• BBA in Finance
    Co-created with Jain University
    4.3 out of 5 by 211 learners
    2x
  • MBA in Investment Banking
    Co-created with Jain University
    4.5 out of 5 by467 learners
    2x industry demand
  • MBA in Fintech
    Co-created with Jain University
    4.4 out of 5 by 349 learners
    2x industry demand
  • Post Graduate Program in Business Management with NMIMS
    Co-created with NMIMS
    4.7 out of 5 by 669 learners
    4x Industry Demand
  • Post Graduate Program in Banking and Credit Underwriting
    4.7 out of 5 by 1376 learners
    12 X industry demand
  • Post Graduate Program In Finance And Accounting
    Co-created with Grant Thornton
    4.9 out of 5 by 238 learners
    14 X industry demand
  • Professional Certification in FinTech
    Co-created with SP Jain School of Global Management
    4.6 out of 5 by 1421 learners
    6X industry demand
  • Credit Risk and Underwriting Prodegree
    Co-created with Moody’s Analytics
    4.6 out of 5 by 1139 learners
    4X industry demand
  • Banking And Wealth Management Bootcamp
    4.6 out of 5 by 1429 learners
    3X industry demand
  • Post Graduate Program In Capital Markets
    4.7 out of 5 by 807 learners
    3X industry demand

Blockchain has revolutionized the whole world and India is no exception to it. No doubt, the introduction of such a dynamic technology can make any economy’s heart pound. Looking at the myriad applications of blockchain right from the finance sector to the healthcare sector, India has finally adopted blockchain technology for aiding its various ailing industries. One of the main reasons why India is so curious to inculcate blockchain in multiple sectors is the benefit of information consensus among numerous parties. There are reams of data to be shared among various parties with no trust mechanism among participants. Therefore, the role of blockchain becomes essential, and it must is viewed with a broader perspective i.e. beyond cryptocurrencies.
blockchain-in-financial-services

BANKING SECTOR

The only sector to show substantial interests in blockchain is the banking sector. All the major banks are experimenting with it to ensure safe and secure money transfers. Since all the banks tend to spend a significant portion of their time on transferring money, the introduction of blockchain will reduce this time along with the time spent on tracing transactions. The blockchain is highly trustworthy, none of it has hacked yet. It is high time that banks must stop toying with open contracts and public ledgers.
Also Read: Future of Blockchain Technology

ELIMINATING CORRUPTION AND ENSURING EFFICIENT PUBLIC ADMINISTRATION

India is captivated in the palms of corruption since decades, and none of the governments has been able to remove the menace and obliterate its roots. Now, blockchain deserves an opportunity to prove itself.
A public blockchain stores all the information on a database securely and most important publicly which can’t be altered or changed at any cost. No intermediaries are involved in between thus reduction in red-tapism is evident as well.
Thus, keeping all the risks and uncertainties aside it can be guaranteed that blockchain will add one more layer of security to data.FinTech Banner

KEEPING LAND RECORDS

Andhra Pradesh became the first state in India to use blockchain to maintain land records. It provides a buyer with historical details about the land ownership rights and land registry. But, the process of land keeping has challenges within itself. It has to ensure that the first entry made while creating blockchain should be indisputable and accurate. Blockchain would be of no use if the data entered for lands having disputes over them and whose area has not been measured correctly. Moreover, luring landholders to provide information about their property is an uphill task.

HEALTHCARE SECTOR

The government of India is already spending a lot to boost its healthcare sector. The induction of blockchain into this sector can prove to be cherry on the cake as it will make the system more efficient. Healthcare is one of the data-deficient sectors in India. A lot of time is invested in the compilation of various details related to patients which must be instead spent on providing medical facilities to those who are in dire need of them.

CREATING EMPLOYMENT OPPORTUNITIES

The advent of new technology imbibes curiosity in one and all. Likewise, the introduction of blockchain has created a buzz among netizens. There is high demand for jobs in the blockchain sector such as blockchain developer and blockchain system architect. NITI Aayog’s pilot project for spreading blockchain technology, IndiaChain has created excitement among the youth to delve deeper into this arena.

