The evolution of Blockchain technology has taken the internet by storm. Not only has it become the core mechanism of many crypto currencies, it has called the attention of the business sector because its potential for use extends far beyond the confines of crypto currencies. Blockchain related technologies are promising both for business and governments, but their legal status is still evolving across the world. The main promise of Blockchain lies with it being fully decentralized. No one can tamper with completed transactions, and even if someone tries to make up some “fake” transactions, none of the validators will approve them. The next step in Blockchain growth could be smart contracts, which offer many benefits to the financial services industry. However, Blockchain is going to change the way businesses are managed, how legal transactions are handled, how people can buy and sell commodities and services. We will also see the creation of industry-specific foundations that will release coins and that will be participated by Microsoft, Fujitsy, USBank, Deutsche Telekom, and other big players that are already moving their first steps in this field.