When the first car was created by Daimler, they would never have imagined a Koenigsegg or a Pagani today! It’s the same case with blockchain. It is at a nascent stage and even at this level, the utilities look promising. There are issues with scalability – while bitcoin can only process of a maximum of seven transactions per second, Visa can process 1700 transactions per second.

If the issues of scalability and adaptability are addressed effectively, it is quite sure that blockchain will be the order of the future! The growing number of blockchain platform providers and the number of blockchain technology service providers steadily growing is standing and resounding testimony to the fact that it won't be long before a lot of processes are centralised under this decentralised ledger!

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