312-82 PRACTICE EXAM FEE, 312-82 LATEST TEST BOOTCAMP

312-82 Practice Exam Fee, 312-82 Latest Test Bootcamp

312-82 Practice Exam Fee, 312-82 Latest Test Bootcamp

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Tags: 312-82 Practice Exam Fee, 312-82 Latest Test Bootcamp, Printable 312-82 PDF, 312-82 Most Reliable Questions, Preparation 312-82 Store

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EC-COUNCIL 312-82 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Bitcoin: This module zeroes in on Bitcoin, the first and most prominent copyright. It tests the understanding of blockchain developers about how Bitcoin works, its impact on the financial landscape, and the challenges and opportunities related to its adoption as a digital currency.
Topic 2
  • Financial Applications: This section assesses the understanding of blockchain applications within financial services for professionals such as fintech developers and covers how blockchain is reshaping areas like payments, remittances, and trading by providing secure, transparent, and efficient alternatives to conventional methods.
Topic 3
  • Security in Blockchains: This part assesses the knowledge of cybersecurity experts, IT auditors, and compliance professionals in securing blockchain systems.
Topic 4
  • Insurance Applications: This section evaluates the expertise of insurance professionals, such as underwriters and claims managers in utilizing blockchain technology within the insurance industry.
Topic 5
  • Blockchain as a Service (BaaS): This section measures the skills of IT architect in deploying Blockchain as a Service (BaaS). It outlines how BaaS enables organizations to create and manage blockchain applications without building their own infrastructure, simplifying the adoption and scaling of blockchain technologies.
Topic 6
  • Decentralized Applications (copyright): This final section examines the skills of software developers in creating decentralized applications (copyright). It discusses the design, development, and deployment of copyright and their potential to revolutionize traditional business models by offering more secure, transparent, and efficient solutions.
Topic 7
  • Ethereum: This part of the exam evaluates the expertise of blockchain developers and IT professionals in Ethereum, the leading platform for decentralized applications (copyright).
Topic 8
  • Introduction: This part of the exam gauges the basic knowledge of blockchain technology for professionals like financial analysts and covers key blockchain concepts such as distributed ledgers, consensus mechanisms, and smart contracts, forming the basis for more advanced topics covered later.
Topic 9
  • Blockchain Project Implementation: In this section, the exam focuses on the capability of project managers to execute blockchain projects effectively.
Topic 10
  • Open Source: This module assesses the understanding of software developers and IT professionals concerning open-source blockchain frameworks. It explores the advantages of open-source development in blockchain, such as fostering innovation, transparency, and collaboration, as well as how professionals can contribute to or adopt these open-source solutions.

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EC-COUNCIL EC-Council Blockchain Fintech CertificationB|FC exam Sample Questions (Q41-Q46):

NEW QUESTION # 41
According to a study be Deloitte, which of the following are benefits of blockchain for the insurance industry (pick two)?

  • A. More efficient claims processing
  • B. Supporting strategic initiatives
  • C. Comprehensive interoperable health records
  • D. Lower costs

Answer: A,D

Explanation:
According to studies conducted by Deloitte and other industry research, blockchain offers several benefits for the insurance industry, particularly inmore efficient claims processingandlower 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 processingandD. Lower costsare the correct answers, as these are key benefits of blockchain for the insurance industry identified in Deloitte's research.


NEW QUESTION # 42
What is the primary way blockchain could help in the food industry?

  • A. Streamlining management
  • B. Making transport safer
  • C. Eliminating food born illness
  • D. Making transaction ore transparent

Answer: D

Explanation:
Blockchain can greatly benefit the food industry bymaking transactions more transparent. By recording each transaction in an immutable ledger, blockchain enables traceability, which is crucial for food safety, quality control, and ensuring that products meet regulatory standards.
Key Details:
* Traceability: Blockchain allows for the tracking of food products from farm to table. Each step in the supply chain can be recorded on the blockchain, providing consumers and regulators with transparent information about the origin and journey of food products.
* Improving Trust and Safety: With transparent transactions, stakeholders can quickly identify and address issues such as contamination, fraud, or mislabeling, which enhances food safety and consumer trust.
* Enhanced Efficiency: By reducing paperwork and enabling digital record-keeping, blockchain streamlines the process of verifying and sharing information about food products across various parties.
Thus,C. Making transactions more transparentis the correct answer, as it highlights blockchain's role in providing transparency in the food industry.


