Blockchain – A lesson in history

In November 2008, Satoshi Nakamoto presented his now famous Bitcoin Whitepaper, titled, A Peer-to-Peer Electronic Cash System to the tech world and in so doing effectively kick-started the bitcoin frenzy. Nine years later and bitcoin would take the world by storm, reaching a peak valuation of over $600 billion in December 2017.

At that point, no less than 24.5 million people were using the technology worldwide, and for every second up to 7 bitcoin transactions were completed.

 However, while the general populace (fueled by the media frenzy) cast their glance on bitcoin, venture capitalists, developers, and financial industry leaders (the likes of JP Morgan) focused on its less famous cousin, Blockchain.

It was in fact, the technology on which bitcoin itself subsisted. Blockchain technology presented a revolutionary way of doing things (case example of which is bitcoin), and it was very much apparent that mastering it was essential to push the boundaries of innovation