full Answer

Common mistakes

Practice the full ACCA BT — Business & Technology Practice Exam 6

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