Blockchain technology is significant in supply chain management as it enhances transparency, traceability, and efficiency. By recording transactions on a decentralized ledger, all stakeholders gain real-time access to the data, minimizing errors and fraud. Each transaction is securely linked and immutable, promoting trust among participants. This technology enables companies to swiftly identify bottlenecks, authentically verify product origins, and ensure compliance. Overall, blockchain fosters a more streamlined and resilient supply chain ecosystem.