BlockChain CBBF : Certified Blockchain Business Foundations ExamExam Dumps Organized by Ah Kum
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Test Number : CBBF
Test Name : Certified Blockchain Business Foundations
Vendor Name : BlockChain
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The CBBF test
is a 70 question multiple-choice test
that lasts 1.5 hours and is a performance-based evaluation of basic Blockchain skills and knowledge. Internet access is not provided during the exam, nor is any course material or study guides.
Scores and Reporting
Official scores for exams come immediately following the test from Pearson VUE. A passing score is 70%. test results are reported PASS/FAIL and you will be provided your percentage. Blockchain Training Alliance does not report scores on individual items, nor will it provide additional information upon request.
The Certified Blockchain Business Foundations (CBBF) test is an elite way to demonstrate your knowledge and skills in this emerging space. Exams are conducted at Pearson VUE.
The guide helps to cover the four sections sections of the exam:
- General Blockchain Knowledge
- Why Use Blockchain
- How Blockchain Works
- Using Blockchain for Business
Target Roles Include:
- IT Leadership
- Key Business Managers
- Network Operations
- Business Analysts
- IT Consultants
- Project Managers
- Systems Integrators
- Help Desk / Service Desk
- Managed Service Providers
- Solution Providers
- Sales Staff
- Government Officials
A person who holds this certification has demonstrated their understanding of the following:
- Blockchain Basics
- Why an organization should or should not use Blockchain
- How Blockchain Works
- Implementing Blockchain in Business
- Blockchain Use Cases
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returned in 2017, i was the executive operations officer of an commercial enterprise blockchain startup. with the aid of all accounts they were a fairly a hit early-stage business; they had constructed prototypes on their permissioned Ethereum virtual computer for a number banks including Deutsche financial institution, Barclays and credit score Suisse. SWIFT constructed its first prototype blockchain gadget using their software. Few VCs had been fascinated.
commonly, in different meetings with diverse companies in diverse countries, all would ask the equal question:
“So. Are you doing a token?”
related: New Binance-Backed DeFi web page lets you Earn Yield on Bitcoin, other Non-Ethereum belongings
My response become uniform. “Of course I’m now not doing a f*!@&ng token, you mind-useless savages,” i'd believe, earlier than politely responding something alongside the strains of, “it is my considered opinion that the present apply of elevating dollars by the use of direct sale to the general public is a violation of securities law.” no longer that anybody cared, whether they be shiny new VCs or the ancient and unexciting VCs already in my cap table. After closing a bridge circular, my own VCs decided that, indeed, a token sale would be in the business’s future; I left the company to do other things (namely, re-qualify in the U.S.) and the business raised greater funds.
Preston Byrne, a CoinDesk columnist, is a partner in Anderson Kill’s expertise, Media and allotted systems neighborhood. These opinions don't seem to be criminal advice, and don't signify the place of his legislation firm, partners past or current valued clientele, or itinerant mobs of indignant marmots.
in the end, the company didn’t finish up selling any tokens. but as a minimum I bought the pride of being right about the total don’t-promote-tokens-as a result of-you-will-get-dinged-with the aid of-the-regulator factor neatly forward of time. returned within the heady days of 2014, my friend and expert crypto historian Tim Swanson wrote this op-ed in CoinTelegraph, where he quaintly said ICO tokens as “cryptoequity,” per the lingo adopted by means of Joel Dietz and one of the crucial earliest investment-initiatives-on-the-blockchain, a decentralized crowdfunding platform known as “Swarm.”
equal once more in 2017, when I advised that the new SAFT be aware constitution – which divided a token issuance into two steps, one inner most sale and later one public distribution – supposed “the SEC can’t nail a corporation for issuing a SAFT… however the yet-to-be-created tokens continue to be fair game,” which is exactly what took place when choose P. Kevin Castel dominated, in Securities and change fee v. Telegram, Inc. that the tokens and the ostensibly legally compliant “GRAM purchase Agreements” pursuant to which they had been offered constituted a single “scheme” for the purposes of the Securities Act, and for this reason the inner most placement exemptions Telegram thought utilized to its offering fell away.
related: what's DeFi?
In every of the incredible s**tcoin booms of the previous – 2014 and 2017 – there had been voices who advised crypto entrepreneurs to tread cautiously and those that have instructed them to cost forward. Of the 2014 old, only a handful of schemes, which have been without doubt fraudulent (e.g. PayCoin,) wound up being prosecuted; the PayCoin case ended in a multi-million dollar agreement with the SEC and jail time.
