Title: Identifying business models for blockchain-based FinTech solutions in India

Authors: Swapnil Sonawane; Dilip Motwani

Addresses: Vidyalankar Institute of Technology, Mumbai, India ' Vidyalankar Institute of Technology, Mumbai, India

Abstract: Blockchain technology has emerged as a transformative force in FinTech, particularly in India. This paper analyses blockchain-based FinTech business models in India through a literature review, qualitative research, and data collection from interviews and case studies. The study uncovers diverse business models, including remittances, supply chain finance, identity verification, lending, insurance, and payments, involving stakeholders like financial institutions, tech companies, startups, as well as government agencies. It identifies key success factors, challenges, and regulatory considerations. The findings offer valuable insights into blockchain's potential for FinTech in India, informing decision-making for businesses and policymakers. The paper concludes with implications for the industry and identifies areas for further research. Overall, it highlights the significance of blockchain technology in shaping the Indian FinTech landscape.

Keywords: blockchain technology; FinTech; business models; India; financial services; digital innovation.

DOI: 10.1504/IJBC.2023.135002

International Journal of Blockchains and Cryptocurrencies, 2023 Vol.4 No.3, pp.202 - 227

Received: 14 Jun 2023
Accepted: 07 Sep 2023
Published online: 24 Nov 2023 *

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