• DIVYANI DATTA

Blockchain technology can be used to benefit a large section of the society in developing economies. As the access to internet increases among the population due to the increasing affordability and usability of smartphones, blockchain strengthens its potential to fill up the gap in effective formal institutions in many developing economies, including India in terms of their rules, laws, regulations, and their enforcement. Using the support of FinTech in creating positive changes in business models, blockchain is garnering great interest across different industries in India. This paper tries to understand how blockchain can support the FinTech landscape in India and traces out the opportunities present in its implementation. Some of the challenges in this direction have also been highlighted to provide a comprehensive overview of the current research topic. The paper follows a descriptive approach and brings to light that India will be immensely benefitted from the adoption of blockchain in the sector of financial technology. If certain concerns in implementation are dealt with prudently, opportunities for India in blockchain finance can be immensely beneficial for the entire economy.

Blockchain; Challenges; FinTech; India; Opportunities.

"Blockchain for Financial Technology in India- Gateway to opportunities or an impending doom?", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 7, page no.g168-g173, July-2022, Available :http://www.jetir.org/papers/JETIR2207624.pdf

"Blockchain for Financial Technology in India- Gateway to opportunities or an impending doom?", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 7, page no. ppg168-g173, July-2022, Available at : http://www.jetir.org/papers/JETIR2207624.pdf