Understanding the integration of blockchain, digital wallets, and smart contracts

Abstract

Although blockchain technology has been around since the launch of Bitcoin, it is still little understood and often dismissed as merely another digital gimmick. Considered technology’s biggest innovation in the last five years, blockchain is a decentralized, distributed ledger on which transactions are recorded in an immutable way, deployable across diverse sectors – from finance to agriculture, from healthcare to smart cities. Crypto-currencies are one of the first and best-known practical applications of blockchain, but multiple other uses are being developed and adopted by start-ups and large enterprises alike.