What is Immutability?
Immutability refers to the characteristic of data or records that cannot be altered or deleted after being recorded. This principle is a cornerstone in the realm of digital transactions, underpinning the reliability and security of data management systems. It ensures that once data is added to a digital ledger or database, it remains unchanged, providing a trustworthy and verifiable record of transactions.
This property is particularly valuable in supply chain traceability, as it guarantees the integrity of the data recorded, such as the origins, handling, and transactions associated with a product. Immutability helps prevent fraud, enhances transparency, and builds trust among all participants in the supply chain.
Related terms
Accountability
Accountability ensures that companies can verify the integrity of their supply chains, uphold compliance with environmental and social standards, and respond to any discrepancies or issues with honesty and corrective action.
Risk Assessment in Supply Chain
Risk Assessment in Supply Chain is the process of identifying, analysing, and managing the potential risks and vulnerabilities within a supply chain that could disrupt operations, impact profitability, or harm the reputation of the business.
UK Environment Act
The UK Environment Act is landmark legislation designed to address various environmental issues within the United Kingdom, including air and water quality, waste management, and biodiversity restoration.