The Timeline of Blockchain Technology

Blockchain Study

Chain of History Blocks

1991 – The concept of distributed computing has been around since 1990s. In 1991, Stuart Haber and W. Scott Stornetta published a paper that proposed calculating hash values of documents and saving them with a timestamp. They ideated the concept of a cryptographically secured chain of blocks.

2008 – Bitcoin and the concept of its blockchain were first introduced by Satoshi Nakomoto in the fall of 2008 as a whitepaper.

2009 – Bitcoin released as open-source software.

2011-12 – The deployment of cryptocurrency in application related to cash

2012 – 2013 – Evolution of currency transaction and digital payment systems

2013 – Ethereum, a blockchain platform with the ability to build decentralized applications, was described in a white paper by Vitalik Buterin.

2013- 2014 – Financial markets and application using blockchain beyond cash transactions

2014 – R3 Blockchain consortium formed

2014 – 2015 – Evolution of smart contracts

2015 – Linux foundation unveiled Hyperledger to enhance Blockchain development.

2015 – 2016 – Permissioned blockchain network solutions

2016 – 2017 – Market evolution, sub-development and exploration across industries

2018-2019 – Evolution of phased applications of the blockchain technology and entered as mainstream