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Introduction In recent years, 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 blockchain is crucial as companies strive to enhance their effectiveness and security in a rapidly-changing environment. The Fundamental Principles of Blockchain Technology Blockchain operates on a public ledger, which is essentially a distributed database that maintains a ever-expanding l