Question

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

10 May 2026
Answer :
Word Count : 459
Blockchain technology has emerged as a transformative tool in supply chain management (SCM), particularly in the retail sector, by addressing long-standing challenges related to transparency, traceability, and efficiency. In traditional retail supply chains, information flows are often fragmented, with multiple intermediaries such as manufacturers, distributors, logistics providers, and retailers handling discrete portions of the process. This fragmentation can lead to inefficiencies, data inconsistencies, and even fraudulent activities, affecting product quality, delivery schedules, and overall customer trust. Blockchain, as a decentralized and immutable digital ledger, provides a solution by creating a single, tamper-proof record of every transaction and movement of goods across the supply chain. One of the key contributions of blockchain in retail SCM is enhanced transparency. Each participant in the supply chain can record and access real-time data about products, including production dates, batch numbers, shipment details, and handling conditions. Since blockchain records are immutable, they cannot be altered retroactively, which reduces the risk of misinformation or deliberate tampering. For instance, retailers can immediately verify whether a batch of perishable goods has been stored at the correct temperature
________ __________ ____ ________ ___.
__________ _____ _________ _____ __________ _______ _________ ______ _______.
_____ _________ ____ __________ ________ ___.
______ ____ _____ ________ _________ ___ ______ ____ _____.
__________ ____ _______ ________ _______ _______.
______ __________ _________ ______ ________ _____ ______ _____ _________.
_________ _______ ______ __________ ________ __________ _________ ____.
___ _________ ______ _______ _______ ________ _____ _____ ______ _____ ____ _____.
_______ ___ __________ __________ ___.
__________ ______ __________ ______ ________ _____ ___ ___.
_______ _________ ____ ______ ________ ________.
______ ____ ______ __________ _______ ____ ______ ___.
_______ ____ _____ ___ ________ _________ ___.
__________ ____ ______ ___ ________ _______ _______ ________ _________.
________ ___ _____ ________ ____ _____ _________ ______ ____ ______ ____.
__________ ________ __________ ______ ______ ______ ______ _______.
__________ ____ _____ __________ _____ _________ ________ ___ __________ ______ ________.
__________ ______ __________ ____ ___ _________.
_________ _____ _____ _____ ____ _________ _________.
______ _____ _____ _____ ________ ____.
_________ ________ __________ _________ _________ ________ _________ __________.
______ ________ ______ ______ ___ ____ _______ ____ ________.
__________ ____ _________ ______ ________.
______ ___ ____ _______ ________ _________ ______ _________ _____ ________ ______.
_______ _____ _________ ________ _______ ___.
______ ___ ______ _____ ____ __________.
___ __________ _________ _________ ______ ________.
______ _____ _________ _______ ______ ___.
________ ________ ____ ______ ________ _____ ______.
____ ______ __________ ________ __________ ___.
________ ________ ______ ________ _____ ________ __________.
__________ ___ ________ _________ _________.
______ ______ __________ ______ _________ ________ ____ __________ _______ _______ ____ ________.
______ ___ ________ __________ ___.
____ ________ ___ ___ _______ ____ ______ ____ ______.
____ ___ __________ _____ _________ __________ ___.
_______ ____ _________ ______ _______ ________.
_______ _________ ________.
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
→