Question

What is the name of the technology that allows for secure and transparent record-keeping and data transfer?

• A. Blockchain
• B. Cryptocurrency
• C. Neural Networks
• D. Generative AI

Hint:

Think of blockchain as a digital ledger or notebook that everyone shares and agrees on, making cheating or hiding information nearly impossible.

Answer 1

The Correct Option is A

Step 1: Understanding record-keeping problems
In many systems, keeping records safe and accurate is very important. Traditional methods sometimes allow records to be changed without permission or hidden, causing mistrust.
Step 2: What is blockchain?
Blockchain is a special technology that stores data in a way that is very difficult to change. It works like a chain of blocks, where each block contains some data and is linked to the previous one, making the entire record transparent and secure.
Step 3: How does blockchain ensure security?
Because the blocks are connected and stored on many computers worldwide (called decentralization), no single person can change data without others noticing. This creates trust in the system without needing a middleman.
Step 4: Difference from other options
- Cryptocurrency is digital money that uses blockchain, but blockchain itself is the technology behind secure data.
- Neural networks and Generative AI are artificial intelligence technologies used for learning and generating content, not for record-keeping.
Thus, blockchain is the correct answer as it provides secure and transparent record-keeping and data transfer.