2018 was the year where cross-industry compelling cases gave the confidence that blockchain is not just a passing phenomenon. While there were a number of initiatives at proof of concepts stage, while a few moved into production as well. Blockchain startups attracted nearly $3.9 bn in venture capital investments in the first 3 quarters of 2018, nearly 3 times bigger than whole of 2017. Technology companies are also making headway in ramping up blockchain capabilities. For e.g. IBM has invested $200 mn in blockchain powered Internet of Things. What works in favor of blockchain is the number of services that can be improved upon ranging from recordkeeping, registration of transactions, document management, supply chain management, and identity management. Its benefits can be reaped by all kinds of businesses across industries ranging from recordkeeping, registration of transactions, document management, supply chain management, and identity management. It is further expected to make substantial progress across industries in 2019 and beyond.

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