Blockchain platform technology offers a decentralized approach to tracking, recording, and enabling transactions. It creates a public ledger that leverages a globally distributed network of historical data to prevent tampering and fraud. Each transaction is securely recorded in a database that relies on previous, time-stamped interactions to verify and facilitate new exchanges. Initially developed for financial transactions, blockchain technology is now applicable across various industries, including e-commerce, supply chain management, and data integration. This self-sustaining database allows businesses to document transactions and eliminate fraud, providing the foundation for building applications that depend on secure and transparent exchanges.
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