ICANManagement InformationInformation Systems in Business2021

Under CAMA 2020, Section 374, every company is required to keep proper accounting records. A company's Chief Information Officer proposes migrating all accounting records to a blockchain-based immutable ledger. Which feature of blockchain technology MOST directly supports compliance with the requirement for records to be accurate and not susceptible to alteration?

ADistributed consensus mechanism ensuring no single party can unilaterally alter recorded entriesCORRECT
BSmart contracts automating the execution of supplier payment terms
CTokenisation of assets enabling fractional ownership of company property
DPeer-to-peer network architecture reducing reliance on a central server
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Why the answer is A, and why the others tempt you.
CAMA 2020 requires that accounting records be accurate and complete. The distributed consensus mechanism of blockchain ensures that any attempt to alter a recorded transaction would require agreement from the majority of nodes, making retrospective falsification computationally and practically infeasible. Smart contracts, tokenisation and peer-to-peer architecture are features of blockchain but do not directly address the immutability of recorded accounting entries.
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