International Research Journal of Innovations in Engineering and Technology - IRJIET International Open Access, Monthly, Peer Reviewed, Reputed Journal ISSN (online): 2581-3048

Impact Factor (2025): 6.9

DOI Prefix: 10.47001/IRJIET

The Role of Blockchain in India’s Economy: Opportunities, Challenges, and Future Prospects

Abstract

Blockchain technology is changing the way economies work, and India has become a global leader in adopting this innovation. This paper takes a closer look at how blockchain is shaping India’s economy, exploring its practical uses, the challenges it faces, and what the future might hold. From improving financial systems and making city governance smarter to ensuring better transparency in supply chains, blockchain is driving change across sectors. However, there are hurdles like unclear regulations and infrastructure issues that need to be addressed. By combining insights from recent studies and industry reports, this paper highlights how blockchain can transform India’s economy and suggests ways to overcome the barriers to its wider adoption.

Country : India

1 Saurabh Kedarnath Shinde2 Radhey Madhav Khule3 Mariyam Maniyar

  1. Department of Master in Computer Application, K K Wagh Institute of Engineering Education and Research, Nashik, India
  2. Department of Master in Computer Application, K K Wagh Institute of Engineering Education and Research, Nashik, India
  3. Department of Master in Computer Application, K K Wagh Institute of Engineering Education and Research, Nashik, India

IRJIET, Volume 10, Issue 4, April 2026 pp. 216-222

doi.org/10.47001/IRJIET/2026.104031

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