Question

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

27 Apr 2026
Answer :
Word Count : 476
Blockchain technology has emerged as a transformative tool in supply chain management, particularly in the context of global retail operations. At its core, blockchain is a decentralized digital ledger that records transactions across multiple nodes, ensuring data integrity, immutability, and real-time visibility. In retail supply chains, where products move across numerous intermediaries, countries, and logistical processes, blockchain addresses the critical challenges of transparency, traceability, and accountability. One of the primary advantages of blockchain in retail supply chains is enhanced transparency. Each transaction or movement of goods—from sourcing raw materials to delivering finished products to the _______ ____ ___ _____ _____ ____ ______ _______ ______ _______ _________.
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