Blockchain Revolution: How the ‘Trust Machine’ Is Transforming Business by 2025
Blockchain is a distributed, append-only ledger where each transaction is grouped into a block cryptographically linked to the previous one, making the system tamper-resistant. Smart contracts on platforms like Ethereum are self-executing code that enforces agreements when conditions are met, operating with no downtime, censorship, or fraud. Walmart and IBM demonstrated a blockchain-based food-traceability system in which tracing a batch of mangoes took 6 days 18 hours with traditional methods but 2.2 seconds on the blockchain. In 2023, JPMorgan, HSBC, and BlackRock announced deepened involvement in blockchain projects, signaling major financial institutions’ adoption. Forecasts suggest that by 2027 as much