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ST (MMCP-Storage) - 2024-05-22T16:06:23.655Z)

Assignment Week 3

What Can Blockchain Do for You

Based on a well-known saying, what are you in relation to a product if the product is free ?

An agreement where someone else was there to hear it

An agreement where the payer backs out and refuses to pay

An agreement where people say "I solemnly promise"

Which type of verbal agreement is usually the most powerful?

In the demonstration of the "Lissi Identity Wallet," there was one main way to ask for a new credential. What was it?

Your credentials’ reference would be added to a register of revoked credentials.

The building's access system would update its database to refuse you entry.

Your credentials would be deleted by your identity wallet.

An error would be returned by the digital identity resolver.

Your access to a building has been taken away. What would this mean in a decentralized identity approach?

European Blockchain Services Infrastructure

European Business Services Infrastructure

The acronym EBSI is standing for which of the following?

It refers to a protocol on the Internet, like https: , ftp:  or mailto: , which resolves decentralized identifiers.

It refers to the company, website, or other entity that will give digital id credentials.

It is a piece of code that tells the "elastos" protocol to search for a specific id.

Three random letters are used to provide a better encryption in the second half of the code.

In the code "did:elastos:iv6qzbgsisudi882", what does the "did" stand for?

Never let money from illegal activities get into the legal world.

Hold businesses to account when people buy goods or services.

Make it easier for banks to send money across borders.

What is the main goal of the know your business (KYB) process?

By looking on the web you can find out where the permit was issued

By asking you for other proof of who you are

By using image recognition with an international database

You give your driver's license to a car rental company in a country on the other side of the world. How could they check to see if it is legitimate?

Instead of giving your birthday, your state says you are an adult.

Instead of giving your credit history, you are a "level 2" financial risk.

The URL shows right away that you finished a diploma with a "medium" grade last November.

You have to give your permission on your phone for a website to get your personal information.

Which of the following are examples of zero-knowledge proof?

Instead of a plastic card, what would a decentralized identity system send you?

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