Consider the following statements regarding the core Buddhist philosophical doctrine of Pratityasamutpada or Dependent Origination:
1. It asserts that all psychological and physical phenomena arise in dependence upon multiple causes, establishing that nothing possesses an absolute independent identity.
2. It forms the structural baseline for the twelve links or Dvadasa Nidana that explain the continuous cycle of rebirth and human suffering.
Which of the statements given above is/are correct?