Question

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

06 Aug 2026
Answer :
Word Count : 593
Blockchain technology plays an important role in Supply Chain Management (SCM) by creating a secure, decentralized, and shared digital record of transactions and product movements. In retail supply chains, where products pass through manufacturers, suppliers, distributors, warehouses, logistics providers, retailers, and customers, blockchain can improve the flow of reliable information among all participants. Traditional supply chains often depend on separate databases maintained by different organizations, which can create information gaps, delays, duplication, and difficulties in verifying product information. Blockchain addresses these challenges by recording transactions in a distributed ledger that authorized participants can access and verify. One of the major roles of blockchain in SCM is improving transparency. Every significant transaction or movement of a product can be _______ _____ _______ _____ ____ _____ ____ _____ ____ ________.
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