Thanks to Bitcoin, ‘blockchain technology’ is now a commonly used term in the financial sector. But blockchain is increasingly making an appearance in other sectors as well. The possibilities seem endless and many believe this technology will have a major impact on how we live and work. What is it and what makes it so unique? To put it briefly, blockchain technology is an uncrackable process in which transactions between different parties are documented digitally. In 2009, Bitcoin was the first concrete application. But blockchain’s biggest promise lies not in creating an international digital currency like Bitcoin, but in automating trust. Sometimes referred to as ‘a shared, unilateral source of truth’.