The blockchain is a digital database that contains transaction records that are immutable and authenticated. Using blockchain technology, which operates as an open ledger, every transaction on the network is recorded and made available for all entities or participants in the network to see and verify (consortium blockchain). As a result, blockchain eliminates the need for firms to transfer information via mail or other forms of communication. The blockchain centralises information sharing between businesses, ensuring transparency in supply chain management at all levels. Blockchain technology's highly technical nature makes it difficult for businesses to comprehend.