# Why is the blockchain imortant?

By [2467.ecc.eth](https://paragraph.com/@2467.ecc) · 2023-08-07

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Blockchain **increases trust, security, transparency, and the traceability of data shared across a business network** — and delivers cost savings with new efficiencies. Blockchain for business uses a shared and immutable ledger that can only be accessed by members with permission.

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*Originally published on [2467.ecc.eth](https://paragraph.com/@2467.ecc/why-is-the-blockchain-imortant)*