5. The Role of Blockchain in Business Transactions

Blockchain technology is reshaping business transactions by offering **secure, transparent, and decentralized** record-keeping. Initially popularized by cryptocurrencies, blockchain is now widely used in **supply chain management, finance, and smart contracts**.

Benefits of blockchain in business:

- **Enhanced Security:** Eliminates fraud by maintaining an immutable ledger.

- **Faster Transactions:** Reduces reliance on intermediaries.

- **Improved Transparency:** Every transaction is recorded and verifiable.

- **Cost Reduction:** Reduces transaction fees and paperwork.

Companies like IBM and Walmart are using blockchain to **track product authenticity and prevent counterfeit goods**. As blockchain adoption grows, it will continue to revolutionize industries by providing a **trustworthy and efficient** transaction system.