It's crucial to comprehend how the blockchain functions before delving into the nuances of how it may be used in supply chains. Simply described, a blockchain is a collection of records organized into blocks and kept on a publicly audited ledger. Because of this open record, any attempts to tamper with, hack, or alter the ledger are instantly discovered. As a result, blockchain-based data can be accessed as a single source of reality. For instance, a procurement manager frequently goes through numerous steps and procedures in an effort to complete a task, which may include numerous parties, people, and different locations. This complex series of events can often end disastrously with only one mistake. However, if you take into account the reliability and security of blockchain, all parties are in agreement and depend on the same data. By doing this, disturbances and mistakes are reduced, and if something does go wrong, it can be fixed right away.