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2021 | OriginalPaper | Chapter

13. Blockchain for Financial Technology: Challenges and Opportunities for India

Authors : Anup Kumar Saha, Suborna Barua, Shobod Deba Nath

Published in: The Impact of Artificial Intelligence on Governance, Economics and Finance, Volume I

Publisher: Springer Nature Singapore

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Abstract

The chapter explores the challenges and opportunities of Blockchain-based Financial Technology applications from the Indian perspective. Blockchain has a recent hype worldwide and India responds to it making itself open to both the challenges and opportunities. India has niche societal characteristics, which makes its Blockchain confrontation unique than the other countries exposed to this technology. This chapter contributes to the understanding of these niche characteristics to identify the unique challenges and opportunities of implementing the Blockchain technology from the Indian perspective.

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Footnotes
1
RBI is the central bank of India.
 
2
Here, Proof of Concept (PoC) is the evidence from a pilot study, important in order to check the feasibility of deploying a new technology.
 
3
Stellar provide its specialized consultancy services in Electrical, Low Voltage, HVAC, and Public Health Engineering.
 
4
Institute for Development and Research in Banking Technology was established by the Reserve Bank of India for its technologyrelated activities. Available at https://​www.​idrbt.​ac.​in/​conferences.​html.
 
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Metadata
Title
Blockchain for Financial Technology: Challenges and Opportunities for India
Authors
Anup Kumar Saha
Suborna Barua
Shobod Deba Nath
Copyright Year
2021
Publisher
Springer Nature Singapore
DOI
https://doi.org/10.1007/978-981-33-6811-8_13