Analysing the Impact of Blockchain Technology in India’s Digital Economy

Abstract

Purpose: In the backdrop of Digital India and the National E – Governance mission there has been an exceedingly high reliance on the digital infrastructure which acts as an enabler in the process of decentralizing and scaling the Indian digital economy. This paradigm shift entails a significant account of trust and security of data which is to be provided for the end user. It is in this regard, a study is made so as to understand and analyses the assimilation of Block chain technology into India’s digital infrastructure which is to provide robustness and scalability in the technological contours of growing Indian economy.
Design/Methodology/Approach: The research incorporates the application of exploratory method withstanding the requirements of data, review and analysis.
Findings: Theanalysis comprehensively concurs that Blockchain technology acts as an enabler in bridging the gap between the principles and practices of India’s digital economy. It further approves the hypothesis that a robust technological infrastructure acts as an impetus towards the greater goal of financial inclusion.
Originality / Value: The discourse of understanding the significance of digitally enabled financial services is of growing interest. However this paper endeavours to pioneer a link between the social aspects of financial inclusion to that of technological one.