Reduction in Poverty of India with the Help of Blockchain Technology

Authors: Sparsh Verma, Dinesh Kumar

Country: India

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Abstract: Being one of the fastest developing sector, the technology sector, internet has always shown fastest rate of progress and will continue to do so in the future. Predicting the future of internet, is not an easy task. Of course, it is nearly impossible to predict the features, services and the sort of opportunities, internet will provide us in the coming time but due to the fact that the rate of progress is increasing each coming year, we can imagine a positive vision for internet and the digital technology. The concept of block chain fits here very well describing the future of internet which explains the distributed, decentralized and transparent version of internet. Block chain is a distributed technology which works on decentralized networks, containing distributed digital ledger which is transparent to all. Another thing to focus on its trust and security , it almost finds its applications in every field hence, contributing a great role in the faster progressive rate of internet. In this paper, we present the review of the block chain technology and its contribution in technology sector, hence making it the future of internet. This paper tries to comprehend the block chain technology features, applications and coming opportunities and how it is going to be the future of internet.

Keywords: Blockchain, Cryptocurrency, Poverty, Financial Inclusion

Paper Id: 230063

Published On: 2023-03-31

Published In: Volume 11, Issue 2, March-April 2023

Cite This: Reduction in Poverty of India with the Help of Blockchain Technology - Sparsh Verma, Dinesh Kumar - IJIRMPS Volume 11, Issue 2, March-April 2023.

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