Buoyed by claims of increased transparency and transactional security, the buzz around blockchain technology peaked in the latter half of the last decade. With its core structure being a tamper-evident distributed ledger, blockchain technology allows for decentralisation of value transactions. These factors make it not just accessible, but also secure, transparent, tamper-proof yet still traceable. Its potential to be used in sectors like banking, healthcare, pharmaceuticals, supply chain management, education, digital identity and logistics has only strengthened its case.
Estimates suggest that the revenue from global blockchain technology will see exponential growth in the future. In fact, the global market for blockchain is expected to cross over $39 billion by 2025. These estimates also show that the financial sector has seen the largest adoption of blockchain technology among all…
