This paper is published in Volume-7, Issue-5, 2021
Area
Law and Technology
Author
Aashi Shah
Org/Univ
Pravin Gandhi College of Law, Mumbai, Maharashtra, India
Pub. Date
20 October, 2021
Paper ID
V7I5-1341
Publisher
Keywords
Blockchain Technology, Corporate Governance, India, Cryptocurrency, RBI

Citationsacebook

IEEE
Aashi Shah. Implications of blockchain technology on corporate governance in India, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Aashi Shah (2021). Implications of blockchain technology on corporate governance in India. International Journal of Advance Research, Ideas and Innovations in Technology, 7(5) www.IJARIIT.com.

MLA
Aashi Shah. "Implications of blockchain technology on corporate governance in India." International Journal of Advance Research, Ideas and Innovations in Technology 7.5 (2021). www.IJARIIT.com.

Abstract

With the advent of technology, humans have made it possible to arrive at a place where they can carry out huge transactions all by themselves without the help of any intermediaries. This technology is very famously called blockchain technology (BCT). The primary focus of this article is to see what implications BCT would have on corporate governance being specific to India. Corporate governance includes the government, big companies, and financial institutions that work through a framework for the smooth functioning of the companies. Although BCT is at a very primitive stage in India, if implemented it can fix the lop-sidedness of corporate governance in India for it provides greater transparency, efficiency, and security. The author through this article has explained the working of blockchain technology. Finally, the author has emphasized the need of adopting BCT for better corporate governance in India.