Understanding the Future Prospects in The Indian Financial Sector Through Blockchain Technology Related Innovations

Abstract

Outcomes of the blockchain technology and of the resultant innovations will bring in a new renaissance in the Indian financial sector, if adequate measures can be taken for its efficient implementation. The concerned technology supports the entire structure for the delivery of services by the Indian financial sector in a more cost effective, faster, secure and accurate manner for a gigantic customer base. Moreover, the resultant virtual currency innovation through this technology will create a new space in the existing field of means of exchange of the world.