Blockchain technology will become the technology of the future, if you ask the public then they don't know and will definitely give a strange answer. Blockchain technology is being continuously developed and believe, Blockchain, AI, Robot, DNA reconstruction, VR, AR, and IoT is the technology of the future and will be a trend in the future...
Blockchain technology is not common knowledge and even me, I cannot exactly define blockchain technology in technical terms because I am not that familiar when it comes to the technicalities of it. I can understand though the basics of how it functions and how it can help in several industries so that their transactions would be efficient and effective. In the future though when people are more familiar with cryptocurrencies then they can easily grasp the term and be able to describe it in simplest terms.