While the last few decades in the technological sphere were characterized by the conjunction of communication and computing technologies, the second era revolves around the combination of mathematics, behavioral economics, and cryptography. The Blockchain promises to disrupt industries and upend business models like the internet just before it – by creating more value.
We’re undoubtedly in the middle of a ‘quiet revolution’ brought about by the Blockchain. As the year is progressing and we are about to see more advances in the technology, here’s a brief history of Blockchain and how it has come so far-
The technology that has gone beyond Cryptocurrencies in its nascent stage is expected to do wonders in the future. There’s no denying that finance sector is likely to be dominated by the Blockchain technology. While central banks are gearing up to leverage Blockchain, and government organizations are looking to use the technology to distribute social welfare, it’s evident that Blockchain is not a fad. It’s catching on and is expected to become mainstream in the coming years.