How is blockchain being appllied in supply chain management and logistics?

In supply chain management and logistics, blockchain provides clarity by enabling real-time tracking of goods from production to delivery. It ensures traceability by assigning unique digital identifiers to products, combating counterfeiting, and verifying authenticity. Blockchain streamlines processes with smart contracts, automating tasks like payments and compliance checks, and reducing paperwork and errors. Moreover, it improves efficiency by eliminating intermediaries and facilitating faster decision-making through real-time data sharing.