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
Proof of Authority
Proof of Authority (PoA) is a consensus mechanism used in secure digital ledger networks where transactions and block creation are validated by approved accounts, known as validators.
Deforestation Legislation
Deforestation Legislation encompasses the body of laws enacted by governments to control, limit, or entirely prevent deforestation globally.
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.