A supply chain consortium is modeled after a well-known example where multiple companies in the same industry collaborate on a shared platform to track goods. Which real-world example best illustrates this structure?

A government-owned blockchain for public records

A public cryptocurrency network like Bitcoin

A single company's internal blockchain for its own supply chain

A consortium like IBM Food Trust or TradeLens

A consortium operates a supply chain blockchain with nodes run by different members. They are experiencing slow transaction finality and disputes over which version of the smart contract is authoritative. The consortium has no formal change management process. What is the most effective way to address these issues?

Switch to a different consensus algorithm without consulting members

Establish a technical steering committee and a formal protocol for smart contract upgrades

Increase the block size to process more transactions per block

Let each member run its own version of the smart contract

Which of the following is a well-known example of a blockchain consortium?

The Enterprise Ethereum Alliance (EEA)

How are members typically managed within a blockchain consortium?

Through a public vote of all internet users

Through a centralized authority that can unilaterally remove any member

Through a set of agreed-upon rules and processes for adding, suspending, or removing members

Through automatic smart contracts that remove members without human input

Which of the following is a common challenge faced by blockchain consortia?

Ensuring that all members use the same software version

Achieving interoperability with other blockchain networks

Guaranteeing that all members are profitable

Eliminating the need for legal agreements

EC-CouncilBlockchain Business Leader Certification

Domain 5Objective 4

Blockchain Consortia and Collaborative Networks BBLC Practice Questions (Page 6)

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

51questions here

11free pages

8concepts

Questions 26–30

26application · medium
A supply chain consortium is modeled after a well-known example where multiple companies in the same industry collaborate on a shared platform to track goods. Which real-world example best illustrates this structure?
Select an answer first
27expert · hard
A consortium operates a supply chain blockchain with nodes run by different members. They are experiencing slow transaction finality and disputes over which version of the smart contract is authoritative. The consortium has no formal change management process. What is the most effective way to address these issues?
Select an answer first
28foundation · easy
Which of the following is a well-known example of a blockchain consortium?
Select an answer first
29foundation · easy
How are members typically managed within a blockchain consortium?
Select an answer first
30foundation · easy
Which of the following is a common challenge faced by blockchain consortia?
Select an answer first

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