Unblocking Blockchain Potentials

Abstract

The goal of this paper is to research and present the current developments and future prospects of the blockchain technology throughout economy. Since it was introduced within the Bitcoin, blockchain became a buzzword repeated everywhere, often a proposition of panacea for the global problems. However, in the meantime the world of cryptocurrencies experienced a typical boom-bust cycle which many left wandering if blockchain technology was anything more than a hype. This paper aims to establish a brief overview of the possible implementations of distributed ledger (blockchain) technology in the context of the fast growing information society: blockchain may be the essential tool in the economy based upon Internet-of-things, new mobile connectivity standards and big(ger) data.