A consortium's membership committee is reviewing applications from new companies. The committee wants to ensure that new members are reputable and will comply with the consortium's rules. What is the most important step in the onboarding process?

Giving the applicant access to all consortium data before they sign the agreement

Requiring the applicant to pay a higher membership fee than existing members

Allowing the applicant to join immediately to increase network effects

Conducting a thorough due diligence review of the applicant's background and financial stability

EC-CouncilBlockchain Business Leader Certification

Domain 5Objective 4

Blockchain Consortia and Collaborative Networks BBLC Practice Questions (Page 11)

Part of the Blockchain Platforms and Ecosystem domain, which makes up ~10% of our current practice bank.

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A consortium's membership committee is reviewing applications from new companies. The committee wants to ensure that new members are reputable and will comply with the consortium's rules. What is the most important step in the onboarding process?
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Blockchain Consortia and Collaborative Networks BBLC Practice Questions (Page 11)

Questions 51–51

A consortium's membership committee is reviewing applications from new companies. The committee wants to ensure that new members are reputable and will comply with the consortium's rules. What is the most important step in the onboarding process?

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