Executive-Level Blockchain Strategy from a C-Suite Perspective BBLC Practice Questions (Page 8)

Questions 36–40

1. 36application · medium

   A pharmaceutical company's CEO wants to use blockchain to track drug supply chains and combat counterfeits. The company's sales teams are concerned about revealing distributor data, and regulators require transparency. How should the CEO align internal and external stakeholders?

   • AHold workshops with sales, distributors, and regulators to co-design the data-sharing model, balancing transparency with competitive sensitivity.
   • BKeep the data-sharing model confidential until launch to avoid leaks of competitive information.
   • CLet each distributor decide what data to share, and only share aggregated data with regulators.
   • DMandate full transparency of all data to satisfy regulators, overriding sales team concerns.
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2. 37foundation · easy

   When evaluating blockchain from a C-suite perspective, which outcome best illustrates a strategic value proposition?

   • ADeploying a blockchain to reduce the number of IT staff required for system maintenance
   • BCreating a new revenue stream by enabling a tokenized loyalty program that increases customer engagement
   • CImplementing blockchain solely to satisfy the CEO's personal interest in emerging technology
   • DReplacing the company's existing database with a blockchain to store all internal records
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4. 38application · medium

   A new CEO of a traditional bank wants to articulate a blockchain vision that aligns with the bank's long-term goal of becoming a digital-first financial institution. The bank has a conservative culture and a legacy IT environment. Which vision statement would best align with the enterprise's goals while being realistic?

   • AWe will replace our core banking system with blockchain within two years to become fully decentralized.
   • BWe will use blockchain to enhance our digital services, starting with cross-border payments, while gradually modernizing our legacy systems.
   • CWe will adopt blockchain only if our competitors do, to minimize risk.
   • DWe will create a separate blockchain subsidiary to isolate all innovation from the main bank.
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5. 39application · medium

   An insurance company is developing a blockchain-based claims processing system. The executive sponsor wants to create an adoption roadmap that includes clear milestones and resource allocation. Which element should be included in the roadmap to ensure effective change management?

   • AA communication plan that includes regular updates to employees and training sessions for claims adjusters.
   • BA technical architecture review scheduled for the final phase of the project.
   • CA legal review of smart contracts to be conducted only after the system is fully built.
   • DA decision to outsource all change management to the vendor to save internal resources.
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6. 40foundation · easy

   Which statement best reflects how a C-suite executive should articulate the role of blockchain in the enterprise's long-term strategy?

   • ABlockchain is a tool that can enable new business models and operational efficiencies, but its adoption must be aligned with the company's strategic objectives and value creation goals
   • BBlockchain is a mandatory technology that every enterprise must adopt to remain competitive, regardless of strategic fit
   • CBlockchain is primarily a cost-saving measure that should be implemented solely to reduce IT expenses
   • DBlockchain is a passing trend that should be monitored but not actively integrated into strategic planning
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