Implementing Smart Contracts for Loan Agreements | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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15

Smart contracts can handle all disputes without human involvement. True or False?

False

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15

What are smart contracts based on?

Predefined conditions

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thief

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25

seesaw

Swap points!

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gift

Win 15 points!

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banana

Go to last place!

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15

When two parties disagree about a contract, it is called a __________.

dispute

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15

Once recorded on the blockchain, the data is________________ and cannot be changed.

immutable

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15

What features can be added to allow changes?

Upgradeability features or governance mechanisms

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15

Smart contracts can automate loan disbursements and repayments. True or False?

True

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15

Once deployed, smart contracts cannot be changed under any circumstances. True or Flase

Flase

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monster

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gold

Win 50 points!

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rocket

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banana

Go to last place!

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heart

Other team wins 15 points!

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fairy

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shark

Other team loses 20 points!

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thief

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15

If the main payment method fails, there is a _______________ machanism.

fallback

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15

Can a smart contract be changed after deployment?

Normally no, it is immutable

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15

What does the Legal Counsel want to automate?

Loan disbursements and repayments.

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15

Failing to repay a loan on time is called a __________.

default

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heart

Other team wins 5 points!

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fairy

Take points!

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25

gift

Win 15 points!

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baam

Lose 25 points!

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15

What edge case is the Operations Manager concerned about?

Disputes or unforeseen events

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