Blockchain technology is crucial for tracking and managing supply chains effectively. It provides a transparent and immutable ledger that records every transaction in the supply chain, enhancing traceability. This transparency allows businesses to verify the authenticity of products and enhance accountability among partners. By decentralizing data storage, blockchain minimizes the risk of fraud and errors. Moreover, smart contracts can automate various processes, improving efficiency. Ultimately, the use of blockchain fosters trust among stakeholders, streamlining the complexities involved in supply chain management.