Why is blockchain important because it provides a secure, transparent, and decentralized method for recording and verifying transactions. It eliminates the need for intermediaries by allowing participants to transact directly with each other, reducing costs and increasing efficiency. Blockchain’s immutability ensures that data cannot be altered or tampered with, making it ideal for industries that require secure record-keeping, such as finance, healthcare, and supply chain management. Furthermore, blockchain enables the development of decentralized applications (DApps) and smart contracts, facilitating innovation in a wide range of industries.
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