Demonetisation will make our economy more inclined towards cashless transactions, says Jaimini Bhagwati, RBI Chair Professor. The financial sector of the country will benefit from improved efficiency and faster transactions.
Speaking to CNBC-TV18 Gurvinder Singh, VP, Bombay Goods Transport Association said that about 80 percent of their business is through cash.
The verifiability and security associated with blockchains have given ideas to the financial industry to adopt it for their own purposes.