Check for the existence of a log file in the BLM directory: /<BLMHome>/log/basis.log
The new BLM (version 20) will create this log file when it starts. If the BLM has been started and the basis.log file doesn't exist, you're not running a version 20 or above version of the BLM. A successful start with a valid license will show a log entry in the file similar to this:
**** Thu Mar 12 09:33:25 2020 ****
**** BLM License version 20, requires license with FEATURE BBJ 20 or higher. ****
An unsuccessful start will show an additional log entry in the file similar to this if the version isn't at least 20:
**** License version 20 required, BBj feature version found was 19. ****
Or this if the feature line is missing:
**** License version 20 required, BBj feature not found. ****