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ACCA Strategic Professional · Strategic Business Leader · Enabling success: disruptive technologies

Kestrel Logistics is considering distributed ledger (blockchain) technology to record shipment handovers among competing carriers, customs and customers. Which feature of the technology most directly addresses the main problem of disputes over who held goods and when?

The shared, immutable, time-stamped record is the key feature. All parties can verify the same tamper-resistant history of handovers, which removes the need for reconciliation and reduces disputes about custody. Central administrators, predictive analytics or cloud scaling do not create a jointly trusted record.

  1. ACentralised control by a single trusted administrator who edits records
  2. BAn immutable, shared and time-stamped record that participants can all verifyCorrect
  3. CMachine learning that predicts delivery delays from historical data
  4. DCloud elasticity that scales computing capacity during peak demand

Explanation

A distributed ledger gives all parties a shared tamper-resistant record of transactions, reducing disputes and the need for reconciliation. A single administrator would reintroduce the trust issue, and prediction or scaling does not create an agreed record.

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