The Indian Blockchain Landscape: Regulations and Policy Measures

Blockchain is considered to be a technology that has the potential to bring major political, social and economic benefits to developing economies such as India (Kshetri, 2017a). According to the National Association of Software and Services Companies (NASSCOM), blockchain-led increase in productivity and cost reduction can create value of up to US$5 billion in the Indian economy by 2023 (IANS, 2018). The research company ResearchAndMarkets.com's study indicated that the banking and financial services sector is expected to the leading sector to benefit from this technology (Business Wire, 2018).