What is Blockchain and Why is it Important

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Blockchain: How Technology Changes Business and the Economy
Blockchain
Blockchain is transforming the way we manage data, transactions, and business processes. In recent years, its use has expanded beyond cryptocurrencies to become an important tool in finance, logistics, healthcare, and other areas. Analysts predict that the global blockchain market will reach $163 billion by 2029.
The article answers key questions: what is blockchain, why is its implementation important for business, and how to use this technology to improve efficiency. The reader will receive a clear understanding of the principles of operation, practical methods of application, and advice on minimizing risks.
Blockchain

Blockchain is a distributed brunei bulk sms packages ledger of data where records are combined into sequential blocks. Each block is linked to the previous one through a cryptographic signature, which eliminates the possibility of changing the information without the consent of the network participants.
Main advantages:
Transparency: All network participants have access to one version of the data.
Security: Recordings are cryptographically protected and cannot be falsified.
Automation: Using smart contracts eliminates the need for intermediaries.
Examples.

Finance. Banks use blockchain to optimize international transfers. For example, the Ripple network has reduced transaction times from days to seconds.
Logistics: Maersk and IBM have implemented the TradeLens platform, which automates the exchange of documentation between supply chain participants.
Blockchain
Analysis of the situation
Important indicators and data