FUTURE OF BLOCKCHAIN IN INDIA

Thus, in addition to all the sectors as mentioned above, India can aim to use blockchain in various other areas such as online advertising and space technology. Budding blockchain developers must join hands with the government to boost this technology in India.
Related Article:

For Online Course Enquiries
About Imarticus
Imarticus Learning is India’s leading professional education institute that offers training in Financial Services, Data Analytics & Technology. We’ve successfully transformed careers of over 35,000+ individuals globally through our Certification, Prodegree, and Post Graduate programs offered in association with leading and renowned global organisations in the Financial Services, Data Analytics & Technology domain.
Related course
  • Placement Assistance
    BBA in Finance
    Co-created with Jain University
    Course duration(Months)
    4
    Upcoming batches
    1
    Organizations enrolled
    20
    4.3 out of 5 by 211 learners
    2x
    Upcoming Batches
    Date Location Schedule
    31st July ONLINE Online
    Date Location Schedule
  • Recent Graduates
    MBA in Investment Banking
    Co-created with Jain University
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.5 out of 5 by467 learners
    2x industry demand
    Upcoming Batches
    Date Location Schedule
    31st July ONLINE Online
    Date Location Schedule
  • Recent Graduates
    MBA in Fintech
    Co-created with Jain University
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.4 out of 5 by 349 learners
    2x industry demand
    Upcoming Batches
    Date Location Schedule
    31st July ONLINE Online
    Date Location Schedule
  • Placement Program
    Post Graduate Program in Business Management with NMIMS
    Co-created with NMIMS
    Course duration(Months)
    24
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 669 learners
    4x Industry Demand
    Upcoming Batches
    Date Location Schedule
    ONLINE Online
    Date Location Schedule
  • Post Graduate
    Post Graduate Program in Banking and Credit Underwriting
    Course duration(6)
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 1376 learners
    12 X industry demand
    Upcoming Batches
    Date Location Schedule
    Not Available MUMBAI Online
    Date Location Schedule
  • Post Graduate
    Post Graduate Program In Finance And Accounting
    Co-created with Grant Thornton
    Course duration(months)
    4
    Upcoming batches
    1
    Organizations enrolled
    20
    4.9 out of 5 by 238 learners
    14 X industry demand
    Upcoming Batches
    Date Location Schedule
    None DELHI Online
    Date Location Schedule
  • Certification
    Professional Certification in FinTech
    Co-created with SP Jain School of Global Management
    Course duration(Months)
    3
    Upcoming batches
    1
    Organizations enrolled
    20
    4.6 out of 5 by 1421 learners
    6X industry demand
    Upcoming Batches
    Date Location Schedule
    ONLINE Online
    Date Location Schedule
  • PRODEGREE
    Credit Risk and Underwriting Prodegree
    Co-created with Moody’s Analytics
    Course duration(Months)
    3
    Upcoming batches
    2
    Organizations enrolled
    20
    4.6 out of 5 by 1139 learners
    4X industry demand
    Upcoming Batches
    Date Location Schedule
    13th February ONLINE Weekend
    Date Location Schedule
    29th May ONLINE Weekend
  • Certification
    Banking And Wealth Management Bootcamp
    Course duration(Months)
    2-3
    Upcoming batches
    1
    Organizations enrolled
    20
    4.6 out of 5 by 1429 learners
    3X industry demand
    Upcoming Batches
    Date Location Schedule
    30th January LUCKNOW Weekend
    Date Location Schedule
  • Post Graduation
    Post Graduate Program In Capital Markets
    Course duration(months)
    4
    Upcoming batches
    1
    Organizations enrolled
    20
    4.7 out of 5 by 807 learners
    3X industry demand
    Upcoming Batches
    Date Location Schedule
    Not Available ONLINE Online
    Date Location Schedule