In the previous sections, we looked at how decentralization works and what can be decentralized. In this section, we will look at the following topics:

• Why are decentralization and blockchain being considered as some of the most important platforms or technologies in today's and the future world?
• What is the possible impact this technology can bring to today's world and the futuristic vision?

The blockchain technology has been hailed as a revolutionary technology that can dramatically impact the following key factors that play a key role in the day-to-day activities across the globe:

• Cost of trades or transactions
• Speed of execution 
• Transparency of all transactions
• An involvement of intermediaries
• Security

Each of these factors has implications in almost every industry, be it banking, stock market, legal, agriculture, business, trading, security, medicines, manufacturing, supply chain, bioinformatics, music, and various other service sectors.