Others, like Ethereum, skated; now not as a result of they weren’t securities offerings when made but, i think, and as invoice Hinman hinted, because the SEC seen additional action as being akin to closing the stable door after the horse had bolted.
There could be s**tcoin apologists in the crypto-felony or crypto-felony-adjacent neighborhood, americans devoid of consumers, who assuredly shout from the rooftops that ‘this time it’s diverse!’
The 2017 increase become met with a a little swifter, and broader, response. a couple of small schemes like Paragon and Airfox, and decentralized exchanges (DEX) like EtherDelta, have been firstly focused in late 2018, with bigger fish like EOS fined in 2019. The picture changed into confused considerably when Director invoice Hinman of the of the SEC’s Division of service provider Finance made his speech “When Howey Met Gary (Plastic)” in June 2018 that seemed to suggest purposeful decentralized networks would be exempt – a view that became later invoked via Kik in defense to the SEC action brought in opposition t it just about a yr later, curiously without success. That enforcement wave continues: only this week, Unikrn turned into ordered to pay a $6 million penalty and shut down its coin, and numerous other coin issuers from 2017 are doubtless nevertheless inside the SEC’s crosshairs or negotiating their settlements.
Now, once again, in 2020, a new era of entrepreneurs believes it has found the proverbial philosopher’s Stone that allows you to flip s**tcoin lead into gold. individuals of the “crypto bar” warn the community no longer to have confidence attorneys who dare to indicate that this new brand of s**tcoin is categorically out of bounds. Crypto Twitter is abuzz with the standard questions about no matter if flogging cash for enjoyable and income that enable balloting rights on a DEX is or is not a security.
whether here's the case will, as with all things, rely on the records as they healthy within the three-prong look at various from SEC v. W.J. Howey and the precedent that follows it. besides the fact that children, generalizing significantly, extra frequently than not, a coin that airdrops or is pre-offered in colossal quantities to americans goes to attract consideration from American regulators and, as encountered in the wild, is likely to satisfy the Howey prongs.
See also: Redel/Andoni – DeFi Is similar to the ICO growth and Regulators Are Circling
As this boom expands, there might be s**tcoin apologists in the crypto-prison or crypto-legal-adjacent community, americans without customers, who assuredly shout from the rooftops that ‘this time it’s different!’ in long Twitter threads optimized for engagement. different cheerleaders will say that entrepreneurs are leaving money on the table with the aid of now not doing a Uniswap-trend airdrop to the American public, and what a loser you are if you steer clear! delight in staying negative!
The data are these: not all tokens are securities; this they understand from the free up of a number of no-action letters to that impact. but as a practical be counted, many, if not most, of them will be. No intellectual gymnastics, no suppose items, no cryptographic magic grime, no novel naming conventions, and no “gotchas!” can work around the incontrovertible fact that courts work with financial reality, and economic reality on this most fresh DEX token airdrop looks an awful lot like an investment contract.
it's additionally true that there are, certainly, international locations on the planet that do countenance token choices. Go there. U.S. securities laws aren't supposed to restrict the sale of tokens in those locations. within the wake of the Telegram case, despite the fact, there can be little question – none in any respect – that there are severe restrictions on conducting token sale endeavor in the U.S., which comprises airdrops, and which additionally include airdrops regarding DEXs.
See also: Preston Byrne – Telegram’s TON became built on Sand. Its Failure Isn’t All unhealthy For Crypto
many of us would prefer this no longer be the case. I count myself amongst them. A liberal token-providing regime in the U.S. would create a lot more criminal work for cryptocurrency-literate transactional legal professionals. That this is the case may result in American startups having much less adoption and fewer access to capital.
This however, it's the case, and in case you wish to stay away from spending years in litigation with the federal government, I imply drawing near this market with a cool head and never giving into the temptation – or power – to “do whatever” to maximize your exploitation of it.
The SEC can also not move today nor the following day nor even a year from now when it comes to any particular issuance. neither is there a requirement that cash exchange hands for the issuance to be deemed a sale. The SEC’s guidance has recommended that so-referred to as “airdrops” can fall inside this rubric. Consideration is not only funds – it will also be work, effort and the attendant raise in price that arises from it.
The SEC’s slowness – the indisputable fact that it has completed nothing about Uniswap at this time – is not a waiver of its enforcement powers, and being on the receiving conclusion of one of its subpoenas is no much less painful effectively since it waited a couple of years to hit you with it.
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