Since the emergence of blockchain in 2008 as a distributed ledger to store transactions, there has been an upsurge in literature exploring the capabilities of blockchain technology. The recent explosion of interest in blockchain-based applications...
Blockchain can encourage a circular economy within businesses by utilizing blockchain’s inherent high transparency and traceability. Companies implementing blockchain can confidently authenticate social responsibility claims and track resources via records on the blockchain from the point of extraction through distribution and consumer purchase. Applying blockchain’s high point-to-point accountability to CSR standards offers consumers tranquillity and trust, from business customers to individuals.
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