This paper is published in Volume-7, Issue-2, 2021
Area
Computer Science And Engineering, Banking, Finance
Author
Manas Protim Deka
Org/Univ
Christ (Deemed To Be University), Bengaluru, Karnataka, India
Pub. Date
10 March, 2021
Paper ID
V7I2-1152
Publisher
Keywords
Blockchain, NPA (Non-Performing Asset), Smart Contract, Timers, Conceptual Model

Citationsacebook

IEEE
Manas Protim Deka. NPA Management using Blockchain, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.

APA
Manas Protim Deka (2021). NPA Management using Blockchain. International Journal of Advance Research, Ideas and Innovations in Technology, 7(2) www.IJARIIT.com.

MLA
Manas Protim Deka. "NPA Management using Blockchain." International Journal of Advance Research, Ideas and Innovations in Technology 7.2 (2021). www.IJARIIT.com.

Abstract

The usage of Blockchain Technology has been increasing rapidly across the various business sectors. Multiple industries across various sectors are adopting it for its immutability, transparency, tamper proof-ness, and its distributed nature. As such, the banking industry is looking at it intently to solve a variety of problems it currently faces. One of them is NPA management. Especially in India, this is a big issue as the rate at which NPAs are growing is very high. This paper aims to find a potential solution to this problem by developing a blockchain model conceptually which uses smart contracts to effectively manage NPAs. Timers or Loop code concept in a smart contract has been utilized to keep track of a loan as it becomes an NPA. Different scenarios have been provided to explain the working of the concept. An example use case has been elaborated upon as well. The paper developed a conceptual model that is effective in managing NPA as well as it provides a scope for government, NPA as well as external auditors to monitor the state of NPAs of a bank. This paper also provides the scope to further develop the model by creating a working blockchain-based model.
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