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Introduction In recent years, blockchain 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 monetary systems. Understanding the importance of DLT is crucial as businesses endeavor to boost their efficiency and safeguarding in a rapidly-changing environment. The Fundamental Principles of Blockchain Technology DLT operates on a public ledger, which is fundamentally a decentralized database that