A consortium has a governance model where the board is elected by member votes, but the technical team is appointed by the board. Some members feel the technical team is not accountable to them. What is the best way to improve accountability?

Remove the technical team and outsource all technical work

Let the technical team make all decisions without oversight

Have the board make all technical decisions directly

Create a technical advisory committee with member representatives to oversee the technical team

How does a blockchain consortium differ from a public blockchain network?

A consortium is governed by a single entity, while a public blockchain is governed by all participants

A consortium is open to all participants, while a public blockchain restricts access to approved members

A consortium restricts participation to a pre-approved group of organizations, while a public blockchain allows anyone to participate

A consortium uses a consensus mechanism, while a public blockchain does not

How do collaborative networks in blockchain extend beyond consortia?

They operate without any formal agreements

They include only organizations from the same industry

They involve partnerships and multi-stakeholder initiatives that may include non-consortium entities

They are always open to the public

A consortium is facing a dispute over whether to admit a new member that is a direct competitor to two existing members. The governance model requires a supermajority vote for new members, but the two competitors are threatening to leave if the new member is admitted. How should the consortium proceed?

Exclude the new member to keep the existing members happy

Change the governance rules to require unanimous consent

Follow the governance process and allow the vote to proceed

Admit the new member immediately to increase network effects

What distinguishes a collaborative network from a traditional consortium?

Collaborative networks are always led by a single dominant company

Collaborative networks may include non-business stakeholders such as regulators and NGOs

Collaborative networks do not use blockchain technology

Collaborative networks are always temporary

EC-CouncilBlockchain Business Leader Certification

Domain 5Objective 4

Blockchain Consortia and Collaborative Networks BBLC Practice Questions (Page 5)

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

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Questions 21–25

21expert · hard
A consortium has a governance model where the board is elected by member votes, but the technical team is appointed by the board. Some members feel the technical team is not accountable to them. What is the best way to improve accountability?
Select an answer first
22foundation · easy
How does a blockchain consortium differ from a public blockchain network?
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23foundation · easy
How do collaborative networks in blockchain extend beyond consortia?
Select an answer first
24expert · hard
A consortium is facing a dispute over whether to admit a new member that is a direct competitor to two existing members. The governance model requires a supermajority vote for new members, but the two competitors are threatening to leave if the new member is admitted. How should the consortium proceed?
Select an answer first
25foundation · easy
What distinguishes a collaborative network from a traditional consortium?
Select an answer first

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