Why is blockchain important because it provides a decentralized, secure, and transparent way of recording and verifying transactions without the need for intermediaries. It ensures data integrity through cryptographic methods, making it highly resistant to tampering and fraud. Blockchain’s key benefits include enhanced security, improved traceability, and cost savings for businesses. By enabling decentralized applications and smart contracts, blockchain is transforming industries like finance, supply chain, healthcare, and more, offering greater efficiency, transparency, and trust in digital transactions.
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