The Role of Blockchain Technology in Banking Business-an Overview

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This article reveals how blockchain transforms transactions and enhances security in banking, suggesting significant benefits and challenges.

Blockchain technology can reduce fraud in banking operations, enhancing transparency and security.
Decentralized systems enable efficient transactions, potentially lowering operational costs significantly in banking.
Existing literature notes several challenges linked to blockchain adoption, such as regulatory barriers and technology integration.
The findings indicate blockchain could promote financial inclusion in India, benefiting both startups and established banks.

K H Gurumurthy (2025) studied this question.

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This article reveals how blockchain transforms transactions and enhances security in banking, suggesting significant benefits and challenges.