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Introduction In recent years, distributed ledger technology has become a groundbreaking tool for sectors worldwide. This advanced technology underpins the ever-popular digital currencies, but its impact reach far outside the world of monetary systems. Understanding the importance of blockchain is crucial as companies endeavor to boost their efficiency and safeguarding in a dynamic environment. The Fundamental Principles of Blockchain Technology Blockchain operates on a public ledger, which is fundamentally a distributed database that maintains a ever-expanding list o