Over three years have passed with billions of US dollars invested in the technology. Yet, no companies have demonstrated the commercial success of the Blockchain and its applicability to the general consumer base.
In 2014, Blockchain technology was introduced as the technology which underpins Bitcoin. While it is true that the Blockchain is one of the main technologies that support the Bitcoin network, its primary role is to operate a ledger of transactions. Simply put, Blockchain technology's purpose within Bitcoin is to operate as a database for payments.