The novel of blockchain was Bitcoin, which has evolved now into a distributed database that stores the objective record of transactions, utilizing cryptography to protect the outcomes. Apart from the virtual currency, other benefits include; in tracking the existence of products, in supply chain, in fulfillment of contracts by use of smart contracts. There are some shortcomings such as scalability and regulation but actively, blockchain is being developed to advertise itself for different sectors assuring the increases of trust and effectiveness of the global economies to come.