How can features of blockchain support sustainability efforts?

How can features of blockchain support sustainability efforts?

Hello guys, if you really want to know how can features of blockchain support sustainability efforts then you have arrived at the right website.

In today's article, we are going to discuss its meaning with accurate information. So we would request you to read this article properly till the end.

Also Check This Posts

1. Why does the sun appear reddish early in the morning?
2. What does data warehousing allow organizations to achieve?
3. Why does an aqueous solution of an acid conduct electricity?
4. Why does India have a monsoon type of climate?

Multiple Choice Question

(A). Access to data can improve marketing and reduce costs to growth markets.

(B). Blockchain technologies can reduce a company's overall computing power.

(C). Blockchain technologies can improve a company's energy footprint.

(D). Supply chain data can help companies provide transparency into social issues.

Answer:

• Blockchain is an information tracking technology that makes it hard to alter or manipulate the information system.
• Due to its capacity to provide accountability, transparency, traceability, and cyber-resilience as well as to improve operational efficiency in international partnerships, blockchain is one of the key enabling technologies that can help develop sustainable and secure solutions to achieve these SDGs.
• Sustainability also refers to creating a project or product that is long-lasting, suitable for the future, and has no negative effects on the environment.
• Now that blockchain has the ability to lower development costs for markets and inventories, it also lowers the cost of equipment and technology, which will help the business and industry.
• Thus, it conserves firm funds that can be used for future investments, making the product more sustainable.

Correct answer is Option (B).

If you want to get more information related to this, then you can watch the video given below.

Conclusion

We hope that today's article is related to the correct information about how features of blockchain support sustainability efforts. If you like this post then please comment below.