The Blockchain is an encrypted, distributed database that records data, or in other words it is a digital ledger of any transactions, contracts — that needs to be independently recorded. One of the main features of blockchain is that digital ledger is accessible across several hundreds and thousands of computer and is not bound to be kept in a single place.

Blockchain is a technology that has the potential to disrupt many of the legacy systems and centralized industries of today. The financial services landscape is the most obvious beneficiary of blockchain, but there are other sectors where this tech can bring about a transformation.

Yourstory.com — Government was looking at adopting blockchain tech for disrupting and streamlining various sectors. While the sprawling financial services landscape seems to be the foremost sector to profit from this innovative technology, other industries also appear poised to assistance from it.

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