Blockchain technology started gaining significant traction when Bitcoin2 was launched and became popular. Blockchain is the underlying technology of Bitcoin and other digital currencies such as Ethereum. While these cryptocurrencies have unlocked innovation in the digital currency space, there are many use cases leveraging the Blockchain technology for non-currency related areas.
We are very much used to exchanging information across the Internet, e.g. emails, documents, pictures, but when it comes to exchanging value through the Internet, we are just scratching the surface with Blockchain. Things of value are naturally more prone to fraud and theft and in case of some digital assets, measures need to be put in place to prevent double-spending3 . In this context, Blockchain is sometimes referred to as the enabler of Internet of value.”
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