Use of blockchain technology transaction process and history are more transparent. Data on a blockchain is more consistent, accurate and transparent than when it is pushed through the paper-heavy processes. It is also available to all people who have permission access.

Improved traceability: When exchanges of the product are recorded on a blockchain, you end up with an audit trail which was shows where an asset came from. This transaction information can help to verify the assets and avoid frauds.

Security: Blockchain is considered to be a highly secure system due to its encryption and digital signature. The system is specially designed to be convenient, secure and tamper-proof.

Speed: Transactions process are faster than a usual way as there is no need to add payment systems, that reduce the cost and increases the processing speed.

Access levels: Users need to pick between open blockchain systems accessible for anybody and the ones requiring consent where every node should be approved first for the client to enter.