Adoption of Blockchain as a Solution Strategy for Financial Inclusion

Abstract

Reviewing the research on ‘financial inclusion,' ‘adoption,' and ‘blockchain in India,' the authors of this chapter find that addressing financial exclusion necessitates overcoming four obstacles: limited geographical accessibility, poor banking products, exorbitant charges, and a lack of financial literacy. Blockchain technology can solve the majority of these problems. The authors have planned a research agenda on implementation experience, agreement patterns, and approved outcomes to help direct the development of this understanding. Finding the answers to these study questions would help us understand how blockchain-based technology is being adopted in rural India differently. This study makes a practical contribution by discussing how blockchain might diminish the problem of financial exclusion in rural India and create a global network system that could link rural India. The authors tried to reveal the gaps in knowledge that need to be filled in order for rural Indians to be financially included constitutes the theoretical contribution.