The first application of blockchain technology was of a financial nature, when the first cryptocurrency – Bitcoin, was created. Apart from new cryptocurrencies, other applications of blockchain are emerging from the research of distributed ledger technologies (DLT) and their upgrades. Wherever it is required to manage a lot of short records that resemble transactions, blockchain proves to be a great solution because it is secure, robust, and stores data in a way that makes it immutable. Several examples suggest that the blockchain and the technologies that have emerged from it will continue to be used in the future. Ethereum and smart contracts bring revolutionary progress and create blockchain 2.0. By creating special programming languages in which programs are written and executed on the blockchain, thus creating decentralized applications, the number of possible applications of the technology is greatly increasing. Financial application has been around for a long time and unsolvable problems are starting to emerge- from which it can be concluded that the time has come for DLT technologies to outgrow the idea of cryptocurrencies and enter all branches of industry in which they are applicable.