Blockchain is a revolutionary technology that provides an immutable, secure, and transparent record of transactions; by using a distributed ledger, each transaction is broadcasted to every participant in the network, and its cryptographically secured using advanced algorithms, making it impossible for any party to manipulate or alter the ledger, ensuring that all transactions are accurate and secure. 

According to the Custom Market Insights report, the global blockchain retail market size and share revenue were valued at around USD 170 million in 2021 and expected to reach about USD 220 million by 2030, growing at a CAGR of 40% between 2022 and 2030 at a remarkable growth rate that demonstrates the potential of how blockchain technology can revolutionize the retail industry.

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