How does blockchain work?

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. How does blockchain work?

  2. What is the type of technology used by blockchain called?

  3. What are Scope 3 emissions?

  4. Which of the following is NOT a reason why companies may find ESG reporting challenging?

  5. Which organisation has worked with the International Accounting Standards Board to create prototype standards on ESG disclosure?

  6. When were prototype standards released?

  7. Which organisation is trialling a blockchain platform for reporting emissions reduction projects and carbon offset trading?

  8. Which of the following is NOT a benefit of blockchain?

  9. Why do some blockchain platforms use large amounts of energy?

  10. Why does the Chia blockchain platform use less energy?

1 Unit