International Journal Of Engineering And Management Research

  • Year: 2022
  • Volume: 12
  • Issue: 1

Metamorphosing Indian blockchain ecosystem

  • Author:
  • Jyoti Mahajan1, Rajesh Mahajan2, Dileep Kumar Singh3,*
  • Total Page Count: 11
  • Page Number: 77 to 87

1Assistant Professor, G.H. Raisoni Institute of Management & Research, Khaperkheda, Nagpur, India

2Associate Professor, Amity Business School, Amity UniversityChhattisgarh, India

3Assistant Professor, Amity Business School, Amity UniversityChhattisgarh, India

Abstract

A blockchain is a decentralised database that is shared across computer network nodes. A blockchain acts as a database, storing information in a digital format. The study primarily aims to explore how in the future, block chain technology will alter several areas of the Indian economy. The current study aims to obtain a deeper understanding of blockchain technology's idea and implementation in India, as well as the technology's potential as a disruptive financial technological innovation.

Secondary sources such as reports, journals, papers, and websites were used to compile all the data. Current and relevant information were utilised to help understand the research goals. All the information is rationally organised to fulfil the objectives. The current research focuses on recommendations for enhancing India's Blockchain ecosystem so that it may become one of the best in the world at utilising this new technology.

Keywords

Blockchain, Ecosystem, Banking Industry