Executive-Level Blockchain Strategy from a C-Suite Perspective BBLC Practice Questions (Page 10)

Questions 46–50

1. 46foundation · easy

   From an executive decision-making perspective, what is the most significant strategic value proposition of blockchain for an enterprise?

   • AProviding a fully automated decision-making system that replaces human judgment
   • BEnabling trust and transparency among multiple parties through a shared, tamper-evident ledger
   • CGuaranteeing immediate cost savings by eliminating all IT infrastructure
   • DEnsuring complete data privacy by making all data visible to everyone
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2. 47expert · hard

   A multinational bank is exploring a permissioned blockchain for cross-border payments. The initiative involves multiple jurisdictions with conflicting data privacy regulations. The C-suite must decide how to oversee regulatory compliance without stifling innovation. Which approach best balances compliance and innovation?

   • ADefer all compliance decisions to the legal department and keep the blockchain team separate from regulatory discussions.
   • BImplement a single global compliance framework that applies uniformly across all jurisdictions to simplify oversight.
   • CChoose a single jurisdiction with the most favorable regulations and base the entire system there to avoid conflicts.
   • DEstablish a governance structure that includes legal, compliance, and business leaders, and adopt a modular architecture that allows jurisdiction-specific compliance rules to be configured.
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4. 48foundation · easy

   Which approach best demonstrates executive alignment of external stakeholders (e.g., partners, customers, regulators) for a blockchain initiative?

   • AEngaging them early in the design process to understand their needs and incorporate their feedback into the solution
   • BRequiring external stakeholders to adopt the solution without modifications
   • CAnnouncing the initiative publicly only after it is fully operational to avoid scrutiny
   • DLimiting communication to legal disclaimers to minimize liability
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5. 49foundation · easy

   What is the executive's primary role in regulatory and compliance oversight of a blockchain strategy?

   • AGuaranteeing that the blockchain is completely unregulated to maximize innovation
   • BWriting the legal contracts that govern the blockchain network
   • CEnsuring that the blockchain initiative operates within applicable legal and regulatory frameworks and that compliance risks are managed
   • DDelegating all compliance responsibilities to external auditors without oversight
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6. 50expert · hard

   A consortium of banks is forming a blockchain network for trade finance. Each bank has its own governance policies and competitive interests. The consortium needs a governance framework that balances collective decision-making with the need to move quickly. Which governance model should the executive leaders adopt?

   • AA fully decentralized model where every member has equal voting rights on all decisions, including technical changes.
   • BA model with no formal governance, relying on informal agreements among CEOs.
   • CA tiered governance model with a steering committee for strategic direction and technical working groups for operational decisions.
   • DA model where the founding bank retains veto power over all decisions to ensure stability.
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