The internet has a short history when compared to the time that we have had life on earth. But in this very short period of time, it has taken mankind by a storm. There have been several transformation on the way we transact, and communicate since the time internet was developed. The manner in which we maintain a record of transactions and contracts create the basics of our economic, legal and political system. These instruments help us in protecting our assets and setting organizational boundaries. The record of every transaction or contract helps in the establishment and verification of identities as well as in chronicling events. They oversee the interactions between nations, organizations, communities and individuals.

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