International Journal of Social Science & Economic Research
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Title:
ECONOMIC IMPACT OF BLOCKCHAIN TECHNOLOGY

Authors:
Nishtha Ahuja

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Nishtha Ahuja
Department of Economics, Lady Shri Ram College for Women University of Delhi

MLA 8
Ahuja, Nishtha. "ECONOMIC IMPACT OF BLOCKCHAIN TECHNOLOGY." Int. j. of Social Science and Economic Research, vol. 7, no. 8, Aug. 2022, pp. 2512-2525, doi.org/10.46609/IJSSER.2022.v07i08.012. Accessed Aug. 2022.
APA 6
Ahuja, N. (2022, August). ECONOMIC IMPACT OF BLOCKCHAIN TECHNOLOGY. Int. j. of Social Science and Economic Research, 7(8), 2512-2525. Retrieved from https://doi.org/10.46609/IJSSER.2022.v07i08.012
Chicago
Ahuja, Nishtha. "ECONOMIC IMPACT OF BLOCKCHAIN TECHNOLOGY." Int. j. of Social Science and Economic Research 7, no. 8 (August 2022), 2512-2525. Accessed August, 2022. https://doi.org/10.46609/IJSSER.2022.v07i08.012.

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ABSTRACT:
In today’s world, where information is the most useful and dangerous commodity, with all online activity being tracked and our preferences as consumers being sold to the highest bidder, blockchain technology helps provide a secure way of storing information. Blockchain is the present and the future. The purpose of this research paper is to define blockchain technology, elucidate its history, its benefits and drawbacks, then discuss the economic impact of blockchain technology on the global economy, with discussing its impact on various sectors and the growth opportunities it brings for these sectors followed by analysing its impact on the Indian economy. The conclusion summarises the meaning and potential of blockchain technology in reforming various sectors and moving towards a truly decentralised economy.

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