2017 is predicted to be the year that the Blockchain technology moves towards main stream implementation.

To visualize this, let us consider a use case of a credit card processing giant, that facilitates new commerce opportunities for the digital transfer of value by allowing businesses and financial institutions to facilitate transactions on a distributed ledger. In this use case, the distributed digital ledger will be shared within a network of computers held by the participating businesses and financial institutions. The participants in the network will have copies of the existing Blockchain, and approval for any new transaction is subject to the decision of the majority of the participants. The new block is added to the Blockchain once the transaction’s validity is authenticated.

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