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QUESTION 1 (a) Discuss the mechanisms of Blockchain Letter of Credit using Smart Contract.
Support your explanation with a relevant diagram. (10 marks) (b) Explain how a digital bank can
facilitate financial inclusion in Malaysia. ( 3 marks) (b) Explain the FOUR (4) steps of the
implementation of digital banks in Malaysia. (7 marks)

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QUESTION 1 (a) Discuss the mechanisms of Blockchain Letter of Credit u.docx

  • 1. QUESTION 1 (a) Discuss the mechanisms of Blockchain Letter of Credit using Smart Contract. Support your explanation with a relevant diagram. (10 marks) (b) Explain how a digital bank can facilitate financial inclusion in Malaysia. ( 3 marks) (b) Explain the FOUR (4) steps of the implementation of digital banks in Malaysia. (7 marks)