How can blockchain technology revolutionize the supply chain management process?

Blockchain technology, known primarily for its role in cryptocurrency, has the potential to bring significant transformation to the supply chain management sector. By utilizing its decentralized and immutable ledger capabilities, blockchain can enhance transparency, reduce fraud, and increase efficiency. Imagine a system where every transaction and movement of goods is tracked in real-time and accessible to all participants without the need for an intermediary. This can drastically cut down on delays and errors, often costing billions annually. As supply chains become increasingly complex due to global trade, how might integrating blockchain streamline operations and bolster trust among businesses and consumers?