Just a few years ago, the idea of central banks adopting anything resembling cryptocurrency seemed unlikely. Cryptocurrencies were still the subject of a great deal of doubt around the world, and many governments and financial institutions were making a specific effort to note that they had nothing to do with digital currencies

Blockchain technology, like any other emerging technology in the human history, is rejected by the traditional powers and there is resistance against it. 

Due to the features of the Blockchain network, i.e., transparency of information and data, being tamper-proof, and the speed and precision of the network, in combination with other technologies, it can have many advantages.

“Smart contract” is among the terms which are frequently used in the world of Blockchain. The engineers active in the field of Blockchain and Fintech do highly apply smart contracts. 

With the development of Blockchain-based technologies, the growth and development of applications and different infrastructures which are busy working in this network are steadily increasing.

Blockchain, the technology behind Blockchain, and cryptocurrencies have brought about a big transformation in different technologies. Cryptocurrencies, tokens, and distributed systems became known via Blockchain. Blockchain has created many transformations in many areas, such as authentication and information security.

One of the major objectives of Blockchain revolution is to create new forms of management and design for the organizations. The Decentralized Autonomous Organizations (DAOs) are among the organizations that introduce new organizational design to the world compared to the traditional examples.

In 2008 when Satoshi Nakamoto created Blockchain, he succeeded in drawing the public’s attention to itself; although the concept behind this technology has been suggested for at least three decades. In 1991 two persons introduced this concept who were working on the encrypted blocks chain

In 2017, investors from all over the world invested more than 6 billion dollars in Blockchain and crypto startups. The price of Bitcoin was booming; new cryptocurrencies were entering the market, then suddenly, the market crashed

Switzerland is one of the pioneer countries in the field of Blockchain. It has well joined the world of Blockchain. One of the reasons of the growth of this technology in Switzerland is the pursuit and the interest of its government to develop Blockchain