CMA Intermediate · Operations Management and Strategic Management · Digital Strategy
A Pune-based retailer plans to use a distributed, tamper-resistant shared ledger so that its suppliers, logistics partners and banks can all view the same verified record of each shipment without relying on a central intermediary. Which emerging technology does this describe?
The technology is blockchain. It is a distributed, tamper-resistant ledger shared among participants, so suppliers, logistics partners and banks can see the same verified shipment records without a central intermediary. Robotic process automation, virtual reality and cloud bursting do not provide a shared immutable record.
- ABlockchainCorrect
- BVirtual reality
- CRobotic process automation
- DCloud bursting
Explanation
Blockchain is a distributed ledger in which records are shared among participants and are hard to alter once validated. This removes the need for a central intermediary. Robotic process automation only automates rule-based tasks, and virtual reality creates simulated environments, so neither provides a shared verified record.
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