Question

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

18 Mar 2026
Answer :
Word Count : 465
Blockchain technology has emerged as a transformative tool in supply chain management, particularly in global retail operations where complexity, scale, and the need for coordination among multiple stakeholders create significant challenges. It is a decentralized and distributed digital ledger that records transactions in a secure, immutable, and transparent manner, thereby addressing long-standing issues related to trust, visibility, and efficiency in supply chains. In retail supply chain management, blockchain plays a critical role by creating a single, shared version of truth accessible to all authorized participants, including suppliers, manufacturers, distributors, logistics providers, and retailers. Traditionally, supply chains suffer from fragmented data systems, where each entity maintains its own records, leading to inconsistencies, delays, and information asymmetry. Blockchain eliminates these silos by enabling real-time data sharing across the network, thereby improving coordination and decision-making. One of the most significant contributions of blockchain is the enhancement of transparency. Every transaction or movement of goods is recorded as a block, which is time-stamped and linked to the previous block, forming a
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