Blockchain is an extremely promising technology that can facilitate any process among multiple parties which requires acknowledgement, agreement, and settlement in a transparent manner.  Different from today's transaction processes which are largely centralized and facilitated by industry utilities, the Blockchain allows for Peer to Peer acknowledgement, settlement and clearance.  Which such an enormous context there are multiple contextual definitions such as:  functional, technical, and business impact.

While much of the focus today is on the enabling technology the focal point should be how Blockchain facilitates the Internet of Value since it is the linking of people, institutions, and assets in an improved, enhanced process.