Blockchain is a term which is constantly brought up whenever we talk about how technology has changed the way we live. For a good reason, blockchain fundamentally transforms our way of life for the better in a multitude of areas. Blockchain is undoubtedly a notable revolution in systems of record. Several of the brightest minds of industries have even described blockchain as the ‘magic beans’ due to the numerous high-level use cases promised by blockchain. Right from the time of its invention, entrepreneurs in industries across the globe have understood the positive implications of this development.