Cryptocurrencies would be a great alternative to traditional banks – if people understood how to use them. Status is an app that makes cryptocurrency-using platforms more user-friendly by breaking down the barriers that prevent the public from understanding blockchain technology.

Digital currencies like Bitcoin and Ether may be increasingly commonplace, but understanding how they work can be a minefield. And this lack of clarity is affecting people's attitudes – many Americans see them predominantly as a tool for criminal activity, rather than a form of legal tender.

Blockchain, the digital scaffolding behind cryptocurrency bitcoin, has hit critical mass and is being taken seriously by major conglomerates and governments alike. Canvas8 spoke to technology strategist Paul Armstrong to understand how it might make an impact beyond the financial world.

Blockchain is being touted as the next great technological disruptor, with financial firms investing heavily and cyber-libertarians hoping it’ll enable decentralised transactions and P2P commerce. But can it break into everyday usage, or will it become just another buzzword from the world of tech?