Medium2 marksMultiple Choice
ACCA · Question 11 · Business & Technology
Section A
"LogisChain" is a global shipping company that has recently integrated Blockchain technology into its supply chain management system.
Which of the following is the primary benefit of using Blockchain for LogisChain's shipping manifests?
Section A
"LogisChain" is a global shipping company that has recently integrated Blockchain technology into its supply chain management system.
Which of the following is the primary benefit of using Blockchain for LogisChain's shipping manifests?
Answer options:
A.
It automatically physically inspects the cargo at customs checkpoints.
B.
It provides a decentralized, immutable ledger that prevents unauthorized alteration of records.
C.
It replaces the need for any human employees in the logistics department.
D.
It centralizes all data onto a single, highly secure server owned by LogisChain.
How to approach this question
Identify the core characteristics of blockchain technology: decentralized, distributed, and immutable.
Full Answer
B.It provides a decentralized, immutable ledger that prevents unauthorized alteration of records.✓ Correct
Blockchain is a distributed ledger technology. Its primary benefit in supply chains is providing a single, immutable version of the truth that all parties can trust, as records cannot be altered retroactively without network consensus.
Common mistakes
Selecting the 'centralized server' option, misunderstanding that blockchain is fundamentally decentralized.
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