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Introduction In recent years, distributed ledger technology has emerged as a revolutionary tool for sectors worldwide. The innovative technology underpins the ever-popular cryptocurrencies, but its applications expand far beyond the world of finance. Understanding the importance of blockchain is crucial as businesses strive to boost their effectiveness and safeguarding in a dynamic environment. The Fundamental Principles of Blockchain Technology Blockchain operates on a public ledger, which is fundamentally a decentralized database that maintains a ever-expanding li