question archive “You are the owner of a large textile company
“You are the owner of a large textile company
Subject:BusinessPrice: Bought3
“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 .
