Blockchain is an exciting new technology that is slowly proving to be a radical innovation since Internet that triggered previous industrial revolutions. Blockchain technology features like disintermediation, improved transparency, and increase auditability can significantly reduce transaction costs, introduce efficiency into existing value chains, challenge revenue models, and open new markets. It's potential to disrupt existing economic and business models through productivity gains to multiple industries has been very promising. while there are merits, like any new technology,
Blockchain is going through its maturity cycle and questions about its scalability, interoperability, security, transition costs, data privacy, and governance will need to be addressed before it achieves widespread adoption.