Question

How can blockchain be used to support sustainable business practices?
O by tracking where goods come from and the social impact of supply chains
O by using large-scale cryptocurrency mining centers to reduce energy consumption
O by revealing the personal information of its users to law enforcement agencies
O by only trading cryptocurrency in countries with strong human rights records
O I don't know this yet.
Type tere to search

Answer 1

• Blockchains are new technology layers that are rewiring the Internet and threatening to displace existing legacy structures and enterprises that rely on centralization.
• At its heart, a blockchain instils confidence in a network, obviating the need for some intermediaries and upsetting their business models in the process.
• By tracking where items come from and the social impact of supply chains, blockchain can be used to encourage sustainable business practices.

Answer 2

Answer:

Blockchain be used to support sustainable business practices by tracking where goods come from and the social impact of supply chains.

Explanation:

• Blockchain is a system of tracking information or data in a way that it is impossible to change or manipulate the system of information.
• And as we know sustainability means to make up product or project long lasting and fit for the future without any impact in the environment.
• Now as blockchain can reduce the cost of developing the inventory and market, so it also reduces the cost of equipments and the technology which is going to benefit the company and industry.
• There by it saves the company's capital which can be invested in the future and hence makes the product more sustainable

Hence,

Blockchain be used to support sustainable business practices by tracking where goods come from and the social impact of supply chains.

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