The term ‘blockchain’, like the terms ‘Internet of Things’, ‘big data’, and ‘artificial intelligence’, seems to be one of those recognised by many but usually not fully understood.
Indeed, blockchain currently enjoys a mysterious reputation – a relatively new technology purported to be heralding the future in many industries, yet complicated (or misunderstood) enough to often give rise to little more than confusion or even purposeful ignorance. Of course, most are already familiar – on one level – with what blockchain has ushered in: blockchain is the backbone behind bitcoin.