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Introduction In recent years, blockchain technology has become a groundbreaking tool for industries worldwide. The innovative technology underpins the ever-popular cryptocurrencies, but its applications expand far beyond the world of finance. Understanding the relevance of DLT is crucial as businesses endeavor to boost their efficiency and security in a rapidly-changing environment. The Fundamental Principles of Blockchain Technology Blockchain operates on a open ledger, which is fundamentally a distributed database that maintains a continuously-growing list of re
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