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Status Check on Blockchain Implementations in India
Research Article
Authors: Vijaya Kittu Manda & Dr. Aruna Polisetty
DOI: https://dx.doi.org/10.2139/SSRN.3265654
Publisher: SSRN
Journal Volume Link on Publisher Website
Publication Date: 2018
Abstract: India’s demonetisation of November 2016 has become a major trigger for the country to move towards digitization and become a cash-free country. Though in their nascent stages, newer and potentially disruptive innovations such as Cryptocurrencies and Blockchain have the potential to replace paper money with digital currency providing a de-centralized and secured environment. Blockchain features such as distributed computing, confidentiality, authenticity, non-repudiation, data integrity, and data availability can help a populous country like India to turn into a cash-free economy. Blockchain make tremendous impact on the financial sector, particularly in speeding up and simplifying cross-border payments, in share trading, by way of smart contracts, improving online identity management and in loyalty and rewards (Deloitte; 2018). This paper is an attempt to check out some of the blockchain implementations in India done so far in regard to embracing the technology, both within and outside the financials domain.
Keywords: blockchain, smart contracts, supply chain, cryptocurrency, financial solutions, finance sector, banking, economy
Google Scholar Link | Research Gate Link
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