Blockchain greens up its act

How does blockchain work?

It allows data to be disseminated in a tamper-proof way

It allows data to be edited by authorised users

It automatically generates new currencies

It enables data to move undetected by financial authorities

What is the type of technology used by blockchain called?

Distributed ledger

Disseminated ledger

Distributed journal

Disseminated journal

What are Scope 3 emissions?

Emissions that are the least damaging to the environment

Emissions that a company passes back to its value chain

Emissions that are the most damaging to the environment

Emissions that occur along a company's value chain

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

Data from companies in the value chain may be incorrect or incomplete

Reporting must be carried out manually

All companies in a country may have the same reporting deadline

There are no globally accepted standards

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

International Board of Sustainability Standards

Taskforce on Climate Related Financial Disclosures

Global Reporting Initiative

International Sustainability Standards Board

When were prototype standards released?

January 2021

November 2021

January 2022

November 2020

Which financial organisation has sponsored and tested a blockchain platform for reporting emissions reduction projects and carbon offset trading?

European Central Bank

International Monetary Fund

Asia Development Bank

World Bank

Which of the following is NOT a benefit of blockchain?

Data can be shared between multiple parties

Public blockchains are transparent

Users can earn cryptocurrency

Data does not change over time

Why do some blockchain platforms use large amounts of energy?

Computers tend to overheat due to the method of uploading

Many participants use computers that are not energy efficient

Cryptocurrency mining takes place round the clock

The specific protocols used for uploading are energy intensive

Which two US start-ups offer blockchain-as-a-service applications to companies sharing ESG data with their business partners?

Belfrics Group and CoinBurp

Data Gumbo and Topl

Moonpay and Sorare

Zerion and Blockdaemon

Blockchain greens up its act

How does blockchain work?

What is the type of technology used by blockchain called?

What are Scope 3 emissions?

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

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

When were prototype standards released?

Which financial organisation has sponsored and tested a blockchain platform for reporting emissions reduction projects and carbon offset trading?

Which of the following is NOT a benefit of blockchain?

Why do some blockchain platforms use large amounts of energy?

Which two US start-ups offer blockchain-as-a-service applications to companies sharing ESG data with their business partners?

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