As part of its commitment to sustainability, a company is looking for a way to track the source of purchased goods and how they were made, in order to understand the environmental impact. what is the primary technology that would enable the company to achieve this goal?

Question: As part of its commitment to sustainability, a company is looking for a way to track the source of purchased goods and how they were made, in order to understand the environmental impact. what is the primary technology that would enable the company to achieve this goal?

The primary technology that would enable the company to achieve this goal is Blockchain. Blockchain is a distributed and decentralized database that, using cryptographic technology, forms a permanent and secure digital ledger of transactions. With its ability to store a record of every transaction in a secure and immutable form, Blockchain technology can track the source of purchased goods and how they were made, allowing businesses to see the full supply chain and therefore have a better understanding of the environmental impact. Additionally, Blockchain can be used for smart contracts which enhance understanding of the working conditions for suppliers and other associated parties in the supply chain.

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