India, March 17 -- Blockchain, in simple words, is an anonymous online ledger, which keeps a growing list of records, called blocks, linked using cryptography where each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. It was invented back in 2008, as a Peer-to-Peer Electronic Cash System by an inventor with the pseudonym Satoshi Nakamoto.

It is a concept, simple yet so complex and diverse in its use-cases, some people already speculate that this is a phenomenon similar to the revolution brought by the Internet. Speaking about the industrial application of the blockchain -Finance is one of the leading areas this technology is traversing its roots into.

The early birds to file a patent on bloc...