Question

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

01 Mar 2026
Answer :
Word Count : 612
Blockchain technology has emerged as a transformative innovation in Supply Chain Management (SCM), especially in global retail operations where coordination among manufacturers, suppliers, distributors, logistics providers, and retailers is highly complex. In retail supply chains, maintaining accurate records, ensuring product authenticity, and managing information flow across international boundaries are major challenges. Blockchain technology addresses these issues by creating a decentralized, secure, and transparent digital ledger that records every transaction across the supply chain network. In traditional supply chains, information is stored in centralized databases controlled by individual organizations. This often results in data silos, lack of coordination, delayed information sharing, and increased chances of fraud or manipulation. Blockchain eliminates dependency on a single authority by allowing all authorized participants to access shared and synchronized records. Every transaction entered into the blockchain is verified through consensus mechanisms and permanently recorded, making it nearly impossible to alter or delete data without network approval. Transparency is significantly enhanced through blockchain technology because all stakeholders can view real-time information related to product movement, ownership transfer, inventory levels, and shipment status. In global retail operations, products often pass through multiple countries and intermediaries before reaching consumers. Blockchain enables retailers to monitor
____ ________ __________ _______ ____.
____ _____ _______ __________ _________ ________ ________ __________ ______ ___ ________ ______.
________ _______ ____ ______ ____ ______ _________.
______ __________ ________ _______ ____ _________ __________.
____ ___ ______ ___ ____ _________.
___ ______ __________ _________ ________ ________ ______ ___ _________.
_____ _________ ___ _________ _______ _____ _____ _____ __________ ___ __________.
____ _________ ____ ____ __________ ________ ________ ______ ____ ________.
_______ ____ ____ __________ ________ __________ ______.
__________ ______ ___ __________ ___ ____ __________ ______ ______ __________ ____ ________.
____ _________ ________ _____ _______ _______ __________ ____.
_____ _______ ______ __________ _________ __________ _______ _____ ____ _____.
____ __________ _____ _________ _______ ____.
______ ____ ________ _______ ________ _______.
_______ _________ __________ ________ _____ _____ _____ _________ _______ _____ ______ ___.
_________ ____ ___ _____ ____ _________ ____ __________ ________.
______ ________ ______ ____ ____ ____ _______.
________ ________ ________ _______ ______ ____ ____ ___.
________ ______ _____ ____ ____ ______ _________ _________ ___ __________.
_______ __________ _____ ____ ___ _________ _________ _______ ________ ___ ____ ______.
_____ ___ ____ _______ ______ ____ ___ _________ ___ __________ ___ _______.
___ _________ _____ ____ __________ ___ _____ ____ ____ ______.
_______ ______ _________ _________ ____ _____ ______ __________ _____.
___ ____ _______ _____ ________ ________.
_________ _______ __________ __________ ____ ______ __________ _________ _______ ________ ______ ________.
_______ _________ __________ __________ _____ __________ _______ ________ ____ _____.
______ _________ ___ ________ __________ ___ ___ _______.
________ ____ ______ ________ ________ ______ ______ __________ _________ ______ __________.
__________ _________ ________ __________ _________ ______ ___ __________.
__________ ___ __________ __________ ___ _____ _________ _______ ______.
_______ ____ _______ ___ ________.
____ _______ ________ ________ _____ ________.
_____ __________ _____ _________ ______ ________.
________ __________ ________ ________ ____ _________ __________.
______ ____ _______ ____ ______ ____.
______ _____ ____ _________ __________ __________ ___ ____ ______ ____ ________ ________.
_____ ________ _____ ____ _________ _______.
___ __________ _______ _______ _______ ________ ______ ____.
_________ ________ _____ ____ _________ ______ ________ __________ ______ ______ ______.
____ __________ ____ _______ ______ ________ ____ ___ ___ ____ _________ ______.
_______ ________ ______ ________ ____ ______ ________.
_____ __________ ______ ______ _______ __________ ________ ___ _________.
____ _____ _________ __________ _____ ___ ____ ___.
__________ _________ __________ _______ ___ _________ ___ _______ ___ _______ _______.
________ ______ _________ ___ ______ _________ ____ ________ _____ _______ ___.
___ _______ _____ __________ ________ ______ _______ __________.
_________ ____ _____ ________ __________ _______ ____.
_____ _______ __________ ______ _______.
___ ______.
IGNOU ACADEMY
Your IGNOU journey, made easier.
  • Solved Assignments
  • Study Notes
  • Guess Papers
  • Question Papers
Skip in 10
Top
📞
Call Support Instant phone assistance IGNOU BRL 115 2026 - Analyse the role of Blockchain technology in SCM. How does it enhance | IGNOU Academy
→
🟢
WhatsApp Chat Fast live messaging
→
Email Us Business enquiries & support
→