Blockchain Consortia and Collaborative Networks BBLC Practice Questions (Page 2)

Questions 6–10

1. 6application · medium

   Several competing insurance companies want to reduce fraud by sharing claims data, but they are concerned about antitrust regulations. What is the primary benefit they are seeking by forming a consortium?

   • ATo create a public blockchain for all consumers
   • BTo eliminate all competition in the market
   • CTo collaborate on a shared goal while managing regulatory risks
   • DTo gain a competitive advantage over each other
   Reveal Solution Discussion Select an answer first
2. 7application · medium

   Five competing logistics companies want to share shipment tracking data to reduce fraud, but they are unwilling to let any single company control the network or expose proprietary routes. They also need to comply with data privacy regulations that restrict who can view shipment details. Which network model best meets these requirements?

   • AA public blockchain where all shipment data is visible to anyone
   • BA private blockchain operated by one of the logistics companies
   • CA centralized database managed by a neutral third party
   • DA consortium blockchain governed jointly by the five companies
   Reveal Solution Discussion Select an answer first
4. 8application · medium

   A group of banks is forming a consortium to streamline cross-border payments. They want to reduce settlement times and costs, but they are concerned about antitrust regulations that prohibit collusion on pricing. What is the most appropriate primary goal for this consortium?

   • ASetting a common fee schedule for cross-border transactions
   • BCreating a single shared ledger that replaces all member banks' internal systems
   • CSharing customer transaction data across all member banks
   • DStandardizing payment messaging formats to improve interoperability
   Reveal Solution Discussion Select an answer first
5. 9foundation · easy

   Which statement best defines a blockchain consortium?

   • AA blockchain network where multiple pre-selected organizations share governance and operate the network collectively
   • BA blockchain network operated by a single organization with restricted access
   • CA blockchain network that uses a central authority to validate all transactions
   • DA blockchain network that is open to anyone to read and submit transactions
   Reveal Solution Discussion Select an answer first
6. 10application · medium

   A logistics consortium is onboarding a new member that will operate a node and access sensitive shipment data. The consortium has a formal membership policy. What is the most appropriate first step before granting the new member network access?

   • AAllow the new member to observe the network for a trial period without access
   • BProvide the new member with the consortium's API documentation and node software
   • CImmediately issue digital certificates to the new member's administrators
   • DHave the new member sign a participation agreement and complete a background check
   Reveal Solution Discussion Select an answer first