For the vast majority of people, the blockchain is an unknown entity. Most people who have heard the term may associate it with cryptocurrencies, but this is an extremely limited view. Blockchain technology has such huge potential. Thinking of blockchain in relation to cryptocurrency is like thinking of the Internet in comparison to email. Email was the first widespread use for the Internet like cryptocurrencies are the first use for blockchain. The elusive creator of bitcoin created the currency as an example of the potential for blockchain technology. Over recent years we have seen the use of blockchain expand into new areas. There is still a lot of experimentation taking place. This means that there are a lot of opportunities as an investor, developer or service provider, but there are also high risks. What we know for sure is that blockchain technology and the whole decentralized system is being adopted at a staggering rate and it looks set to change the way that we interact with our digital worlds.
