BLOCKCHAIN IN THE STOCK MARKET: ASSESSMENT OF DRAWBACKS IN THE TRADING PROCESS AND PROPOSED SOLUTION FOR THE TRADING PROCESS USING BLOCKCHAIN

Authors

  • Shashwath Shetty , Madhavi Damle

Abstract

Indian stock market consists of delays in days, for transactions, due to intermediaries,
clearance, and regulations. Blockchain implementation solution proposed as a hybrid Blockchain
model tweaked to defeat the inadequacies of the current system in the Indian trade and to build
an efficient system. The study proposes that the utilization of such Blockchain can bring
numerous advantages that different innovations as of now being utilized can't offer. Peer to peer
exchange and consensus mechanism that is in place to validate transactions are the blockchain
processes that can massively affect the current trading process. Due to the use of blockchain,
there will be a reduction in transaction costs with increased transparency and increased pace in
the clearing and settlement process which will probably draw in new ventures and increase
liquidity in the system.

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Published

2020-12-01

How to Cite

Shashwath Shetty , Madhavi Damle. (2020). BLOCKCHAIN IN THE STOCK MARKET: ASSESSMENT OF DRAWBACKS IN THE TRADING PROCESS AND PROPOSED SOLUTION FOR THE TRADING PROCESS USING BLOCKCHAIN. PalArch’s Journal of Archaeology of Egypt / Egyptology, 17(6), 4945 - 4961. Retrieved from http://mail.palarch.nl/index.php/jae/article/view/1736