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International Journal of Science, Strategic Management and Technology

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THE ROLE OF BLOCKCHAIN TECHNOLOGY IN BANKING AND FINANCE WITH REFERENCE TO THE PRIVATE BANKS

AUTHORS:
GURIJALA VARDHAN
Mentor
DR DHARMAVARPU LAKSHMI LAVANYA
Affiliation
Dept of MBA in Malla Reddy Engineering College and Management Sciences, Medchal, Hyderabad – 501 401.
DOI: 10.55041/ijsmt.v2i8.075
CC BY 4.0 License:
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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Abstract
Blockchain technology is transforming banking and finance through decentralized, transparent, secure, and tamper-resistant digital records. Private sector banks in India are exploring blockchain for secure payments, cross-border transactions, trade finance, digital identity, smart contracts, fraud prevention, and cybersecurity. This study examines blockchain adoption and its influence on transaction security, operational efficiency, customer service, and banking performance. Primary and secondary data were considered, with responses from 100 participants. Percentage analysis was used to interpret perceptions. The findings indicate that secure payments are the leading application, transaction security is the principal advantage, and high implementation cost is the major adoption challenge today.

 

 
Keywords
Blockchain Technology Banking Financial Services Private Sector Banks Digital Transformation
Article Information
PUBLICATION DETAILS
Review Type:
Double-Blind Peer Review
License:
CC BY-NC 4.0
Volume/Issue:
Volume 02, Issue 8
Review Rounds:
2
Article Type:
Research Article
Publication Date:
Sep 01 2026
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VARDHAN, G. (2026). The Role of Blockchain Technology in Banking and Finance with Reference to the Private Banks. International Journal of Science, Strategic Management and Technology, 02(8), 1-9. https://doi.org/10.55041/ijsmt.v2i8.075

VARDHAN, GURIJALA. "The Role of Blockchain Technology in Banking and Finance with Reference to the Private Banks." International Journal of Science, Strategic Management and Technology, vol. 02, no. 8, 2026, pp. 1-9. doi:https://doi.org/10.55041/ijsmt.v2i8.075.

VARDHAN, GURIJALA. "The Role of Blockchain Technology in Banking and Finance with Reference to the Private Banks." International Journal of Science, Strategic Management and Technology 02, no. 8 (2026): 1-9. https://doi.org/https://doi.org/10.55041/ijsmt.v2i8.075.

References

  1. Auer, R., Monnet, C., & Shin, H. S. (2021). Distributed ledgers and the governance of money. BIS Working Papers, 924. Bank for International Settlements.

  2. Basel Committee on Banking Supervision. (2024). Digitalisation of finance: Financial stability implications and supervisory approaches. Bank for International Settlements.

  3. Garg, P., Gupta, B., Chauhan, A. K., Sivarajah, U., Gupta, S., & Modgil, S. (2021). Measuring the perceived benefits of implementing blockchain technology in the banking sector. Technological Forecasting and Social Change, 163, Article 120407.

  4. Khanna, P., & Haldar, A. (2022). Will adoption of blockchain technology be challenging: Evidence from Indian banking industry. Qualitative Research in Financial Markets, 15(2), 361–384.

  5. Patel, R., Migliavacca, M., & Oriani, M. E. (2022). Blockchain in banking and finance: A bibliometric review. Research in International Business and Finance, 62, Article 101718.

Ethics and Compliance
✓ All ethical standards met
This article has undergone plagiarism screening and double-blind peer review. Editorial policies have been followed. Authors retain copyright under CC BY-NC 4.0 license. The research complies with ethical standards and institutional guidelines.
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