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There has been a towering spike in the development of Blockchain Applications in the past few years, and the ecosystem of cryptocurrencies has inflated in an amazing way. The growth of ICOs is likely to swell significantly faster and expected to overtake venture capital funding in the not-so-distant future.

Nevertheless, the government and bold entrepreneurs are collaborating on the many significant benefits of the Blockchain and are actively thinking about how this disruptive technological advancement can be used as the powerhouse of the futuristic crypto-powered apps. Blockchain technology can drive digital reformation of enterprises through automation, digitization of operations, tokenization of physical activities and assets, and codification of cumbersome contracts.