Blood diamonds

Another example comes from a company called Everledger, which is working to resolve the long-standing issue with blood diamonds. Their aim is to track the origin of each diamond and record it on an immutable blockchain database.

Similarly, other startups are aiming to solve the problems of counterfeit art and other luxury goods with blockchain technology.

Gradually, distributed ledgers will become a part of our everyday lives in many different areas, helping to improve the way that we make payments and investments, the way that we register our properties, how we verify our identity, and even the way that we vote in elections.