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We spent a bit of time discussing Blockchain and cryptocurrencies as part of our Chapter 1 discussion and lecture. Which of the following statements is

We spent a bit of time discussing Blockchain and cryptocurrencies as part of our Chapter 1 discussion and lecture. Which of the following statements is TRUE regarding the use of Blockchain in a corporate setting?

The blockchain ledger is stored in a single location and functions as an online database so each computer in the peer-to-peer network can verify the chains.

Blockchain information is housed on a peer-to-peer network, but the chains themselves are encrypted so all transactions remain private and anonymous.

Virtually everything of value can be recorded and companies have begun using blockchain technology to track inventory and finished goods as they pass through the value chain.

Blockchains require a central authority to control the network and inter-node communication when validating new blocks.

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