The benefits of using blockchain for supply chain management include increased transparency, traceability, and security. Blockchain technology enables all parties to access a tamper-proof record of transactions, facilitating trust among stakeholders. By tracking products from origin to final destination, companies can verify authenticity and reduce fraud. Moreover, smart contracts automate processes, improving efficiency and reducing delays. Blockchain simplifies data sharing, ensuring that relevant parties have real-time access to information, which enhances decision-making. Overall, integrating blockchain into supply chains optimizes operations and mitigates risks, ultimately leading to cost savings and improved customer satisfaction.