Authors:Â Rushikesh Kamble, Renuka Patil, Riya Shelwante, Bhagyashri Kankekar, Prof. S.S. Navale
Abstract:Â India, a fastest growing economy in the world, has a great potential in attracting global customers and adapting to new technologies and changes. Digitalization has great capabilities which in turn improve and enhance the connectivity in nearly every sector of its economy. But at times the distribution of these approaches is uneven among a few sectors of government. Adapting to the latest growing technology will in turn help in bringing great value and a drastic change in the mode of operations/work for the large group of people out there.
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Blockchain is one such technology. Due to its feature-like decentralized approach, secure, immutable, tamper proof nature it is being adopted by each and every sector globally. Funds in India, on the contrary, are a heated topic and various schemes issued in public interest are allotted tons of money as funds. Due to the lack of transparency, Blockchain can be used to bridge that gap and to provide a fully secure, immutable environment for funds tracking.
Keywords: Block chain, Ledger, Block chain applications, FundsÂ
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