CBC CBC Implementation & Project Management 1 — Questions and Answers
Question 1: Which project management framework is most commonly adapted for blockchain implementations due to its iterative delivery approach?
- Waterfall
- PRINCE2
- Agile/Scrum (Correct answer)
- Six Sigma DMAIC
Correct answer: Agile/Scrum
Agile/Scrum is widely used for blockchain projects because its iterative sprints accommodate evolving requirements, protocol changes, and rapid prototyping.
Question 2: During a blockchain proof of concept (PoC), what is the PRIMARY goal?
- Deploy a production-ready system to end users
- Validate that the blockchain approach solves the identified business problem within defined constraints (Correct answer)
- Finalize all smart contract code for auditing
- Onboard all network participants with live credentials
Correct answer: Validate that the blockchain approach solves the identified business problem within defined constraints
A PoC's primary goal is to validate feasibility and confirm that the proposed blockchain solution can address the business problem before committing full resources.
Question 3: What is the recommended approach when migrating legacy data into a new blockchain system?
- Migrate all historical data directly onto the blockchain as transactions
- Store only new data on-chain and keep legacy data in existing systems with integration APIs (Correct answer)
- Delete legacy data and start fresh on the blockchain
- Convert all legacy data to NFTs for immutable storage
Correct answer: Store only new data on-chain and keep legacy data in existing systems with integration APIs
Best practice is to retain legacy data in existing systems and integrate via APIs, placing only new authoritative records on-chain to avoid prohibitive storage costs.
Question 4: Which key stakeholder group should be engaged FIRST when scoping a blockchain implementation project?
- Smart contract developers
- Network infrastructure vendors
- Business process owners who own the pain point the blockchain is meant to solve (Correct answer)
- Regulatory attorneys
Correct answer: Business process owners who own the pain point the blockchain is meant to solve
Business process owners define the problem, set success criteria, and own the use case, making them the essential first stakeholders to engage in scoping.
Question 5: What does a 'token economics' design (tokenomics) define in a blockchain implementation plan?
- The hardware costs for running blockchain nodes
- The rules governing token supply, distribution, incentives, and value flows within the ecosystem (Correct answer)
- The legal classification of tokens under US securities law
- The smart contract language chosen for token contracts
Correct answer: The rules governing token supply, distribution, incentives, and value flows within the ecosystem
Tokenomics defines the economic model of a token-based system, including supply mechanics, incentive structures, and how value is created and distributed.
Question 6: In a blockchain project, what is the purpose of a 'network governance model'?
- To configure firewall rules for node communication
- To define who can propose and approve protocol changes, node membership, and dispute resolution (Correct answer)
- To set transaction fee structures automatically
- To schedule smart contract upgrades
Correct answer: To define who can propose and approve protocol changes, node membership, and dispute resolution
A network governance model establishes the decision-making framework for protocol upgrades, participant onboarding, and dispute resolution in a blockchain consortium.
CBC CBC Implementation & Project Management 1
Which project management framework is most commonly adapted for blockchain implementations due to its iterative delivery approach?