Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are the owner of a large textile company .The company is selling read wear garments to international markets .Your buyers are mainly located in

You are the owner of a large textile company .The company is selling read wear garments to international markets .Your buyers are mainly located in EU countries. They are very cautious in their purchases and they would like to know whether you produce the goods according to sustainability standards . They also want to know whether you source from suppliers which also produce according to sustainability criterias. (i.e environmentally responsible such as using clean water and clean energy like renewable sources, socially responsible and respectful to stakeholders etc ) Your company is audited at every 6 months by an worldwide recognized audit company. Your company always get high scores. You asked your suppliers to go through the same process. They are also audited by another international company worldwide accredited.

Pls. identify the expectation of your customers. How would this expectation be met if blockchain would be used by your company ? How would you arrange it for the participants in the network ? Which data would be of critical importance for the participants in the network ? Pls. consider the main benefits of using blockchain in business cases of similar kind , while you are giving your answer .

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Economics Of Money Banking And Finance

Authors: Howells, Keith Bain

3rd Edition

0273693395, 978-0273693390

More Books

Students also viewed these Finance questions

Question

How are the securities lending market regulated?

Answered: 1 week ago