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From a business perspective, which of me following is the major consideration regarding the use of smart contract technology?
Suggested Answer: C
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28 comments · newest first
MI
Micaela
7 months ago
C) Code as Law" Arbitration makes sense. It simplifies dispute resolution.
MA
Malcom
8 months ago
A) Public Accessibility is crucial too. It allows wider participation.
DO
Dong
8 months ago
I think D) Decentralization is key. It reduces single points of failure.
TA
Tabetha
8 months ago
Surprised this is even a question. Aren't all these factors important?
AN
An
9 months ago
I agree with A, but B) Hosting Requirements matter too!
RU
Rusty
9 months ago
C) Code as Law is a bit risky, though. What if the code has bugs?
JA
Jamal
9 months ago
I think D) Decentralization is key for trust.
LA
Lajuana
9 months ago
Definitely A) Public Accessibility. It's all about reaching users!
RO
Roslyn
9 months ago
Haha, I bet the exam writers are just trying to trip us up with these options. C is the obvious choice!
DE
Desmond
9 months ago
D) Decentralization is the way to go! Smart contracts eliminate the need for intermediaries.
AS
Asha
10 months ago
Hmm, I'm torn between B and C. Hosting requirements and legal issues are both important factors.
SA
Salena
10 months ago
I agree, C is the right answer. The "code as law" concept is a game-changer for businesses.
FE
Felicidad
10 months ago
I recall a practice question about smart contracts focusing on public accessibility, but I can't remember if that was the right answer or not.
EM
Emile
10 months ago
Decentralization seems crucial for smart contracts, but I wonder if hosting requirements might also play a significant role in their implementation.
AV
Avery
10 months ago
I feel like "Code as Law" arbitration could be a big deal, especially in legal contexts, but I might be mixing it up with another question we practiced.
DI
Dino
10 months ago
C) Code as Law" Arbitration is the major consideration. Smart contracts are self-executing, so the legal implications are crucial.
KI
Kiley
11 months ago
B) Hosting Requirements matter, but not as much as decentralization.
JE
Jessenia
11 months ago
I think I remember that public accessibility is important for transparency, but I'm not entirely sure if it's the major consideration.
CH
Chaya
11 months ago
Decentralization is an interesting angle. I wonder how that impacts things like regulatory compliance and auditability for businesses. I'll make sure to explore the business implications of that.
NO
Noel
12 months ago
I feel pretty confident about this one. The "code as law" aspect is the biggest business consideration in my opinion, since it changes the traditional legal framework. I'll focus on explaining that in my answer.
AL
Aleta
12 months ago
Hosting requirements could be a major consideration, especially for businesses that need to maintain control and security of their systems. I'll make sure to weigh the pros and cons of that option.
RU
Rueben
12 months ago
I'm a bit confused on the difference between public accessibility and decentralization. Aren't they kind of related when it comes to smart contracts? I'll need to think this through carefully.
FL
Flo
1 year ago
Hmm, this is a tricky one. I think the key is to really understand the implications of "code as law" arbitration and how that impacts the business use of smart contracts.
RO
Rolf
7 months ago
Decentralization is important, but "code as law" is a game changer.
PA
Paz
7 months ago
But what about public accessibility? That's crucial too.
ED
Edward
7 months ago
True! It shifts the focus from traditional legal systems.
LA
Lashaunda
7 months ago
"Code as law" really changes everything for businesses.
TI
Tiera
11 months ago
I agree, understanding arbitration is key for smart contract success.