Post-budget 2018 Reaction Mr. Sirish Kumar, Founder and CEO – Telr

Budget has shown an increase in tax collections to government exchequer since demonetisation drive almost a year back . Government of India continues to  embrace new initiatives and technologies to reduce the costs of doing cashless transaction and reducing the parallel black economy. Blockchain will disrupt the present practices related to money transfer , contracts and property records , amongst other things . Blockchain should be explored to tackle bad loans by real time information exchange between banks. I believe blockchain will be pivotal on executing the smart cities  initiatives , particularly the small towns in India . This will include disrupting models of transportation like Uber , Ola etc. The reduction in intermediaries will also make governments and bank efficient by replacing loads of paperwork.