As the world steps into the digital age, countries are increasingly embracing blockchain technology to improve their governance systems, not just economic or financial architecture. “If the 20th century belonged to oil, the 21st century belongs to data and digital value.” This idea echoes in the global transformation we see around us.
· The term blockchain refers to a distributed, decentralized ledger, a database of transactions.
o Every 'block' of information contains records of previous transactions, creating a comprehensive 'chain' of records.
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