GK Question

technology hard mcq

Which blockchain application enables automated execution of agreements when predefined conditions are met?

  1. Digital Identity
  2. Smart Contracts
  3. Tokenization
  4. Consensus Algorithms

Answer: Smart Contracts

Smart contracts are self-executing programs stored on blockchain that automatically enforce terms when conditions are satisfied. Used in DeFi, supply chain, insurance.

Topic Blockchain Applications
Exam Relevance Banking, UPSC, SSC