Blockchain is future of competitiveness

If you search for “Blockchain Summit” on Google, you will find more than 100 conferences organised to take place in the remaining two months of the year. Why has the world suddenly become so animated by this emerging technology?

Along with Artificial Intelligence (AI), blockchain has become one the foundational technologies of future competitiveness. Blockchain is characterized by blocks of records that are linked using cryptography. Each block holds an encrypted record of the previous block to provide an immutable timestamp and transaction data. It is becoming clearer how blockchain gives power to individuals engaged in a common activity.