What is an advantage of using blockchain technology? Accenture Tq mcq

 What is an advantage of using blockchain technology? 

A. There is almost no opportunity for biased, inaccurate, or altered data to get into the systems.

B. Since it's an emerging technology, it's critical to invest in blockchain before anyone else.    

C. Blockchain technology makes data easy to edit.

 D. Blockchain is centralized.

 The correct answer is:

A. There is almost no opportunity for biased, inaccurate, or altered data to get into the systems.

An advantage of using blockchain technology is that it provides a high degree of data integrity and immutability.

 Once data is recorded on a blockchain, it becomes extremely difficult to alter or manipulate without the consensus of the network participants. 

The decentralized and distributed nature of blockchain ensures that multiple copies of the ledger are maintained across the network, making it challenging for any single entity to tamper with the data.

This characteristic of blockchain helps establish trust and transparency in various applications such as financial transactions, supply chain management, and digital identity verification.

 It reduces the risks of data manipulation, fraud, and bias, as the data stored on the blockchain can be independently verified and audited by participants in the network.