Government’s decision to encourage blockchain in payments sector is a welcome measure. The decentralized technology will help simplify the ecosystem, mitigate security concerns and build a trustworthy network ensuring data integrity. Elimination of intermediaries and overhead costs will help in reduction of transaction costs. The ability to make data transfer simpler and easier between entities would encourage adoption of block chain as a preferred technology across industries. Blockchain with strong support from government would help reshape the way businesses transact and fuel the digital initiatives.
- Post-budget 2018 Reaction Mr. Shrenik Gandhi, Co-founder White Rivers Media
- Post-budget 2018 Reaction Mr. Akash Gupta, Founder and CEO – Mobycy