GK Question

technology medium mcq

Which blockchain platform is commonly used for enterprise applications requiring privacy and scalability?

  1. Bitcoin
  2. Ethereum
  3. Hyperledger Fabric
  4. Dogecoin

Answer: Hyperledger Fabric

Hyperledger Fabric is a permissioned blockchain framework by Linux Foundation, designed for enterprise use: modular architecture, private channels, pluggable consensus, and identity management. Used in supply chain, trade finance, and healthcare. Contrasts with public chains (Bitcoin, Ethereum) which prioritize decentralization over privacy/performance.

Topic Blockchain
Exam Relevance Banking, UPSC, SSC