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Blockchain Through the Years: History and Recent Applications

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Published on May 22,2019

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“We have elected to put our money and faith in a mathematical framework that is free of politics and human error,” Tyler Winklevoss, co-creator of Facebook and top investor in Bitcoin, about blockchain.

Blockchain is a technology that is revolutionizing the IT industry. Even though this trending approach is almost a decade old, not many of us know about its and rise to power. Furthermore, most of us believe that the applications of this technology are limited to cryptocurrency.

Let’s take a few minutes to understand how blockchain became the world-changing technology it is right now. The following infographic will give you an overview of the forerunners of this revolutionary approach. We will also cover a few of its mainstream applications.

blockchain through the years 1

blockchain through the years 2blockchain through the years 3

The Rise and Rise of Blockchain

As you can see, there’s more to blockchain than just cryptocurrency and Bitcoin. In fact, this trending technology is one of the few approaches that can be applied to almost any field. You may also be aware that most leading IT companies have started working on projects on this decentralized system. For instance, Facebook has recently formed a dedicated team of experts to explore this field. Their official statement was something along the lines of, ‘… blockchain is going to be a crucial part of the new internet.’ It’s quite evident that blockchain is changing the way most technologies work. And, this is going to keep happening for at least a decade from now.

Hope you were able to learn something new about blockchain through this infographic. We are going to be publishing more interesting content about this revolutionary technology over the course of this month. If you are interested to discover more facts about this trendsetter, subscribe by clicking the button on our homepage!

We’d also love to hear your thoughts and queries in the comments section below. So, feel free to let us know about them and we’ll be glad to interact with you.

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