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Free 312-82 Exam Braindumps (page: 5)

Page 4 of 14
PDF with 50 Questions

A Type II DAPP is categorized by its______

  1. Using the protocol of a type II DApp
  2. Using the blockchain and protocol of a type I
  3. Using another blockchain such as Ethereum
  4. Using the block chain of a type I but not the protocol

Answer(s): B

Explanation:

A Type II DApp is a decentralized application that uses both the blockchain and protocol of a Type I DApp. Type I DApps are the foundational blockchain-based platforms, such as Ethereum, that operate with their own blockchain. Type II DApps build on these platforms, using the existing blockchain and protocol, but offering specific functionalities or services.
Key Details:
Type I DApps: These are fundamental blockchain platforms, like Bitcoin or Ethereum, which have their own blockchain and provide a foundation for other applications. Characteristics of Type II DApps: Type II DApps leverage the infrastructure of Type I DApps but add additional functionality through smart contracts or protocols. For example, protocols such as ERC-20 tokens or ERC-721 NFTs are built on Ethereum and utilize Ethereum's underlying blockchain and consensus protocol.
Integration: By utilizing both the blockchain and protocol of a Type I DApp, Type II DApps inherit the security, decentralization, and features of the underlying Type I platform, which simplifies their development and ensures compatibility.
In summary, B. Using the blockchain and protocol of a type I accurately describes the categorization of Type II DApps.



_________change the blockchain layout from a linearly sequential model.

  1. Side chains
  2. Fork chains
  3. Sub chains
  4. Tree chains

Answer(s): D

Explanation:

Tree Chains modify the standard blockchain structure from a linear sequence to a tree-like structure, where blocks can have multiple branches instead of forming a single sequential chain. This structure can improve scalability and enable parallel processing, as multiple chains can be validated simultaneously.
Key Details:
Tree Structure: In tree chains, blocks can have multiple child blocks, which allows transactions to be processed across several branches concurrently. This reduces bottlenecks associated with linear block validation and enhances throughput.
Benefits Over Linear Chains: Traditional blockchain models process blocks in a strict sequence. Tree chains allow for more flexibility and higher transaction throughput, as multiple blocks can be validated simultaneously across different branches.
Use Cases: This structure is advantageous for complex applications that require parallel transaction processing, such as large-scale blockchain networks or systems needing high transaction speeds. Thus, D. Tree chains is the correct answer, as it refers to the blockchain model that diverges from a linear structure.



According to a study be Deloitte, which of the following are benefits of blockchain for the insurance industry (pick two)?

  1. More efficient claims processing
  2. Supporting strategic initiatives
  3. Comprehensive interoperable health records
  4. Lower costs

Answer(s): A,D

Explanation:

According to studies conducted by Deloitte and other industry research, blockchain offers several benefits for the insurance industry, particularly in more efficient claims processing and lower costs. Blockchain's capabilities in data immutability, transparency, and automation play key roles in streamlining insurance processes and reducing operational expenses.
Key Details:
Efficient Claims Processing: Blockchain enables quicker verification and processing of claims by automating workflows through smart contracts. This reduces paperwork, minimizes errors, and speeds up the claims process, improving customer satisfaction. Lower Costs: By reducing intermediaries and leveraging automation, blockchain lowers administrative costs. It minimizes the need for manual verification and fraud detection, which traditionally consume significant resources in the insurance industry. Transparency and Fraud Reduction: Blockchain provides an immutable and transparent record of all transactions. This helps prevent fraud, as all stakeholders have access to the same data, reducing discrepancies and the need for extensive audits.
In conclusion, A. More efficient claims processing and D. Lower costs are the correct answers, as these are key benefits of blockchain for the insurance industry identified in Deloitte's research.



The Financial Action Task force defines virtual asset service providers as companies that (choose two):

  1. Sell products for virtual currency
  2. Purchase virtual currency
  3. Exchange virtual assets for fiat currency
  4. Transfer virtual assets

Answer(s): C,D

Explanation:

According to the Financial Action Task Force (FATF), Virtual Asset Service Providers (VASPs) are entities or companies that facilitate activities related to virtual assets. Specifically, VASPs include businesses that exchange virtual assets for fiat currency and transfer virtual assets. These activities are regulated to prevent money laundering, terrorist financing, and other illicit activities.
Key Details:
Exchange of Virtual Assets for Fiat Currency: VASPs often act as intermediaries that enable the conversion between virtual assets (like cryptocurrencies) and traditional fiat currencies. This function is central to enabling liquidity and usability of cryptocurrencies within the traditional financial system.
Transfer of Virtual Assets: VASPs may also provide services that involve the transfer of virtual assets from one user to another, which includes activities such as facilitating peer-to-peer transactions, wallet services, or custodial services.
FATF Standards and Compliance: The FATF has established guidelines for VASPs to enhance transparency and ensure compliance with Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations.
Thus, the correct answers are C. Exchange virtual assets for fiat currency and D. Transfer virtual assets, as these are the core activities defined for VASPs by the FATF.






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