Blockchain should be given the credit for transmuting the meaning of the word ‘ledger’. Once thought to be an archaic reference to record keeping, it has now made a comeback into the world of technology. The blockchain is a transparent, immutable, decentralized, and secure digital ledger that can be used for record keeping.
These attributes bring in a lot of applications across various industries, including, but not limited to, healthcare, real estate, politics, and above everything, finance! It has to be stated here that the thunder of the blockchain was initially stolen by the Bitcoin, a cryptocurrency which is an offshoot of blockchain technology. Owing to its lucrativeness, availability, and anonymity of transactions, the Bitcoin overshadowed the blockchain.