Blockchain technology offers a number of advantages, including decentralization, immutability, transparency, security, efficiency, smart contracts, cost-effectiveness and traceability and audibility. The decentralized nature of blockchain allows for a more secure and transparent system, the immutability ensures the integrity and accuracy of the data, the transparency allows all transactions to be visible to all users, the advanced cryptography ensures the security of transactions, efficiency is achieved by automating many processes, smart contracts enable self-executing contracts, it is cost-effective to maintain and operate than traditional systems and allows for tracking and tracing the origin and history of products.