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Blockchain technology offers the key benefit of providing an immutable ledger that cannot be altered once recorded. In supply chain management, this means that every transaction or movement of goods is permanently recorded on the blockchain and cannot be tampered with. This immutability ensures data integrity and transparency across the entire supply chain, allowing stakeholders to track the history of products and verify the authenticity of data without relying on a single point of control. By using blockchain, all parties involved in the supply chain—from manufacturers to retailers—can trust the shared record, reducing fraud, errors, and discrepancies. The transparency provided by blockchain also improves trust among parties in the supply chain, as every step of a product's journey can be traced and verified in real-time. This helps ensure that products meet safety and quality standards and helps resolve disputes efficiently. Why Other Options Are Incorrect:
Which nation was India's largest trading partner from January to July 2024?
Which organization has been designated as the Nodal Centre for ISRO's START programme?
The Ministry of Women and Child Development has released a centrally-sponsored scheme_____for the children to secure a healthy and happy childhood for e...
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Recently a new species of spider naming Pseudomogrus Sudhii has been discovered in which state of India?
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