Key Performance Metrics, ROI Models, and Innovation Roadmaps BBLC Practice Questions (Page 3)

Questions 11–15

1. 11application · medium

   An insurance company wants to use blockchain for automated claims processing. The company's strategic goal is to reduce claim processing time by 50% within two years. The IT team recommends starting with a small pilot for one product line. The business unit wants to deploy across all product lines immediately. Which roadmap approach best aligns with the strategic goal?

   • AStart with a pilot on one product line, measure the reduction in processing time, then scale to other lines based on lessons learned.
   • BCreate a roadmap that starts with a marketing campaign to build customer awareness before any technical work.
   • CFocus only on the IT infrastructure and delay any business process changes until the blockchain is fully built.
   • DDeploy across all product lines at once to achieve the 50% reduction faster.
   Reveal Solution Discussion Select an answer first
2. 12application · medium

   A manufacturing company has deployed a blockchain for supplier certification. Six months after launch, the number of active suppliers on the platform is below target, and the certification cycle time has not improved. The roadmap assumed suppliers would join quickly. What should the company do to adapt its roadmap?

   • AReview the adoption KPI and conduct supplier interviews to identify onboarding barriers, then adjust the roadmap with an incentive program.
   • BKeep the roadmap unchanged and wait for suppliers to adopt the platform over time.
   • CLower the adoption KPI target to make the current performance look acceptable.
   • DAbandon the blockchain project because the KPIs are not being met.
   Reveal Solution Discussion Select an answer first
4. 13application · medium

   A retail company is building a blockchain roadmap for product authenticity. The company's strategic goal is to become the most trusted brand in its segment. The IT team has proposed a phased roadmap: Phase 1: pilot with one product category; Phase 2: expand to all product categories; Phase 3: integrate with customer-facing apps. Which aspect of this roadmap best aligns with the strategic goal?

   • APhase 2 expands to all product categories, increasing coverage
   • BPhase 1 pilots with one product category, limiting initial risk
   • CThe roadmap is technology-focused, not strategy-focused
   • DPhase 3 integrates the blockchain with customer-facing apps, directly enhancing consumer trust
   Reveal Solution Discussion Select an answer first
5. 14foundation · easy

   Which of the following is an example of a key performance metric for an enterprise blockchain solution?

   • ANumber of smart contracts deployed on the network
   • BThe color scheme of the blockchain's user interface
   • CThe programming language used to write the smart contracts
   • DThe name of the consensus algorithm used
   Reveal Solution Discussion Select an answer first
6. 15foundation · easy

   Why is it important to incorporate qualitative benefits into blockchain ROI analysis?

   • ABecause they are easier to calculate than financial benefits
   • BBecause they can represent significant strategic value that is not captured by financial metrics alone
   • CBecause they eliminate the need for financial analysis
   • DBecause they are required by accounting standards
   Reveal Solution Discussion Select an answer first