This paper presents MoveChain, a blockchain-based solution designed using the Move programming language, to automate and secure product ownership management in supply chains. Our approach ensures the immutability of ownership records, integrates the Internet of Things (IoT) to monitor real-time product conditions and promotes participant accountability. We implement and evaluate MoveChain on the Sui blockchain, demonstrating its flow, interactions, and cost efficiency. Results indicate that our solution improves security and traceability while addressing the scalability and complexity challenges of blockchain-based supply chain management systems, providing a robust and scalable foundation for property management in various industries