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
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.
Distributed Ledger Technology (DLT)
Distributed Ledger Technology (DLT) refers to a decentralised database that is consensually shared and synchronised across multiple sites, institutions, or geographies, making it accessible to multiple participants.
Identities
Identities refer to the unique representation of individuals, organisations, devices, or software within a network or system. Digital identities can include a wide range of information, such as usernames, digital certificates, and cryptographic keys, used to authenticate and authorise entities in digital transactions and interactions.