Which of the following statements about Real-World Assets (RWA) Tokenization are
correct?
1. Tokenization is the process of turning real world assets into digital tokens using blockchain
technology.
2. Tokenization of real world assets offers 24×7 access, promoting financial inclusion.
3. Tokenization of real world assets will allow the access to high growth investment
opportunities for individuals in India.
Select the answer using the code given below:
Science and Technology › Blockchain,Cryptocurrency
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Science and Technology › Blockchain,Cryptocurrency
Options
Answer
(a) 1, 2 and 3
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Science and Technology › Blockchain,Cryptocurrency
Which of the following statements regarding the features of blockchain technology are correct?
1. Records stored in the database may be made visible to relevant stakeholders without risk of alteration.
2. Copies of the entire database are stored on multiple computers on a network syncing within seconds.
3. Consortium blockchain is a blend of public and private blockchains allowing selective data access.
4. Mathematical algorithms make it impossible to change or delete any data once recorded and accepted.Options
Answer
(c) 1, 2 and 4