Ethical Sourcing Ledger

Definition ∞ An ethical sourcing ledger is a distributed database or blockchain record that systematically tracks the origin and progression of goods and materials throughout a supply chain. This system verifies adherence to specific ethical standards, including fair labor practices, sustainable environmental policies, and responsible material acquisition. It provides an immutable record of each stage, significantly enhancing accountability and consumer confidence. Such a ledger ensures comprehensive transparency regarding product provenance.
Context ∞ The concept of an ethical sourcing ledger gains considerable attention in crypto news as businesses increasingly strive to demonstrate corporate social responsibility and combat illicit trade practices. Blockchain technology offers a verifiable and tamper-proof method for recording supply chain data, from initial raw material extraction to final product delivery. This application assists companies in meeting regulatory requirements and consumer demands for ethically produced goods, providing an auditable trail for all stakeholders.