Status Check on Blockchain Implementations in India

6 Pages Posted: 4 Nov 2018

See all articles by Vijaya Kittu Manda

Vijaya Kittu Manda

Gandhi Institute of Technology and Management (GITAM), Institute of Management

Aruna Polisetty

GITAM University, Visakhapatnam - Department of Finance

Date Written: July 27, 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

Suggested Citation

Manda, Vijaya Kittu and Polisetty, Aruna, Status Check on Blockchain Implementations in India (July 27, 2018). Available at SSRN: https://ssrn.com/abstract=3265654 or http://dx.doi.org/10.2139/ssrn.3265654

Vijaya Kittu Manda (Contact Author)

Gandhi Institute of Technology and Management (GITAM), Institute of Management ( email )

Rushikonda
Gandhi Nagar
Visakhapatnam, 530045
India
+919849519188 (Phone)

Aruna Polisetty

GITAM University, Visakhapatnam - Department of Finance ( email )

Visakhapatnam, Andhra Pradesh
India

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