Technology & Innovation in Blockchain for Business and Management in Future India
| 2024 | |
| Volume - VII, Issue - I |
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| Technology & Innovation in Blockchain for Business and Management in Future India | |
| Mr. M. R. Ramesh | |
| Blockchian & future Business and Management in India | |
| Blockchain technology, known for its decentralized and immutable ledger system, is rapidly transforming business operations and management practices globally. In the context of India, this innovative technology presents a remarkable opportunity to enhance transparency, efficiency, and security across various sectors. This paper examines the current state and future prospects of blockchain technology in India's business landscape, focusing on its applications in supply chain management, financial services, healthcare, and public administration. By providing a secure and transparent way of recording transactions, blockchain can significantly reduce fraud, streamline operations, and ensure regulatory compliance. The paper also discusses the potential for increased adoption of blockchain across diverse industries in India, driven by ongoing technological advancements and supportive regulatory developments. However, the widespread adoption of blockchain faces challenges such as technical complexity, scalability issues, and regulatory uncertainty. This study highlights the need for a robust regulatory framework and investment in skill development to overcome these challenges. By leveraging blockchain technology, Indian businesses can achieve sustainable growth and maintain a competitive edge in the global market. The insights provided in this paper aim to guide policymakers, industry leaders, and researchers in understanding the transformative potential of blockchain technology for business and management in future India. | |
| Technology & Innovation in Blockchain for Business and Management in Future India | |
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