Why is Blockchain important because it revolutionizes data management by offering transparency, decentralization, and security. It eliminates intermediaries, reduces fraud, and ensures data integrity through immutable records. In industries like finance, supply chain, and healthcare, blockchain enhances operational efficiency, reduces costs, and fosters trust. Its applications range from smart contracts to secure identity verification and decentralized finance, driving innovation across sectors. As a foundational technology for Web3, blockchain enables decentralized applications and fosters the creation of trustless systems, making it a cornerstone of the digital economy.
