Executive-Level Blockchain Strategy from a C-Suite Perspective BBLC Practice Questions (Page 7)

Questions 31–35

1. 31application · medium

   A fintech startup's CEO wants to launch a blockchain-based lending platform. The startup operates in multiple countries with varying securities regulations. The CEO must oversee compliance without stifling innovation. What should the CEO do?

   • ALaunch the platform in all countries simultaneously and address regulatory issues as they arise.
   • BUse smart contracts to automate compliance, eliminating the need for ongoing legal oversight.
   • CHire a compliance officer and establish a regulatory advisory board to review the platform's design and operations in each jurisdiction.
   • DLimit the platform to a single country with the most favorable regulations to avoid complexity.
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2. 32foundation · easy

   How do executives typically align internal stakeholders around a blockchain initiative?

   • ABy focusing only on the IT department, since blockchain is a technical project
   • BBy mandating adoption without explaining the reasons, to ensure quick implementation
   • CBy keeping the initiative confidential until it is fully deployed to avoid disruption
   • DBy communicating the strategic rationale, expected benefits, and impact on each department, and by involving key leaders in the planning process
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4. 33application · medium

   A multinational logistics company's CEO wants to evaluate a blockchain-based shipment tracking initiative. The CFO emphasizes that the project must show a clear ROI within two years, while the CTO warns that a full replacement of legacy systems would be costly and risky. The CEO asks you to frame the strategic value proposition for the board. Which approach best aligns blockchain strategy with the enterprise's long-term goals?

   • ARecommend a full-scale replacement of all legacy tracking systems to maximize the technology's potential and achieve the highest possible ROI.
   • BFocus the board presentation on the technology's novelty and potential future benefits, without specific financial projections.
   • CDelay the initiative until a competitor proves the business case, then adopt the same solution to minimize risk.
   • DPropose a phased pilot that integrates with existing systems, focusing on reducing dispute-resolution costs and improving customer trust, with metrics tied to those outcomes.
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5. 34foundation · easy

   What is the primary role of executive leadership in establishing blockchain governance structures?

   • ATo write the smart contract code for the blockchain network
   • BTo eliminate the need for any governance by making the blockchain fully autonomous
   • CTo manage the day-to-day operations of the blockchain network nodes
   • DTo define the decision-making framework, assign accountability, and ensure alignment with organizational policies and risk appetite
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6. 35application · medium

   A logistics company is creating a blockchain adoption roadmap for tracking high-value shipments. The company has a diverse workforce, including drivers and warehouse staff who are not familiar with blockchain. The executive sponsor wants to ensure smooth adoption. Which milestone should be prioritized early in the roadmap?

   • AFocus only on the technical development and defer all training until the system is fully deployed.
   • BConduct a pilot in one warehouse with a small group of trained staff to gather feedback and refine processes.
   • CImmediately replace the existing tracking system with the blockchain to avoid parallel operations.
   • DDeploy the blockchain network to all warehouses in the first month.
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