Consider the following statements regarding Blockchain Technology: 1. It is used in financial services for the operation of Central Bank Digital Currencies (CBDC) like the e-Rupee. 2. Blockchain-as-a-Service (BaaS) allows third-party providers to offer cloud-based solutions to simplify application development. 3. It can be utilized for copyright management and protecting intellectual property data. Which of the statements given above are correct? |ForumIAS

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: D

Notes:

Explanation:

Statement 1 is correct: The e-Rupee launched by RBI is built on blockchain/DLT technology.
Statement 2 is correct: BaaS is a model where companies use cloud solutions to build and host their blockchain apps.
Statement 3 is correct: Companies like Sony Music have demonstrated its use in managing digital rights and royalties.