Blockchain technology is gaining significant traction across industries. Before blockchain, the financial sector was reliant on banks as intermediaries, like trusted third parties. They safeguard our money, however, the processes are slow with hefty fees. Blockchain is a type of distributed ledger technology. It demonstrates that multiple entities can use a single secure, shared system of records with rich features. It was the Ethereum project that used the idea to use blockchain outside of finance. It proposed to eliminate the utilization of banks as middlemen between individuals and businesses transacting across borders, Ethereum blockchain application development with smart contracts and tokenization model has disrupted intermediaries across virtually every industry.