Blockchain Adoption and Maturity Model BFC Practice Questions (Page 4)

Questions 16–20

1. 16foundation · easy

   Which of the following is a common regulatory barrier to blockchain adoption?

   • AUncertainty about how existing laws apply to blockchain-based transactions
   • BThe lack of a need for legal recognition of smart contracts
   • CThe absence of any regulatory frameworks for digital assets
   • DThe certainty of regulatory treatment across all jurisdictions
   Reveal Solution Discussion Select an answer first
2. 17application · medium

   A consortium of five banks wants to reduce cross-border settlement time from days to minutes. They have a shared regulatory reporting obligation and need to prove to auditors that each transaction is immutable and traceable. Which adoption driver is the primary motivation for this initiative?

   • ARegulatory compliance and auditability
   • BCompetitive pressure from fintech startups
   • CRevenue generation from new digital assets
   • DCost reduction through disintermediation
   Reveal Solution Discussion Select an answer first
4. 18application · medium

   A company has completed a successful pilot on a permissioned blockchain with a small group of partners. They now want to expand to production with more nodes and additional use cases. According to a typical blockchain maturity model, which stage are they entering?

   • AIntegrated / Optimized
   • BInitial / Ad Hoc
   • CDefined / Managed
   • DRepeatable / Scalable
   Reveal Solution Discussion Select an answer first
5. 19expert · hard

   A company has a mature blockchain platform and wants to expand to new use cases. They have limited budget and need to prioritize. They have identified three potential use cases: one with high regulatory risk, one with high technical complexity but high business value, and one with low complexity and moderate value. What should be the priority in their roadmap?

   • AStart with the high-regulatory-risk use case to address compliance early
   • BStart with the high-complexity, high-value use case to maximize impact
   • CRun all three use cases in parallel to save time
   • DStart with the low-complexity, moderate-value use case to achieve a quick win
   Reveal Solution Discussion Select an answer first
6. 20expert · hard

   A consortium of insurance companies is considering blockchain for automated claims settlement. The consortium has a strong business case but is concerned about the lack of common standards and the potential for disputes over smart contract logic. What is the most important driver to emphasize to gain stakeholder buy-in?

   • AThe ability to eliminate all disputes through smart contracts
   • BThe potential for reduced claims processing time and lower administrative costs, while acknowledging that standards and governance are still needed
   • CThe promise of fully automated claims with no human intervention
   • DThe opportunity to be the first in the industry to use blockchain
   Reveal Solution Discussion Select an answer first