Now let's move on to blockchain, the core technology behind the hotly debated Bitcoin and other cryptocurrencies.

A person or team known as Satoshi Nakomoto developed blockchain and Bitcoin, and released them to the public in 2009. The blockchain technology was designed for Bitcoin transactions, as it enables anonymous digital payments between two parties without any third party verification. So, blockchain actually offers a highly secure and decentralized way to transfer digital assets. That's good news for the banking sector and Internet of Things. Blockchain can help improve working efficiency, reduce costs, safely connect all kinds of data and determine a best solution for a variety of corporate problems. Experts expect half of the world's banks to adopt blockchain within two years.