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Blockchain-based payment system is related to which dimension?

Answer and explanation

Correct answer: Technological dimension

The technological dimension includes developments in tools, processes, digital platforms and methods that change how businesses operate. Blockchain is a digital technology used to record and verify transactions through a distributed system, so a blockchain-based payment system is classified primarily under the technological dimension. Therefore option A is correct; legal or political issues may affect its use but are not the technology itself.

Related tags

Technological-EnvironmentBlockchainDigital-PaymentBusiness StudiesClass 12Dimensions Of Business EnvironmentBusiness EnvironmentClass 12 Mcq

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