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Introduction In the era of digital transformation, understanding blockchain technology is important for businesses across the board. This cutting-edge technology is reshaping the way we carry out business and trade. Body Content Understanding Blockchain Technology Fundamentally, blockchain is a decentralized database that allows secure, clear, and immutable record-keeping. Blocks are made of information that is secured by cryptographic algorithms. Additionally, when a block is created, it cannot be altered, providing trust within the network. Applications of Bloc