Transformation of Financial Trading With Blockchain Technology in India
Sadhna Bagchi, Debasis Mohanty, Ram Girdhar · Advances in business information systems and analytics book series · 2023
Blockchain technology is creating triumph all over the world with its presence, and the combination of artificial intelligence and blockchain technology will prove to be more impactful in the coming decades. The various countries of the world are assimilating blockchain technology in the financial trading system because it is robust and secure. It has been observed that after the pandemic, Indian consumers have overcome the fear of using online transaction systems. The usage of smart gadgets, speedy networks, increased product services, and the flood of startups has created a conducive ecosystem for online financial transactions. This study attempts to assess the use of blockchain in financial sectors by various countries. Blockchain is the next generation of technology for any field that needs security, privacy, speed, and accuracy. Financial systems is a field facing problems like financial fraud, data theft, late settlement, and data manipulation. The use of blockchain technology on a large scale will create a secure financial ecosystem in India.