Transformation with blockchain has enabled new and state of the art technologies to reform the way we exchange value. Considered as the second generation of the Internet, blockchain was introduced with the aim to ease and secure transactional processes. Although a relatively new technology, blockchain is booming. In 2017, the global market for the blockchain technology became as big as 339.5 million U.S. dollars in size and is forecasted to grow to 2.3 billion U.S. dollars by 2021.