ItemConference Paper

Bridging the Gap: Exploring Blockchains Role in Enhancing Financial Inclusion in the Indian Context

Title
Bridging the Gap: Exploring Blockchains Role in Enhancing Financial Inclusion in the Indian Context
Creator
Chintale, Pradeep; Waghmare, Pranay; Khanna, Shivi; Mahida, Ankur; Gupta, Gaurav; Kumar, Shantanu; Gochhait, Saikat
Description
In recent years, the concept of financial inclusion has gained prominence as a crucial element in both economic and societal progress. This study investigates how blockchain technology could enhance financial accessibility in the unique socioeconomic context of India. Through an extensive analysis of a variety of blockchain applications, such as decentralized banking, digital identity verification, and transparent transaction procedures, this paper investigates the feasibility of utilizing blockchain technology to enhance inclusive financial systems. It closely examines the obstacles to blockchain adoption in India, such as governmental regulations, public sentiment, and the limitations of the countrys technology infrastructure. In order to raise awareness and encourage adoption, it also examines how to include blockchain education initiatives. This study adds to the discussion on financial inclusion and blockchain technology by fusing theoretical knowledge with real-world applications. Additionally, it offers a way to apply blockchain technology to advance inclusive economic growth in India. The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2025.
Source
Lecture Notes in Networks and Systems;Volume;1196 LNNS;pp.129-138
Date
01-01-2025
Publisher
Springer Science and Business Media Deutschland GmbH
Subject
Digital identification; Distributed banking; Education; Indias blockchain technologies; KYC adherence; Mutual-to-peer financing; Partnerships; Policy implications; Public opinion; Regulatory structure; Rural areas; Scalability; Socioeconomic environment,; Sustainability
Coverage
Chintale P., Downingtown, PA, United States; Waghmare P., Symbiosis Institute of Digital and Telecom Management, Constituent of Symbiosis International Deemed University, Pune, India; Khanna S., Christ University, Bangalore, India; Mahida A., Barclays, United Kingdom; Gupta G., Shoolini University, Himachal Pradesh, Solan, India; Kumar S., Amazon, Seattle, WA, United States; Gochhait S., Symbiosis Institute of Digital and Telecom Management, Constituent of Symbiosis International Deemed University, Pune, India
Rights
Restricted Access; Hardcopy may be available in the library
Relation
ISSN: 23673370; ISBN: 978-981979525-3;
Format
online
Language
English
Type
Conference paper

Citation

Chintale, Pradeep; Waghmare, Pranay; Khanna, Shivi; Mahida, Ankur; Gupta, Gaurav; Kumar, Shantanu; Gochhait, Saikat, “Bridging the Gap: Exploring Blockchains Role in Enhancing Financial Inclusion in the Indian Context,” CHRIST (Deemed To Be University) Institutional Repository, accessed June 20, 2026, https://archives.christuniversity.in/items/show/25688.

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