A consortium is developing a process for adding new members. They want to ensure that new members are vetted and that their access rights are properly configured. What is the correct sequence of steps in the onboarding process?

Approval, credential issuance, due diligence, application, access configuration

Application, due diligence, approval, credential issuance, access configuration

Credential issuance, application, approval, due diligence, access configuration

Access configuration, application, approval, due diligence, credential issuance

A consortium is struggling because members are reluctant to share proprietary data, and there is no clear legal framework for liability if data is leaked. Additionally, the consortium's technical standards are not fully defined. What is the most important issue to resolve to build trust among members?

Increasing the number of members

Establishing a clear legal and liability framework

Making all data public to increase transparency

Implementing a faster consensus algorithm

A consortium of financial institutions is struggling because members have different technical capabilities and some are unwilling to invest in new infrastructure. They also face legal uncertainty about cross-border data sharing. Which strategy best addresses these challenges?

Provide tiered membership options with varying levels of participation and investment

Limit membership to only the largest institutions

Mandate a single high-cost technology stack for all members

Delay all decisions until legal frameworks are fully resolved

A consortium of five banks is designing its governance model. They want to ensure that no single bank can unilaterally change the consortium's technical standards, but they also want to avoid deadlock on routine operational decisions. Which governance approach best meets these needs?

A single lead bank with veto power over all decisions

A rotating chair with sole authority for one-year terms

A simple majority vote among all members for every decision

A two-tier model: a council of all members for major changes and a smaller executive committee for routine decisions

A consortium is expanding and receives many applications from companies that do not meet its membership criteria. The consortium wants to maintain trust and quality while also growing. What is the most effective way to manage this?

Establish a formal application and vetting process with clear criteria

Let existing members sponsor new applicants without review

Close membership permanently to avoid risk

Accept all applicants to grow quickly

EC-CouncilBlockchain Business Leader Certification

Domain 5Objective 4

Blockchain Consortia and Collaborative Networks BBLC Practice Questions (Page 3)

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

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Questions 11–15

11application · medium
A consortium is developing a process for adding new members. They want to ensure that new members are vetted and that their access rights are properly configured. What is the correct sequence of steps in the onboarding process?
Select an answer first
12expert · hard
A consortium is struggling because members are reluctant to share proprietary data, and there is no clear legal framework for liability if data is leaked. Additionally, the consortium's technical standards are not fully defined. What is the most important issue to resolve to build trust among members?
Select an answer first
13expert · hard
A consortium of financial institutions is struggling because members have different technical capabilities and some are unwilling to invest in new infrastructure. They also face legal uncertainty about cross-border data sharing. Which strategy best addresses these challenges?
Select an answer first
14application · medium
A consortium of five banks is designing its governance model. They want to ensure that no single bank can unilaterally change the consortium's technical standards, but they also want to avoid deadlock on routine operational decisions. Which governance approach best meets these needs?
Select an answer first
15expert · hard
A consortium is expanding and receives many applications from companies that do not meet its membership criteria. The consortium wants to maintain trust and quality while also growing. What is the most effective way to manage this?
Select an answer first

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