The crypto market capitalization enjoyed a fantastic bull run in 2017, with financial experts valuing it at $90 billion. The wide acceptance by investors has pushed the market to grow more than ten times in valuation in just two years and has stimulated and kept the pace of the bull run. There are different types of digital currencies in the market today that have caught the world’s attention as the blockchain technology it is based on is advanced. For an individual or company to thrive in today's digital age, it must adapt to the dynamic technologies that may threaten its existence if not properly harnessed. More companies are shifting their sights to digital marketplaces as it enables them to connect to people outside their target. It has proven to be more effective than traditional advertising. These transformational trends are a mix of technology and effective business models. They are based on patterns such as investments and the influence of the younger generation. With the advent of the 5G technology, the cost of reliable internet and mobile telephony will crash as people will demand more effective and cheaper access. More people will require access to affordable connectivity and data. The use of blockchain technology can be done in both financial and non-financial manners. With blockchain, it becomes impossible to tamper with data or hack into the system. The openness of the public blockchain brings people all around the world together, whereas the private blockchain ensures that a closed ecosystem can also thrive with blockchain capabilities. Blockchain has recently emerged as an important tool that can enable critical distributed applications without requiring centralized trust. For example, public blockchains have been used to enable many different cryptocurrencies. Unfortunately, existing public blockchains and smart contracts deployed on them may disclose sensitive information.