Blockchain network enables us to simplify busines processes. For example for BFSI market, Blockchain helps secure the transactions, with the use of Smart Contracts it is guaranteed that the terms and the conditions of the contract cannot be modified, nor they can be hacked.
 

In Industrial sector Blockchain based smart contracts are deployed to reduce cost of verification, arbitration and fraud prevention as the blocks of the chain cannot be changed. Governments started to deploy smart contracts due to the trustworthiness of the system and ease of storing massive amounts of historical data in contracts. 
 

The Blockchain sector's rise will be driven by Smart Contracts, BFSI industry and Fintech in the nearest future and is expected to reach USD 35 billion by 2025.