A study on vulnerabilities in Indian banking sector: with reference to blockchain technology
by Sangeetha Nigadi; Savitha Kulkarni
International Journal of Financial Services Management (IJFSM), Vol. 10, No. 4, 2020

Abstract: The vulnerabilities in today's banking system are increasing day by day, where security is the major issue. Today's banking system is totally built on centralised databases. Vulnerabilities can be reduced by rebuilding banking system with blockchain, which is a decentralised distributed ledger which will remove the centralised database architecture and decentralise the data over the blockchain. The transactions in blockchain are verified by each and every node of the chain, so that it will make the transactions faster and secure. This research paper is focused on the vulnerabilities, security and privacy issues and the impact of blockchain technology on Indian banking sector. The data was collected from both primary and secondary sources. Likert scale was employed for designing the questionnaire. Samples of 250 employees from public sector banks were collected. Various factors were identified for the analysis, which employed factor analysis, descriptive statistics, correlation, regression and hypothesis. It was found that adoption of blockchain technology reduces the vulnerabilities in the Indian banking sector.

Online publication date: Mon, 22-Feb-2021

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Financial Services Management (IJFSM):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com