A lot is being said and written about blockchain, particularly
in the context of virtual currencies like Bitcoin (based on the
blockchain technology), as well as the possibilities offered by
this technology for changing the face of the financial and
insurance sector. But blockchain applications do not end with the
finance industry. It is a technology with potential for radical
redesign of many spheres of life, first and foremost those whose
effective functioning requires the trust that was traditionally
provided by third parties like banks, insurers, public registers or
platforms. Blockchain enables secure execution of transactions or
conclusion of contracts between various people without the need for
creation of any additional protections.
