Abstract

— Blockchain technology is generating a lot of buzz around the world. If the results of staff and analyst surveys become more extensive, different industries and use cases found can benefit from the adoption of Blockchain. However, the emphasis has been on money rather than on the fundamentals of blockchain technology, such as peer-to-peer networks, encryption, and consensus methods. Despite early reservations about the technology, governments and large companies have recently attempted to implement and expand it in a range of applications, ranging from the banking, social, and legal sectors to architecture, manufacturing, and procurement networks. Given the size, diversity, and sophistication of the mechanisms involved in delivering a wide range of public services, India's governance poses particular challenges. Blockchain technology has the ability to completely transform government, industry, and citizen relationships in ways that were unimaginable just a decade ago. Our paper aims to illustrate the particular problems that have been encountered since their execution, as well as usage cases that the government and companies should investigate.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.