Question

Analyse the role of Blockchain technology in SCM. How does it enhance transparency and traceability in global retail operations?

27 Feb 2026
Answer :
Word Count : 534
Blockchain technology has emerged as a transformative tool in supply chain management (SCM), especially in the context of retail operations, where efficiency, transparency, and trust are critical. In a retail supply chain, products often move through multiple intermediaries including manufacturers, wholesalers, distributors, and retailers before reaching the end consumer. This multi-tiered structure can create challenges in tracking product origins, ensuring authenticity, and maintaining real-time visibility of inventory. Blockchain, with its decentralized and immutable ledger system, addresses these challenges effectively by providing a secure and transparent record of every transaction ________ ___ _____ _________ _____ _______ __________ __________ ________ _______ _______.
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