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Introduction In recent times, distributed ledger technology has emerged as a revolutionary tool for sectors worldwide. This advanced technology underpins the ever-popular cryptocurrencies, but its impact expand far outside the world of finance. Understanding the importance of DLT is crucial as businesses strive to boost their efficiency and security in a rapidly-changing environment. The Fundamental Principles of Blockchain Technology Blockchain operates on a public ledger, which is essentially a decentralized database that maintains a continuously-growing list of