The finance industry was an early-adopter of blockchain and the technology is now transforming the entire industry. Finance and banking as we know it could dramatically change, with optimised business processes and the sharing of data in an efficient, secure and transparent system. Blockchain began as the technology behind Bitcoin as a way to ensure that payment systems could not be corrupted, hacked or duplicated. Since then, the potential for the finance industry became clear, along with a number of benefits for all parties involved.The financial industry has begun to adopt smart contracts for quicker, cheaper processes, making financial products self-executing and self-maintaining.