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Introduction In recent years, blockchain technology has emerged as a revolutionary tool for industries worldwide. This advanced technology underpins the ever-popular digital currencies, but its impact reach far beyond the world of finance. Understanding the importance of blockchain is crucial as companies strive to enhance their efficiency and safeguarding in a rapidly-changing environment. The Fundamental Principles of Blockchain Technology Blockchain operates on a open ledger, which is essentially a distributed database that maintains a ever-expanding list of rec