Even though the blockchain concept was first introduced to the world in 1991 by W. Scott Stornetta and Stuart Haber, the technology rose into popularity not until 2008. During this time, Satoshi Nakamoto introduced the first digital currency, Bitcoin, which was built of blockchain technology.
The first mining of a Bitcoin block took place in the year 2009, which marked the beginning of the practical application of blockchain technology. This revolutionary introduction was all that was needed to create a spur in various industries, and since then, several industries, including FinTech, healthcare, and real estate, have been efficiently using the technology of blockchain to carry on secure transactions and proceed with transparent transaction mechanisms.