Bockchain technology is currently generating a lot of excitement among financial institutions, major enterprises, public bodies and even individuals. Blockchain is basically the root of the globally recognized cryptocurrency known as bitcoin. Up until the year 2014, world interest grew in bitcoin as an alternative currency until the crash in bitcoin price resulting in an increasing interest in blockchain. Global investment in both bitcoin and blockchain hit a remarkable record of 1 billion USD in 2015.
Trends show that blockchain is an interesting technology set to change financial transactions as the world knows it. Blockchain has been described as an opportunity to recreate the internet. Imagine for a second that you had an idea of the power and benefits of the internet just few weeks before its birth?