What is the main benefit of using blockchain for supply chain management?

The main benefit of using blockchain for supply chain management is increased transparency and traceability. Blockchain technology allows for the creation of a secure and immutable record of transactions, making it easier to track the movement of goods throughout the supply chain. This can help to reduce the risk of fraud, counterfeiting, and errors, as well as improve efficiency and accountability in the supply chain. Additionally, blockchain can also help to streamline processes, reduce costs, and improve collaboration between different parties in the supply chain.

Enhanced Transparency and Traceability