Question 9 of 15 How can blockchain be used (2024)

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The question you've presented is a multiple-choice question regarding the application of blockchain technology in sustainable business practices. Let's analyze each option to determine the most appropriate use of blockchain for sustainability.#### Solution By Steps***Step 1: Analyze Option A***Option A suggests that blockchain can support sustainable practices by revealing personal information to law enforcement agencies. This option is not directly related to sustainability; rather, it pertains to privacy and compliance with regulations.***Step 2: Analyze Option B***Option B proposes that blockchain should only trade cryptocurrency in countries with strong human rights records. While this option addresses ethical considerations, it does not directly relate to environmental or economic sustainability.***Step 3: Analyze Option C***Option C states that blockchain can be used to track where goods come from and the social impact of supply chains. This option directly relates to sustainability as it allows for transparency and accountability in supply chains, which can lead to more ethical and environmentally friendly practices.***Step 4: Analyze Option D***Option D suggests using large-scale cryptocurrency mining centers to reduce energy consumption. This is counterintuitive as cryptocurrency mining is known for its high energy consumption. Therefore, this option does not support sustainable practices.#### Final AnswerThe most effective use of blockchain to support sustainable business practices is **Option C: by tracking where goods come from and the social impact of supply chains**. This method enhances transparency and accountability, which are crucial for sustainable supply chain management.

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