NEW QUESTION # 43
Self-executing computer programs which facilitate transaction automation and eliminates the need for intermediaries are called what?

  • A. Distributed ledgers
  • B. Bitcoin mining
  • C. Smart contracts
  • D. Cryptocurrencies

Answer: C

Explanation:
Smart Contractsare self-executing computer programs that automatically enforce, verify, and facilitate the terms of a contract when certain conditions are met. These programs run on blockchain networks and eliminate the need for intermediaries by automating transactions based on predefined rules coded into the contract.
Key Details:
* Automation and Trust: Smart contracts are crucial in blockchain technology because they enable trustless transactions, meaning parties can transact directly without relying on intermediaries. The code controls the execution, and transactions are transparent and irreversible.
* Use Cases: Smart contracts are foundational to decentralized finance (DeFi) applications, supply chain management, digital identity, and more. They facilitate various operations such as lending, borrowing, insurance, and automated asset transfers.
* Example in Ethereum: Ethereum popularized smart contracts by providing a platform with Turing- complete scripting capabilities. This allowed developers to create sophisticated decentralized applications that execute on the blockchain.
In conclusion,D. Smart contractsis the correct answer as it refers to the technology that automates transactions and eliminates the need for intermediaries.


NEW QUESTION # 44
These wallets store keys in a tree structure derived from a seed.

  • A. Hierarchical Deterministic Wallets
  • B. Brain Wallets
  • C. Deterministic Wallets
  • D. Non-Deterministic Wallets

Answer: A

Explanation:
Hierarchical Deterministic (HD) Walletsare wallets that generate private and public keys in a tree structure, starting from a single seed phrase. This seed phrase can generate multiple key pairs, allowing users to back up and recover all their wallet addresses using one phrase, which enhances security and convenience.
Key Details:
* Tree Structure: HD wallets use a root seed to derive an entire hierarchy of keys. Each branch in the tree can create new sub-branches, generating separate addresses for different transactions without reusing them, which provides better privacy.
* Seed-Based Recovery: Users can restore all wallet addresses with the original seed phrase, making HD wallets more secure and easy to back up compared to non-deterministic wallets, which would require individual backups for each key.
* Compatibility with Blockchain Standards: HD wallets adhere to the BIP32 and BIP44 standards, which outline the derivation paths and formats used by these wallets. This compatibility allows for interoperability among different wallet providers.
In conclusion, Hierarchical Deterministic Wallets (answer B) best describes wallets that store keys in a tree structure derived from a seed.


NEW QUESTION # 45
Which of the following are benefits of blockchain for financial services according to IBM ''Blockchain for Financial Services''?

  • A. Automated compliance
  • B. Increased customer base
  • C. Faster settlement
  • D. Streamlined regulations

Answer: A,C

Explanation:
According to IBM's "Blockchain for Financial Services", blockchain offers several benefits, including faster settlement and automated compliance. These features are critical in enhancing the efficiency and reliability of financial services.
Key Details:
Faster Settlement: Blockchain technology enables near-instantaneous settlement of transactions by eliminating the need for traditional intermediaries and reducing processing times, which can speed up transactions significantly compared to legacy systems.
Automated Compliance: Blockchain's transparency and immutability allow for the automatic recording and verification of regulatory requirements. Smart contracts can be used to enforce compliance rules in real-time, ensuring that transactions adhere to regulatory standards without manual intervention.
Impact on Financial Services: These benefits translate to reduced operational costs, improved transaction accuracy, and increased trust between parties, making blockchain an attractive solution for financial institutions.
Thus, A. Faster settlement and B. Automated compliance are the correct answers, as these are specific benefits of blockchain in financial services according to IBM.


NEW QUESTION # 46
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